Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's Block size limit
by
aretebit
on 11/09/2017, 12:40:44 UTC
Basically, every full node of Bitcoin network is doing the same work as any other payment processor like Visa or Mastercard - validating and keeping record of transactions. The difference is that those companies have powerful servers, while Bitcoin users have their home computers. Satoshi thought that computer technology and demand for Bitcoin's capacity will be growing hand-to-hand, so when more people will want to send bitcoins, Bitcoin users will have more powerful computers to process new transactions. He was clearly wrong, because even now it would be very burdensome to process higher amounts of transaction on your home computer. Also, he didn't take into account the fact that demand for transactions will be also growing, as more people are joining global economy, and as people move away from cash.

You are talking a load of crap. My computer CPU barely use more than 1% of my CPU and spikes to 3% to 5% when a block is received. Computer technology is way way way ahead of bitcoin. Satoshi knew what he was doing.

Is not the cpu, is the bandwidth and disk space.