Post
Topic
Board Bitcoin Discussion
Re: Thanks to people who support 1-2 MB blocks - great idea u fools...
by
iCEBREAKER
on 15/09/2015, 20:27:25 UTC
Well I have an average connection for Europe and i could easily support two gigabyte blocks from home, eight megabyte blocks would not be a problem at all.

How long would it take to transmit a 10mb block across the network?  It can't be more than a few seconds.  Besides, this debate about block size should be settled now.  Sooner is better than later.

No, just no. If you really believe so it shows how very little you understand how Bitcoin works.

Quote
Well-known cryptographer and digital currency veteran Nick Szabo explained:

So a 1MB block takes vastly more resources than a 1MB web page, for example, because it has to be transmitted, processed and stored with such high redundancy for Bitcoin to achieve its automated integrity.
https://bitcoinmagazine.com/21919/decentralist-perspective-bitcoin-might-need-small-blocks/

"Processed" refers (among other things) to verification of the tx in new blocks.  Verification times are superlinear w/r/t max block size, so one 8MB block could take much longer to process than eight 1MB blocks (depending on how intricately and/or deviously the tx are constructed).

Gavin thought he could just create a 100k max_tx_size as a band-aid to get around this problem, but that idea turned out to be a non-starter.

And that's (yet another reason) why the block size isn't going to change any time soon.

The people who can't handle that truth should just go play outside for a while, and forget all about Bitcoin for a year or three.

Isn't it adorable LunacySapere thinks he can "easily support two gigabyte blocks from home?"

I guess he hasn't got to the part of the Bitcoin FAQ where it explains he'd need to be able to send out 8 copies of those 2GB blocks in under 10 seconds.