Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Fatman3001
on 15/02/2016, 10:20:49 UTC
Quote from: ButtLava on February 15, 2016, 10:11:02 AM
Quote from: AlexGR on February 15, 2016, 09:54:13 AM
Quote from: ButtLava on February 15, 2016, 09:46:23 AM
I am still curious why did everyone get stuck on this 1mb value? I mean, like I said earlier, why not 1.2mb, or why not just 1 transaction per block if limiting it is the best? I'm just so confused why the current transactions per second limit became the magic number.

It's arbitrary really. Satoshi actually gave more room than necessary, but then again the fees paid back then were like 0.01.

That's what I was thinking, it seems 1mb was just a nice round number for him to pick at the time.

This is why I can't understand where all this contention is coming from. It seems out of left field for me. I run a software company, which we will be exiting this year (assuming all goes well), and I just can't fathom the stubbornness on the function of this single value that seems totally arbitrary. I would be running analysis, bug testing, etc, every possible iteration of that number. Perhaps even writing a simulation to see how the change of the number would effect network performance, hash rates, probably miner dropout, etc. I've been considering what I will do with my time when I exit my current company, and it seems likely that it will be bitcoin related. And I'm starting to wonder if I should just contribute code directly or work on the analysis side of things. I'd love to submit code but it seems the stubbornness is a harder problem to solve than the technical hurdles Tongue

There's plenty of code, there's plenty of stubbornness, there's not enough analysis. The block size problem should have been dealt with two years ago. And if someone had done the legwork back then it would have been done two years ago. The one project trying to do this kind of stuff, ledgerjournal.org, is run by a fairly controversial member of the community. His project needs to be strengthened and there also needs to be different voices on the scene. If you want to make a difference in Bitcoin then this is a good entry point.