Re:The senatorial governance of Bitcoin: making (de)centrali...
by tapland on Monday January 06, 2020 @10:06PM
(#21976407)
I didn't know it was that bad. That couldn't scale to a small city =/
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Re:The senatorial governance of Bitcoin: making (de)centrali...
by trickstra on Tuesday January 07, 2020 @08:05AM
(#21979542)
Don't listen to him. The whining about small blocks is just a narrative BCH folks want to push. Yes, it's true that currently bitcoin blockchain processes about 7 transanctions per second. But mempool is almost empty, 1sat/byte transactions go into next block - there really isn't any pressure to make blocks bigger right now. No emergency. And making blocks bigger comes with a big risk of spammers, so if we have other alternatives, we should take them. By the time people need much more than 7 transactions per second lightning will be fully usable, so there really isn't any problem.
Re:The senatorial governance of Bitcoin: making (de)centrali...
by once_inc on Tuesday January 07, 2020 @04:57AM
(#21978506)
That is the price to pay for decentralization. That said, further optimizations will increase the number of transactions per block, and second layer solutions can scale bitcoin to a vastly larger size.