Post
Topic
Board Bitcoin Discussion
Re: Analysis and list of top big blocks shills (XT #REKT ignorers)
by
Lauda
on 10/01/2016, 08:20:27 UTC
sorry but propagation is not an issue.
if you can watch netflix then you got no worries about bandwidth

eg
2mb blocks = 12mb an hour
4mb blocks = 24mb an hour
8mb blocks= 48mb an hour

netflix SD = 1000mb an hour(20x-80x more bandwidth requirement for netflix compared to bitcoin no matter what block size proposal goes forward )
netflix HD=3000mb an hour(60x-240x more bandwidth requirement for netflix compared to bitcoin no matter what block size proposal goes forward )

and 33million people dont seem to be complaining about bandwidth issues
It is pretty obvious that you have no clue to what propagation delay is and why it matters for Bitcoin, else you would not be mentioning Netflix.

You'd have to ask him, I'm just the messenger. Doesn't really matter tho, there is consensus on the roadmapSmiley
I will. There is indeed consensus but there are still people trying to sabotage it.

"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.
Watch the first Scaling workshop again.