Quote from: jonald_fyookball on March 28, 2017, 03:07:17 AM

Quote from: AgentofCoin on March 28, 2017, 02:17:37 AM

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My distinction is that as technology advances over the 5, 10, 20, or 30 years, then we can
scale on-chain and along the way.

dude... storage costs have already decreased like 10 fold since the 1mb has been put in place -- why
aren't we then at at 10mb blocks?

This stagnation is just indefensible... and it would be insane until you realize its being done willfully by Blockstream.

Storage capability is not the problem.
The problem is broadband, processing, and etc.
The larger the blocks become the more regular people can no longer handle the data load.
We do not want people to have to build custom systems just to relay block and tx data.
No one would do that for free and would cause validator nodes to decrease and ultimately
forced to centralize around a few companies or whatever, who can handle the massive load.

The miners willing centralized in their race for hash supremacy. There is no incentive for
validator nodes to centralize, like the miners did. In fact, they should try to remain decentralized
as a checks & balances to the centralization of the miners. If both systems become fully centralized,
then Bitcoin fails IMO. Everything then becomes a big scam for dumb investors and noobs.

If we can slow the on-chain scaling to bumps over time, by 2055 we can have people at home
validating with their normal computer systems while also using bitcoin as the currency that
Satoshi envisioned, IMO.