kylelee99
I think it's because we have different expectations for the future and our understanding of Satoshi's design is different.
When the first 10MB block was created, even when the 100MB block was created, people still did not believe it.
For now, 1-2 GB blocks are created. Nothing has changed. If a 1TB block is created and processed without problems, would it be acceptable? I think maybe not.
And even if 10TB and 100TB come into existence, there will still be people who believe that scalability is impossible. But by then, it seems that we are already using it widely.
Thank you so much for not treating me as a scammer.
PS. I was delighted to discover so many new things through discussion with you.
Your and my predictions for the "happy-path scenario" are different. BitcoinSV is empirically demonstrating that it can be expanded according to Satoshi's design. Still, most people, including you, don't seem to want to see it.
Satoshi designed and made predictions. I hope that you will see it without prejudice that it is now a reality.
Finally, I would like to thank you very much for all of your patience, listening, and replying.
Your and my predictions for the "happy-path scenario" are different. BitcoinSV is empirically demonstrating that it can be expanded according to Satoshi's design. Still, most people, including you, don't seem to want to see it.
Finally, I would like to thank you very much for all of your patience, listening, and replying.
Bitcoin’s block reward converges to zero. Miners need incentives to existing. The TX fee, which will replace the block reward, exists only when the big block is processed.
The cost of disk storage continues to drop. Miners do not necessarily need to store all data. Please refer to Chapter 7 of the White Paper. I expect that the service to store all data will be provided by another specialized company.
Miners eliminate double-spending attacks according to their own interests. For this reason, I referred to as a police officer.
What do you think are the benefits that a small number of miners can achieve by forming a cartel? Isn't it just an effort not to put a specific TX in a block? Or they reject blocks of honest miners.
Competition from a handful of specialized honest miners prevents double-spending attacks. They handle larger TX with lower fees. This is a completely different form of storage from centralized data storage. Because you don't have to depend on anyone.
All of this was what Satoshi expected. He designed Bitcoin like this.
Thought Bitcoin as a Protocol set in stone for its lifetime “The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.” (June 17, 2010) Source: https://bitcointalk.org/index.php?topic=195.msg1611#msg1611
Predicted the emergence of server farms with specialized hardware “The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.” (July 29, 2010) Source: https://bitcointalk.org/index.php?topic=532.msg6306#msg6306
1MB block size limit should be temporary because it would never scale “Satoshi didn't have a 1MB limit in it. The limit was originally Hal Finney's idea. Both Satoshi and I objected that it wouldn't scale at 1MB. Hal was concerned about a potential DoS attack though, and after discussion, Satoshi agreed. The 1MB limit was there by the time Bitcoin launched. But all 3 of us agreed that 1MB had to be temporary because it would never scale.” (Feb. 7, 2015) Source: https://bitcointalk.org/index.php?topic=946236.msg10388435#m...
Thought massive on-chain scaling would be possible at low cost, and now it is “Visa processed 37 billion transactions in FY2008, or an average of 100 million transactions per day. That many transactions would take 100GB of bandwidth, or the size of 12 DVD or 2 HD quality movies, or about $18 worth of bandwidth at current prices. If the network were to get that big, it would take several years, and by then, sending 2 HD movies over the Internet would probably not seem like a big deal.” (Nov. 3, 2008) Source: https://satoshi.nakamotoinstitute.org/emails/cryptography/2/
Transactions will be processed within 10 seconds on snack machine “I believe it'll be possible for a payment processing company to provide as a service the rapid distribution of transactions with good-enough checking in something like 10 seconds or less.” (July 17, 2010) Source: https://bitcointalk.org/index.php?topic=423
Miners can mine larger blocks to increase their ROI.
I strive to provide sufficient answers to your questions. Please understand even if my English is not good.
Perhaps the biggest misconception about the Bitcoin network is that miners think they can change the rules.
Satoshi's designed the Bitcoin protocol to be immutable.
Therefore, miners only follow the rules according to their own interests. And it's the police who verify if other miners or users are breaking the rules.
If they can't change the rules, there's no profit for some miners to collude. They can try to get in the way with money, but to no avail.
In order to scale to a large scale, it is natural to specialize. ISPs are few in the world, but We are not saying they are centralized.
This is because it only serves its role according to the Internet protocol.
This is not an obsession with Satoshi. Since we are using what Satoshi made, we check whether it works by itself.
Satoshi fixed the protocol, and I think he is right if scaling were made from the fixed rules.
And the real expansion is taking place.
This type of graph is called a mandala network. https://www.nature.com/articles/srep09082
https://bitcoinblocks.live https://whatsonchain.com
There is no problem with practical use. Once you know "peer-to-peer transaction protocol," you will understand that it can work without any problems. https://blog.moneybutton.com/2020/03/30/handcash-and-money-b...
This was Satoshi's original Bitcoin design and is the key to the scalability solution.