Post
Topic
Board Bitcoin Discussion
Re: Competing nodes - List of BTC implementations in competition for the Blockchain
by
canth
on 18/01/2016, 00:33:56 UTC

it's equivalent of 1.75 mega at minimu, and it can be expanded to be above 2MB, and anyway 2mb, is a temporary step toward the issue, so having 1.75 or 2mb will not change anything

in case tere will be a saturation of the 2mb limit, having 1.75 will suffice with a little delay on the transaction, much better than what happened with the stress test

Huh? SW cannot get more than a 1.75x increase on its own. I'm unaware of any on-chain throughput increases that can be had as a soft fork, other than the SW accounting trick.

1) We have no idea when SW will be ready for release. It's over 500 lines of code that need to be reviewed, very much unlike a max block size increase.
2) We have no idea when most wallets will be ready to accommodate SW.
3) We don't really know whether miners will charge lower fees for SW transactions and theoretically incentivize users to upgrade and start using SW transactions rather than typical transactions.

I'm a big fan of some of the features that SW brings, but it's not a sure bet that this has any effect on throughput in 2016. Even if it does, the number of daily transactions has been growing quickly enough that we'll need a 2017 solution as well, and this brings up the 2MB + SW block size increase. There's a reason that miners aren't jumping on board SW alone.