Post
Topic
Board Development & Technical Discussion
Re: Proposal to solve bitcoin scaling problem
by
4n0n
on 17/06/2011, 22:10:53 UTC
I don't think the pathetically low mobile data allowances will keep up with the popularity of Bitcoin - if it becomes popular, which it isn't at the moment.   I mean, let's face it, if PayPal is Visa's baby cousin, Bitcoin is an amoeba.

The question is, does Bitcoin scale to 1,000,000 times the transactions it has today?  Clearly not, as a retailer who has been waiting now 20 hours for his first purchase of Bitcoin currency to come through, the current system has to be improved let alone the future version. 

Whether or not the OP's suggestions require a "major change" to the protocol or not, the reality is that it improvements need to be made and that Moore's Law does not apply to bandwidth - especially on mobile devices.