Post
Topic
Board Bitcoin Discussion
Re: wow ,almost 30,000 unconfirmed trans
by
deisik
on 26/11/2016, 12:37:42 UTC
100GB every ten minutes isn't possible for any domestic connection today.

A blocksize of 100,000 times the current would enable 100,000 time more transactions than we are currently processing. Why the hell are you talking about this value in the context of what domestic connections today? Hyperventilate much?

Right now we have 250k transactions processed daily, increasing that by 100k times will give us a figure around 25 billion transactions daily. If we divide this figure by the total number of humans currently living (about 7.5 billion), we will get only 3 transactions per person daily. Some people may make dozens of transactions on a daily basis, some only maybe a few a week, but on average we should get quite close to that number (perhaps, it should be somewhat greater than that). And note that I'm not counting business transactions altogether. Now show me a really existing networking technology, domestic or whatever, that would be able to transmit data at or over 100 gigabytes (bytes, not bits) per second farther than a few miles...

And we would need such speeds across continents, dedicated entirely for the support of Bitcoin infrastructure