Post
Topic
Board Development & Technical Discussion
Re: How a floating blocksize limit inevitably leads towards centralization
by
MoonShadow
on 21/02/2013, 14:33:49 UTC

Was this earlier post insufficient?

If we want to cap the time of downloading overhead the latest block to say 1%, we need to be able to download the MAX_BLOCKSIZE within 6 seconds on average so that we can spend 99% time hashing.

At 1MB, you would need a ~1.7Mbps  connection to keep downloading time to 6s.
At 10MB, 17Mbps
At 100MB, 170Mbps

and you start to see why even 100MB block size would render 90% of the world population unable to participate in mining.
Even at 10MB, it requires investing in a relatively high speed connection.


No, because it only addresses the effects of one variable resource, thus assuming that all other variables would remain either static or significantly independent from the effects of this variable so as to be ignored.  This might be a valid assumption, but I cannot accept that as a given.  The core purpose of economic analysis is to be able to predict the effects of changes to all the variables, not just those you assume are dominant.  The unseen is usually of greater net effect on the outcome than the seen.