Post
Topic
Board Bitcoin Discussion
Re: [self-moderated] Is LN Bitcoin? franky1: About scaling, on-chain and off-chain
by
franky1
on 26/01/2022, 00:45:45 UTC
oh and the 'big block' '100mb block '2mb block" is again ignoring what bitcoin scaling is. its about transaction count increases and decreasing the fee per use.. but yea you will shy away from talking about onchain transaction increase discussions. as many LN fans always do.
I'm not shying away! Then we say the blocks stay at 1MB?
Let's say you magically get a transaction down to 10 Bytes each (impossible but let's say it).

That's 100,000 tx/block (maximum 'transaction count increase'). This would yield 166 transactions per second. Clearly not enough.

LN is not processing (166-7) 159 transactions a second. so bitcoin does not need to be 24x transaction capacity.
and also you have ignorantly tried to avoid the scaling bitcoin transactions by stating a silly 'stick at 1mb size' which is another sweep under the carpet of actual utility of space.

heres a real option.
4mb is deemed hardware safe.
so remove the cludgy code that still insists portions of data stick in a redundant 1mb space. and actually utilise the 4mb space to allow 4x transaction capacity compared to 1mb

EG the 1.5mb-2mb segwit has not yielded a 1.5x-2x capacity increase of transaction count due to the cludgy code.

if say the devs actually insist on a 2mb block (without the weight of 1mb multiple cludgy math crap) that 2mb can actually achieve 2x transaction capacity.

other things can be done too. like limit the sigops of transactions. so that a block is not filled by just 5 transactions(if someone wanted to) and instead allow more of the space to share with more users.

alo fee formulaes can be added. to punish people that 'spam' blocks with just 1confirm transaction spends. thus again allow more room for genuine people that just want to buy things once or twice a day. due to the lack of mixers/spams every block