Quote from: MicroGuy on August 12, 2017, 01:05:22 AM

Quote from: CoinaDay on August 12, 2017, 12:39:43 AM

Quote from: MicroGuy on August 12, 2017, 12:28:34 AM

This ....

"Bitcoin can already scale much larger than (Visa) with existing hardware for a fraction of the cost. It never really hits a scale ceiling." ~ Satoshi

Yeah, that is interesting. My guess would be that he's saying a single node could operate at that scale for less than the total operations of Visa. That could be true.

As for the "scale ceiling", I think he's arguing that there isn't a quadratic (or higher) growth in cost. Which I think is also probably true in general. I haven't seen a convincing argument against it at least. I'm aware of the quadratic cost in signatures, but that's as the size of a transaction grows rather than as the number of transactions go.

Really a very different perspective than certain key developers today who emphatically claim that 8MB is scary and dangerous.

Here Satoshi breaks it all down during a discussion of client-only mode. https://pastebin.com/wA9Jn100

It seems he liked to keep things simple, rather than the current trend of increasing complexity. Wink

But simple things do not need much control... so what should devs do?