Yes D&T, Neilsen's Law...blah blah blah...very impressive. We know but thanks for being a pedant, and for pretending the bandwidth is evenly distributed.
Meanwhile, back in the real world:
in countries where bandwith costs a lot, full nodes will tend to disapear.
So we will start to make holes in the mesh network.
So we will start to make holes in the mesh network.
Exactly what block size the network can support is very much debatable.
There should be more rigorous study of the actual limits of the network.
I'm still worried about the capabilities of typical Internet connections, and especially how they'll increase over time
There should be more rigorous study of the actual limits of the network.
I'm still worried about the capabilities of typical Internet connections, and especially how they'll increase over time
30 kBps upload is common in Australia, and you sure should be able to run a full node in a typical internet connection in Australia, or Brazil, or Philippines, or whatever. The block size needs to be useful for the (lowest reasonable) common denominator, not the median.
If you come within 1/3 (and probably much less) of maxing out your network connection, your ability to run Bitcoin is dependent on the government NOT telling your network providers to interfere with certain kinds of traffic. A chain is only as strong as it's weakest link. If Bitcoin depends on this not happening on a fairly wide scale globally at some point in the future, then it is simply not a very strong solution
And let me reiterate
Onion routing generally adds overhead that can dwarf a small payload such as a Bitcoin transaction and other kinds of cloaking (specifically steganography) can add much more.
I think it more likely than not that at some point there will be the long promised 'cyber 9/11' and some big changes to the global internet even here in the 'free world'. I've no intention of walking away from my stash just because some douche-bag government administrator and media echo-chamber says that a peer-2-peer internet fosters terrorism or whatever. If it never happens then that is fine and great, but it means that crypto-currencies are just toys and never did become indispensable tools for wealth protection. If it does then I want to be prepared and have my wealth protected by the most robust solution available.
I think it more likely than not that at some point there will be the long promised 'cyber 9/11' and some big changes to the global internet even here in the 'free world'. I've no intention of walking away from my stash just because some douche-bag government administrator and media echo-chamber says that a peer-2-peer internet fosters terrorism or whatever. If it never happens then that is fine and great, but it means that crypto-currencies are just toys and never did become indispensable tools for wealth protection. If it does then I want to be prepared and have my wealth protected by the most robust solution available.