Quote from: marcus_of_augustus on December 03, 2015, 01:45:33 AM

Quote from: Cconvert2G36 on December 03, 2015, 01:25:05 AM

Quote from: marcus_of_augustus on December 03, 2015, 01:14:07 AM

Quote from: Cconvert2G36 on December 03, 2015, 01:06:37 AM

U guise, let's try to move from 3 tps to 6 tps before we get all hot and bothered about supplanting the global financial system.

How many tps is SWIFT? or FedWire?

Yep, just waiting for central bank mass adoption.

SWIFTNet Link: > 40 system transactions per second, per installation

so eliminate all the spam transactions, blockchain graffiti and sundry freeloaders and raise slowly to 8MByte by 2025 and we're done?

Each link to the SWIFT network can push more than 40 tps.

For those that didn't see it... I'm leaning this way:

Quote from: Cconvert2G36 on December 02, 2015, 12:22:30 AM

https://bitcoinmagazine.com/articles/bitcoin-mining-pool-f-pool-discus-fish-maintains-bip-not-an-option-1449003767

"On the Bitcoin development mailing list, Chun recently suggested raising the maximum block size in accordance with the block halving. As such, the block-size limit would be raised to 2 megabytes as soon as possible, followed by an increase to 4 megabytes halfway through 2016, up to 32 megabytes by 2028."

Quote from: Cconvert2G36 on November 18, 2015, 11:37:56 PM

4MB max in 2016, doubling at the halvings. (2MB would/could/should have been the limit at the drop to 25btc block rewards.)

Growth in the max could be halted or slowed by soft fork if alternative scaling solutions present themselves and are proven to be both functional and desired by the market.

Code:

Max Blocksize Block Reward Year(~) Native TPS(~)
1MB 50 2009 3
2MB 25 2013 6
4MB 12.5 2016 12
8MB 6.25 2019 24
16MB 3.125 2022 48
32MB 1.5625 2026 96
64MB 0.78125 2029 192
128MB 0.390625 2033 384
256MB 0.1953125 2037 768
512MB 0.09765625 2041 1536

There's something nice about the available space in a block for fee paying txs doubling at the same time the reward is cut.

I'm quite certain we'll have some nice hardware and fiber connections in 2026.