Did Bitcoin just prove it can't scale?

Re:Did Bitcoin just prove it can't scale? by lawn on Saturday December 09, 2017 @05:13PM (#15888464)

Which does not take into account xthin/compact blocks which cuts down propagation time a lot. In the future graphene will further reduce the time necessary.

How you can conclude a 9min propagation delay for 8MB blocks is beyond me as miners are basically directly connected to each other. This is the only thing that matters decentralization wise.

Bitcoin Unlimited are successfully testing 1GB blocks: https://news.bitcoin.com/bitcoin-unlimited-reveals-gigablock...

[ Parent | on HN ]

Re:Did Bitcoin just prove it can't scale? by etr-strike on Saturday December 09, 2017 @05:39PM (#15888587)

Your link is a news article and not actual research. The details of their specific test are barely provided. Please provide actual research as I have provided you.

[ Parent | on HN ]

Re:Did Bitcoin just prove it can't scale? by CryptoPunk on Saturday December 09, 2017 @10:55PM (#15889787)

This overcautious, "let's test everything for 10 years before trying it" approach is exactly what Bitcoin doesn't need when it has 0.001% of world transaction throughput.

[ Parent | on HN ]

Re:Did Bitcoin just prove it can't scale? by Rmilb on Monday December 11, 2017 @04:02PM (#15900407)

Bitcoin is the conservative approach to any change that decreases the keystone of decentralization that allows it to survive. The market is deciding what it values.

[ Parent | on HN ]

Re:Did Bitcoin just prove it can't scale? by CryptoPunk on Tuesday December 12, 2017 @07:07AM (#15904965)

The market is reacting to the fact that Bitcoin is in the public consciousness, and that is a result of years of advocacy done for Bitcoin, when its advocates (e.g. Roger Ver, Coinbase, PayPal, and all of the other signatories of the SegWit2x agreement) still believed that it would scale with large blocks and thousands of transactions on-chain per second.

[ Parent | on HN ]