@jonhbit What are you thinking, like meshnets / bitsats?
@gavinandresen Gotcha; it doesn’t seem a perfect comparison since it’s not a consensus DB; there are workarounds. https://t.co/3x4h3l2qpE
@deadalnix You mean remove the block size limit? Performance characteristics & thus resource cost are result of work by Bitcoin devs.
@_drgo Or should it be based upon the benefit to the average user (amount stored / transacted?)
@realSimonBurns @gavinandresen Big concern seems to be that demand that exceeds capacity changes the economics of using the network.
@sylvandb Cost of running a node is the question I keep coming back to with regard to scalability debate: https://t.co/4XYdmZr0mW
@fredzannarbor @_drgo Because disk space, CPU, RAM, bandwidth, electricity, etc are not free.
What should we target as the acceptable cost to run a full Bitcoin node? (for “other,” please reply / heart replies)
@gavinandresen Sure, but only BGP tables are a shared resource & their growth is limited by IP address space. https://t.co/BaQsGhMujf
@pierebel Digitizing consciousness ought to achieve the same effect :-)
“Life” goals:
1) Extend bio lifespan 10X
2) Digitize self into galactic mesh network
3) Escape heat death of universe into parallel universe
@gasull Sure; larger blocks will affect the fee market, though I’d bet that any new cap will eventually be hit & cycle will repeat.
@mikeinspace I consider a PC “slow” when I have to wait a perceptible amount of time for it to accomplish something; I still do it a lot.
6) This brings us to the debate over fee markets and whether they are necessary at this point in time.
GOTO 1
5) There is no objective way of categorizing which use cases belong on the blockchain and which don’t; we let the market decide via fees.
4) Think of it in general terms of PCs. My PC 20 years ago was slow. My PC today is still slow. More complex software uses more resources.
3) This is because there is no such thing as “enough computational resources.” Developers will use all resources available to them.
2) As long as Bitcoin is backed by machines with finite resources, there will be contention over their use and availability.
1) The first step to finding inner peace with the Bitcoin block size debate is realizing that it will never end.
@kristovatlas Maybe they lost it or already blew it on dice games and dark markets.
Leapfrogging in the opposite direction, it seems.
“RSCoin would be a tool of state control”
https://t.co/FjA5iluIE8
20% polled think ether will be a store of value.
20% of ether holders are using it for non-speculative purposes. pic.twitter.com/fs1PBM0dXS