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A comment on Vitalik Buterin Has Left VC Firm Fenbushi Capital. Parent comment

Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital by elmar on Monday January 15, 2018 @07:34PM (#16154816)
Well if Bitcoin Cash gets to VISA level transactions quantity they will have around 1GB block every 10 minutes, who will be able to run a full mining node?, 2 to 3 corporations worldwide, probably centralized in some geographical region for lower communication latency.
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Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital by ta30001 on Monday January 15, 2018 @08:29PM (#16155081)
Using a 3TB, $70 drive from NewEgg as an example, HDD costs for full 1GB blocks would be $3.36/day, today. Surely more than 2-3 corporations can afford that.
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Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital by nikcub on Monday January 15, 2018 @09:43PM (#16155386)
The RRP of a terabyte of hard drive on NewEgg has almost nothing to do with the cost of provisioning an additional reliable terabyte of datacenter storage + IOPS
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Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital by zik on Monday January 15, 2018 @11:09PM (#16155753)
The "Gigablock Initiative" presented at the recent "Scaling Bitcoin" conference tests exactly that. They found that Bitcoin Cash can easily scale on chain to VISA levels using standard desktop machines.

https://news.bitcoin.com/bitcoin-unlimited-reveals-gigablock...

The same would apply to Bitcoin scaling on chain.

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Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital by seanalltogether on Tuesday January 16, 2018 @09:11AM (#16158238)
Well 3 organizations already control more than 51% of bitcoins mining, I'm sure they're already optimizing communications between each other.

https://blockchain.info/pools

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Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital by mrep on Monday January 15, 2018 @08:14PM (#16155024)
Easy peazy. Just convert each node to a cryptographic sql server. Once that reaches its limit, use a multinode nosql/newsql pocket cluster.

Most people already have the compute, memory, storage, and network infrastructure to support that nowadays.

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Re:Vitalik Buterin Has Left VC Firm Fenbushi Capital by stale2002 on Monday January 15, 2018 @09:54PM (#16155431)
Right now it costs 5$ a month to run a bitcoin node, and blocks are 1MB.

Multiply that by a thousand to get 1GB blocks and it will cost 5000$ a month to run a node.

Sure that's not a home Internet line, but it is a far cry from "2 or 3 corporations".

If you had said "10 thousand corporations" you'd be closer to the truth.

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