Post
Topic
Board Bitcoin Discussion
Re: wow ,almost 30,000 unconfirmed trans
by
jbreher
on 27/11/2016, 22:24:53 UTC
Either I am writing unclearly, or ...

I think it should be obvious that when I say "we do not need such raw technological capability today", I am referring to the absurd notion -- articulated upthread by Carlton Banks -- that we would need to increase blocksize by a factor of 100,000 immediately.

You don't get it, absolutely

You basically say that we will already have all those capabilities (network bandwidth, storage capacity, processing power, etc) by the time when we will actually need them, thanks to technological advances, mind-boggling break-throughs and other buzz words that people so love to repeat. Okay, let's assume that it might be so, since we can't deny that for sure (though this is debatable). But at the same time you claim that we, today, are already hitting some limits (namely, the blocksize limit), and nothing is effectively done to overcome these issues. In other words, wtf are you talking about?
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You don't get it, absolutely.

I am pointing out that the argument against increasing the blocksize directly by changing the maxblocksize parameter, solely because today, technology dies not accommodate Visa scale upon a decentralized blockchain, is absurd. That is what the fuck I am talking about.

But of course, you know this already, and merely are pestering.