Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
yugo23
on 07/03/2016, 13:41:10 UTC
Quote from: marcus_of_augustus on March 07, 2016, 01:35:40 PM
Quote from: yugo23 on March 07, 2016, 01:23:43 PM
Quote from: becoin on March 07, 2016, 01:13:42 PM
Quote from: yugo23 on March 07, 2016, 01:07:05 PM
Quote from: becoin on March 07, 2016, 12:59:33 PM
Quote from: bitebits on March 07, 2016, 11:38:59 AM
On top of that, Segwit is not a scaling solution. Neither is the raise to 2MB blocks. Both do temporarily fix the current full blocks issue though.
There is no full block issue. There is spam issue. As soon as spam attack stops everything is perfectly normal. Increasing blocksize does nothing to solve spam issue. You can not solve spam issue by giving spammers more free space to spam!

Hmm... I don't understand you. 1MB blocks allow a really low amount of tx and btc is spreading. Of course there is a block size issue! Simply because the adoption of btc is rising and numbers of allowed tx is the staying the same!
Sorry, I don't respond to people with paid signatures. 99% of them don't understand what they're talking about. What they do care is only how much posts they make.

Thanks for this wonderful argument.

But as it happens, some users have paid sig to earn a few bucks while posting, not posting for the few bucks.

I believe I understand what I'm talking about: currently 1MB size limits the btc network to something around 2000 txs per block.

Now simple calculation please: 2000/10min means 12 000/h means 288 000/day

Now I might be dumb, but it means current network can't handle 300 000 users daily. So now explain me how network can scale?

See, even a 'dumb' person can see that it cannot scale. For a bitcoin system that wants to cater for 10 million -1 billion customer base increasing blocksize is a largely ignorant approach (a band-aid on a gunshot wound), the most technically sound decision here is to saturate the base layer ASAP to gather data and build out higher layers as necessary based on that information.

Hey who are you calling dumb?  Angry