Re: Will Bitcoin EVER have a bigger blocksize? Is there hope?
Bitcoin Cash still has a block time of 10 minutes, which is makes it terrible for micropayments.
To be fair, any cryptocurrency is terrible for micropayment unless it has very fast block time (e.g. 10 seconds).Fast block time is usually achieved at the cost of security due to high orphaning risk, so that's no solution either. I wouldn't say that cryptocurrencies are terrible for micropayments, but instead that on-chain transactions are terrible for micropayments.
Or what about "will Bitcoin EVER have a smaller block size to improve the initial blockchain download/network latency, and increase the amount of full-archival nodes in the network?"
future changes can not change the past. even if block size is reduced to zero you still have to download the entire ~200 GB blockchain history to be considered a "full node".Sure, but reducing block size would still improve initial sync time vs. doing nothing at all. It will mitigate the damage we're currently doing.
Plus it would protect the longevity of the network by letting it scale out with more full-archival nodes than less. More full-archival nodes, more decentralization. More decentralization, more security.
Reducing block size does nothing but lower an already pathetic onchain transaction capacity.
It won't do anything you mentioned windfury aka nutjob.
There is only one thing that massively improves initial sync time.
And that is starting a new Genesis Block by switching to a new chain.
Anyone need to see this , look at diamond coin , they changed code bases every 2 or 3 years and start with a new chain each time.
So their chain is never more than 2 years old, and initial sync fairly fast.
Was this their intention doubtful, but a side effect of switching code bases and chains.
So someone would need to take a proper accounting of bitcoin address and amounts and create a new chain starting with a new genesis block, this would also be the easiest time to scam or steal coins if it were allowed.
So odds are if you want to speed up your sync, buy better hardware and faster internet connections or have someone sell hard drives with the blockchain already on it. (Sorry windfury, time to trash that Tandy 1000 of yours and buy something from 2017)
I knew one group that would 2 day ship a server containing all of their data already installed.
No one has matched the bandwidth of the US postal system.
