News for hackers. Stuff that matters.
Re:The problem with Bitcoin miners by FabHK on Sunday May 15, 2022 @03:32PM (#31390283)
> Blocks (Block size) and transaction fees will grow exponentially

Currently, the blockchain is 405 GB and grows by about 5 GB per month. In your proposal, that will go up exponentially?

Re:The problem with Bitcoin miners by intabli on Sunday May 15, 2022 @03:36PM (#31390314)
My proposal? I won’t take credit for Satoshi’s work, it was his proposal:

https://satoshi.nakamotoinstitute.org/posts/bitcointalk/485/

Re:The problem with Bitcoin miners by stickfigure on Sunday May 15, 2022 @03:49PM (#31390435)
You either misunderstood the parent or are being deliberately disingenuous.

He/she asked, in effect: How do you plan to deal with the blockchain growing exponentially instead of linearly? And how much acceleration do you think is reasonable?

Re:The problem with Bitcoin miners by intabli on Sunday May 15, 2022 @03:52PM (#31390471)
I needed to clarify that it wasn’t my proposal, as to how to gradually approach this, test nets are already deployed on many of the uncapped networks, I believe you’ll enjoy this great presentation by Peter Rizun and Andrew Stone, they’re far smarter than I’ll ever be: https://youtu.be/5SJm2ep3X_M
Re:The problem with Bitcoin miners by FabHK on Sunday May 15, 2022 @03:53PM (#31390478)
Strictly speaking it wasn't his, it was the originator of that thread, jgarzik, and satoshi replied "We can phase in a change later if we get closer to needing it.", which doesn't strike me as a ringing endorsement.

At any rate, the suggestion was for one increase, not an infinite sequence of increases, which your suggested exponential growth amounts to.

Re:The problem with Bitcoin miners by intabli on Sunday May 15, 2022 @04:07PM (#31390582)
One increase every time its theoretical limit is approached, which becomes exponential as transaction growth becomes exponential.
Re:The problem with Bitcoin miners by imtringued on Sunday May 15, 2022 @06:18PM (#31391698)
If it doesn't, then Bitcoin is dead. It has no future.