Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
by
jbreher
on 16/12/2017, 08:24:47 UTC
What do you think about the growth of the block size in the last days?

https://fork.lol/blocks/size

Great. Bigger realized blocks = greater use = greater utility.

Meh, a few spike gets you all excited? When I look at the chart below, the average block size for Bitcoin Core at it's measly ~ 1.05 MB is still outpacing BCH.

Hmm. 'All excited' may be an overstatement. I'm just saying that bigger is better. Manifestly.

Bitcoin Core better hope that realized Bitcoin Cash block sizes stay small. For should they exceed on average, that would demonstrate that world+dog is getting more utility out of Bitcoin Cash than it is out of Bitcoin Core. And you know what that means...

Adoption is important but a few spikes in KB per block is not the best measure of it. Number of nodes is still quite steady imo.

Bitcoin Cash is not going to have a lot of full nodes if things go their way. In order to scale anywhere close to Visa, on chain, as appears to be their goal, a enterprise would need access to equipment capable of storing at least 56 TB of data per year. Probably at least quadruple that, since you want to properly index the data and have proper back ups. A casual user would need to run an SPV client.

For the umpteenth time - Bitcoin Cash has no reason to support Visa-scale transaction volume until such time as demand for transactions reaches Visa scale (is that a tautology?). If we somehow hit that next year, I'll be more than happy to store 56 TB of data that year. Of course, even in the most wildly optimistic scenario, Visa-scale demand is still several years off.