Bitcoin Fall Extends to 25% as Fears of Crackdown Linger

Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by slindz on Tuesday January 16, 2018 @07:29PM (#16164335)

GB blocks are basically ready with today's hardware though the need is years out. It won't be long before TB blocks can say the same, testing is underway.

Current prevailing theory in BCH land is the block size is an unnecessary hinderance, and will likely be gone in the next 18 months.

Exciting times!

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Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by jstanley on Tuesday January 16, 2018 @07:44PM (#16164458)

> GB blocks are basically ready with today's hardware

What are you smoking? Even 1GB blocks would be 144GB per day of blockchain growth. You can't expect people to tolerate that kind of disk usage, let alone bandwidth.

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Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by dang on Wednesday January 17, 2018 @02:11AM (#16166081)

This breaks the HN guidelines. Commenters here aren't allowed to attack others no matter how wrong someone is. Please read https://news.ycombinator.com/newsguidelines.html and don't do this again.

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Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by imtringued on Wednesday January 17, 2018 @04:45AM (#16166691)

7000 transactions per second is a lot of of data. If you're keeping history then you cannot store 4200000 transactions per 10 minutes in less than a 1GB block. The problem isn't the blocksize. The problem is that traditional blockchains grow indefinitively and keep onchain data forever.

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Re:Bitcoin Fall Extends to 25% as Fears of Crackdown Linger by slindz on Tuesday January 16, 2018 @07:47PM (#16164474)

It is possible today, thankfully not necessary.

By the time they're necessary, it'll be a lot less demanding, relatively speaking....

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