Re: Satoshi Nakamoto: "Bitcoin can scale larger than the Visa Network"
Thank you so much sgbett; that was a really great read. I must admit I didn't work through all of the math yet but at first blush it appears ok until;
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The Bitcoin network is naturally limited by block validation and construction times. This puts an upper limit on the network bandwidth of 60KB/sec to transmit the block data to one other peer.
Hmm, really? There's no way ever to improve on block validation times? Quantum computers? Nothing? That doesn't ring true.I am totally with you. I read 60kb/s more as a theoretical *minimum* rate we can achieve
