Post
Topic
Board Bitcoin Discussion
Re: Is anyone concerned about the mempool size?
by
HmmMAA
on 03/12/2023, 21:49:28 UTC
It will be impossible for anyone to have a transaction confirmed on the main chain.

This was known since the very first reply to Satoshi's announcement of Bitcoin on the cryptography mailing list: https://satoshi.nakamotoinstitute.org/emails/cryptography/threads/1/#014814


Huh ? That's what you get from his reply ?

"Long before the network gets anywhere near as large as that, it would be safe for users to use Simplified Payment Verification (section Cool to check for double spending, which only requires having the chain of block headers, or about 12KB per day. Only people trying to create new coins would need to run network nodes. At first, most users would run network nodes, but as the network grows beyond a certain point, it would be left more and more to specialists with server farms of specialized hardware. A server farm would only need to have one node on the network and the rest of the LAN connects with that one node.

The bandwidth might not be as prohibitive as you think. A typical transaction would be about 400 bytes (ECC is nicely compact). Each transaction has to be broadcast twice, so lets say 1KB per transaction. Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices.

If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.

Satoshi Nakamoto"