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Mostly that the blockchain is getting unmanageably large for individuals and that making it grow even faster is going to increase centralisation. The basic pro
by davidgerard 11y ago
Mostly that the blockchain is getting unmanageably large for individuals and that making it grow even faster is going to increase centralisation.
The basic problem is that Bitcoin wasn't designed to scale - it was a prototype to prove that something like Bitcoin was possible. Then they ran with it. MORAL: nothing persists like a quick hack.
- FatalLogic 11y ago"The design outlines a lightweight client that does not need the full block chain. ....I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it's not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions. At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN." - Satoshi Nakamoto, July 2010 [1] On the subject of quick hacks persisting, the (arguably flawed) design of BGP on a restaurant napkin is a great example. [2] [1] https://bitcointalk.org/index.php?topic=286.msg2947#msg2947 https://bitcointalk.org/index.php?topic=286.msg2947#msg2947 [2] http://wikipedia.org/wiki/Yakov_Rekhter http://wikipedia.org/wiki/Yakov_Rekhter
- davidgerard 11y agoQuick hacks on napkins can be pretty awesome, e.g. UTF-8. http://www.cl.cam.ac.uk/~mgk25/ucs/utf-8-history.txt http://www.cl.cam.ac.uk/~mgk25/ucs/utf-8-history.txt