Post
Topic
Board Bitcoin Discussion
Re: wow ,almost 30,000 unconfirmed trans
by
deisik
on 27/11/2016, 07:57:21 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?

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...

Again. Unless you expect this level of adoption today, we do not need such raw technological capability today. Why is this so hard to grasp?

I remember you saying a few days ago that there is a clear "unbroken trend up". Though I don't agree that it is evident from the chart you offered as a proof (it should be considered as flat there, at best), I do agree that the overall trend shows an increasing number of daily transactions on average. In fact, I myself suggested to use the amount of daily transactions as a metric for evaluating Bitcoin adoption rates. And now you start basically claiming that we are not there yet...

How come really?

Well, I have missed that part. Last time I read about it, it was 1.7 to 1.8 MB, which is still substantial, but still modest considering that some 18 months ago, there was a proposal from leading BTC developers to raise the block size to 8 MB.
Well, you can't call something that is 2-2.1x marginal though, regardless of what was proposed

It is marginal in the sense it will be consumed in less than no time