Ninjastic
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Lauda
on 15/06/2017, 15:01:42 UTC
Quote from: Ibian on June 15, 2017, 02:58:09 PM
Waiting for his very good reason to halve the transaction volume.
He is not advocating 0.5 MB anymore. You're confused. He's supporting BIP148, i.e. Segwit which is essentially a size up to 4 MB.

Quote from: Ibian on June 15, 2017, 02:58:09 PM
Quote from: Lauda on June 15, 2017, 02:54:33 PM
Increasing the block size != improving scalability.
Of course it is. More people means more value, and right now we are at about the limit of what the network can support. It's too basic to even talk about here, or at least it should be.
No. I take it you have not studied any area of computer science? Increasing raw throughput does not mean improving scalability. This is me, talking to you, whilst ignoring the 2 MB DoS risk due to quadratic hashing time (I'll let you guess which proposal also aims to fix this but is being blocked by a cartel Roll Eyes ).

Quote from: lemmyK on June 15, 2017, 02:56:06 PM
https://arxiv.org/abs/1705.09258    
In Bitcoin, the only vulnerable algorithm (at this time) would be ECDSA. The plan is to move to Schnorr anyways and Segwit makes this move easier.
Back to price talk?