Unlike your opinion, hardware evolves you know
That's very cute, but it's not an adequate response. Firstly, yes, hardware evolves. At what rate over time, and when does the exponential trend end? We don't know. Moore's Law is an unscientific observation -- a theory -- and one that is breaking down:
http://thenextweb.com/insider/2015/07/16/intel-quietly-admits-that-its-struggling-with-moores-law/Further, if block size capacity is inadequate, it is linked to growth in transaction volume and thus, network adoption. Why is this [unproven, unscientific] theory regarding growth in processor capacity being used as a basis for predicting bitcoin adoption? It's already quite a leap to say that growth rates in processing capacity are uniformly applicable to
all technologies.....But then to try to take it much further even, and apply that logic to a network
of people? Very basic logical failures.
Those who act like we can plan for all contingencies today in regards to hardware and bandwidth advancements, network security in the case of exponentially increasing block size, any the many problems that
will come along whether we have thought of them or not are fooling themselves. It seems many fancy themselves visionaries around here -- but I don't see the foresight to warrant it.
if we would have 8GB blocks right now you can have that:
- run your own node on a server (eg hetzner 50€/month+300€ traffic)
- run electrum-server there
- use electrum from home to connect there
which basically means it is possible RIGHT NOW.
eg even if you think that bandwith doesnt change for the next years at all bitcoin would still be usable.
ofc not anybody could afford 350€/monthly. but they might just use spv clients
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