Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
brg444
on 06/11/2015, 20:36:32 UTC

if blocksize gets an issue it will be solved in 24h

its not a big deal, more a question of details

ideialy there wouldnt be this "blocksize" issue in the first place

but there is

so how do we deal with it

dealing with it by ignoring it until it actually start to mess shit up and then saying " that's fine! bitcoin was meant to be slow and costly, using the holly ledger is a privilege! " is wrong.

on ther other hand gavins proposal is equally ridiculous to the other extream.

i'm confident devs will implement a happy middle ground

On what do you base this confidence? Past performance?  

from what i see, the scaling conference, the open letter from devs, the on going discussion about it.

it seems pretty clear something will be done about it, extcal what and when is up in the air.

also what's encouraging is that there is still a lot of room for improvement in a few aspects of the protocol, after a little bit of study 2 months ago i concluded we could grow the network 250 times bigger without demanding more bandwidth than is currently being used, if all these improvements were rolled out. and from there i think 10-100 X increase in bandwidth requirements to run a full node isn't all that crazy, so from where i'm standing bitcoin can potently scale by a factor of 2500 - 25000 while still being very decentralized.

of course i'm probably being a little optimistic on these potential coding gains. but i ain't worried about scalability anymore.

To anyone reading these this "study" was based on flawed assumptions and rather broken understanding of how Bitcoin's gossip network operates.

TL;DR the claims in this post don't match reality