Post
Topic
Board Bitcoin Discussion
Re: Bitcoin network jammed?
by
squatter
on 05/12/2018, 23:22:49 UTC
the only thing bad about bitcoin is the lack of development. the developers want people to think bitcoin is bad because they have $$millions involved in promoting other networks

Who is promoting other networks?

the same developers shouting blockchains cant scale and LN is the future.
i say if a bitcoin dev cant develop bitcoin. then they need to move out of bitcoin contributing and move into LN contributing full time. and to fully stop putting code into bitcoin that is only being added to make bitcoin compatible with alternative networks

bitcoin devs should be bitcoin innovation devs. not alternative network promoters and converters

Pointing out the scaling limitations of blockchains =  promoting other networks?

In truth, blockchains don't scale well. Adding exponentially more throughput to the mainchain would encourage mining centralization to sidestep latency problems (or otherwise cause high orphan rates and regular unintentional forking) and would discourage full node operation due to bandwidth requirements.

Sharding is one approach to solving this problem. Offchain payment channels are another. Tree chains are another. Why do you think so many people are working on ways to achieve exponential scale? Because blockchains can't do it. They scale linearly, which is extremely limiting. The Core developers have done a great job optimizing for better scale, but there's only so much they can do.