Post
Topic
Board Bitcoin Discussion
Re: Analysis and list of top big blocks shills (XT #REKT ignorers)
by
jonald_fyookball
on 10/01/2016, 04:38:47 UTC
At least not when it comes to storage space.

http://www.newegg.com/Product/Product.aspx?Item=9SIA2W01HP4642

$124 for 4tb.

Bandwidth OTOH... But I got an offer from my isp of a 500MB/50MB line for $99 a month. Not exactly cheap, but for a drooling nerd it's a "worthwhile investment".
Your post is a fine example of faulty generalization and nonsense. You are trying to present that price point as available to everyone which is not even close in reality. Most people of the world do not have access to those prices and a single TB tends to cost ~100$ depending on where you live. With bandwidth it is much worse with the world average being 5.0 Mbps.

... we haven't even hit the 1mb limit yet. If you imagine that I live in the future then you might see how this is relevant. Except I don't. This is not available to everyone, but it is to many. Maybe not to Luke-Jr's hut in the middle of the Appalachian Jungle, but to many.

https://en.wikipedia.org/wiki/List_of_countries_by_Internet_connection_speeds

South Korea 20.5MB
Sweden 17.5MB
United States 12.6MB
Israel  11.2MB
New Zealand 8.7MB
Thailand 8.2MB
United Emirates 6.8MB
Uruguay 5.9MB
South Africa 3.7MB

But these are averages. Which means that in low to medium income countries, especially those with large landmasses, you'll find large areas pulling down the averages.

Quote
I'm not sure how this exactly is relevant to the OP?

You're right. Ordnung Muss Sein. Especially in a thread dedicated to branding and hunting down misfits.

I guess I should be on the list as well. HA!!! How much more relevant can you get?

"Centralization of mining due to slow propagation with bigger blocks" is mostly a strawman argument.

Even if the blocksize went up to 8MB with no increases in Internet speed,
you're talking about 8 seconds difference between an 8mbit connection and
a 16mbit connection.  Compare to the 600 seconds required to solve a block
and you get 8/600 = .0133~.    So that's a 1.3% advantage to the faster
miner.  Quite dubious to say that would be a crushing competitive advantage
given that there are other factors involved in mining costs such as electricity,
gear, and operations.