Post
Topic
Board Bitcoin Discussion
Re: Inviting reasoned and civil criticism of my big-block position please?
by
Carlton Banks
on 03/04/2017, 23:50:45 UTC
Thank you.

Would you elaborate please what you mean by 'it doesn't scale'?

By example let's say we increase the blocksize from 1MB to 2MB, that's increasing the average amount of transactions from 300,000 per day to 600,000 per day.

So, 1MB:300,000, 2MB:600,000.

And that's the same ratio, for 1MB or 2MB. i.e. 1:3 is exactly equivalent to 2:6

So that's not scaling, the scale is identical. All blocksize increases do to change the capacity is that they change the amount of resources the Bitcoin network uses at the exact same scale, no matter how much the blocksize changes.


On the first, even with my low technical understanding, I can see that there would be sense in addressing this prior to increasing the block size. However, on technical issues, I look to see to others whose judgement I trust who have better understanding - such as Gavin & Mike - and on this I don't recollect this issue as being seen as a big problem.

I actually agreed with Gavin (but not Mike) on his 2015 ideas to improve Bitcoin's transaction capacity, except for 1 very crucial point.

Gavin had all the right ideas, except he wanted to schedule the changes in the wrong order. He wanted to increase the blocksize 1st, then bring in the changes that counter-balance the impact of blocksize increases after that. Which is odd, but Gavin expressed it pretty much that way, perhaps without even realising the logical inconsistency. He's since gone full retard though, advocating BU's aggressive destruction of the Bitcoin Core blockchain, which was particularly appalling coming from someone who made good contributions to Bitcoin in the past (and also from someone who claimed to be in favour of the free market/open competition).