Post
Topic
Board Bitcoin Discussion
Re: Bitcoin 20MB Fork
by
RoadStress
on 13/02/2015, 12:43:10 UTC
But I agree with Davout that say you don't fix something not broken (I would just prefer to fix it when orange light turns on)

Raising the block limit isn't fixing something that's broken. It's just making the Bitcoin network be able to run at its full potential (or at least run at a higher potential than now).

traincarswreck you are really pushing it for an ignore.

it can't scale to additional layers built on top of it

There is absolutely no substance to this claim.

You can find the substance below. The reason why you choose to ignore them is only personal choice I guess because for me it is substance:

Code:
Maximum supported users based on transaction frequency.
Assumptions: 1MB block, 821 bytes per txn
Throughput:  2.03 tps, 64,000,000 transactions annually

Total #        Transactions per  Transaction
direct users     user annually    Frequency
       <8,000       8760          Once an hour
      178,000        365          Once a day
      500,000        128          A few (2.4) times a week
    1,200,000         52          Once a week
    2,600,000         24   Twice a month
    5,300,000         12   Once a month
   16,000,000          4   Once a quarter
   64,000,000          1          Once a year
  200,000,000          0.3        Less than once every few years
1,000,000,000          0.06       Less than once a decade

Quote from: JGarzik link=http://sourceforge.net/p/bitcoin/mailman/message/33405247/
As such, the blockchain can never support All The Transactions