Re:Did Bitcoin just prove it can't scale?
by KirinDave on Saturday December 09, 2017 @04:44PM
(#15888336)
Why?
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Re:Did Bitcoin just prove it can't scale?
by etr-strike on Saturday December 09, 2017 @05:01PM
(#15888421)
Why what? Why does increasing block size increase propagation delay? Here’s the research paper on it: http://www.tik.ee.ethz.ch/file/49318d3f56c1d525aabf7fda78b23...
Tl,dr: each additional kB after 1mb adds an additional 80ms in propagation delay. It’s not just bandwidth that’s the problem. Nodes need to validate the block, then communicate that block to other nodes who also need to validate. Big blockers are drinking Roger Ver koolaid. The man doesn’t even know how to program, yet has convinced an army of redditors he knows best.
Re:Did Bitcoin just prove it can't scale?
by rrix2 on Saturday December 09, 2017 @05:25PM
(#15888512)
> Why what?
why does increasing propagation delay lead to centralization?
Re:Did Bitcoin just prove it can't scale?
by etr-strike on Saturday December 09, 2017 @05:59PM
(#15888689)
Because miners on the other side of the world don’t hear about the latest block until much later than other miners? Miners who hear about it first get a head start mining the next block. If the delay is significant, you get a single mining cartel.
Mining a block is suppose to be a lottery, not a race.
Re:Did Bitcoin just prove it can't scale?
by mr_spothawk on Saturday December 09, 2017 @07:24PM
(#15888982)
Thanks for the clarification here. I've read a lot of your comments today, and this is the first time I've understood your point.
I've learned a lot, btw... so thanks for that too.