Post
Topic
Board Bitcoin Discussion
Re: hypothesis: BU motivations (NO PROOF)
by
Wind_FURY
on 31/03/2017, 03:36:16 UTC

That does not compute. I have just read that the 1MB maxblocksize was added as an anti spam measure. We all know that the flooding of the mempool is because some group is spamming the network, so if we hard fork to an 32MB maxblocksize and some other group is not happy and decide to spam the network that will lead to more blockchain bloat.

It would become pretty expensive to bloat a blockchain that had 32mb blocks.  Let's say a transaction is 0.5 kb, that's 2048 x 32 = 65,536 transactions per block.   At a nickel a transaction, that would be $3276.80.  That's just for one block.  That's $19,660.80 an hour, and $471,859.20 a day.  




But it is still hypothetically possible. Why not maintain the small maxblocksize as an anti spam measure and create an offchain transaction layer built on top that anyone is free to use.

I want to ask you, if Blockstream was not involved in any of this, are you open to a smaller maxblocksize and an offchain transaction layer for Bitcoin? Honestly.