Do you know why Bitcoin processing speed is not increased? The answer is here!!

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Haticem on June 23, 2018, 12:29:51 AM

This post is quite interesting. I did not know that. Sounds like a logical explanation.

It sounds like total bs from a guy that doesn't know a thing about BTC

Quote from: SerkanD82 on June 22, 2018, 04:20:00 PM

Another important reason is that China's internet capacity has a very low rate due to state restrictions and censorship, and this rate is getting worse with mobile phones. Since miners in China know that the rest of the world will not be able to compete with the faster internet connections they have, they prefer to adjust the capacity according to their own internet speeds....

Since the other part was already addressed, I'll just focus on this one.
Internet speed has nothing to do with bitcoin confirmation speed.

Confirmation time depends on the number of transactions in the mempool and then, if multiple confirmations are required on the time between blocks.

Now, your theory is exactly the opposite of reality.
Chinese miners where actually in favor of big blocks and its big blocks have a problem with internet speed, ff the block is 1GB and your upload speed is just 10Mb then you have one hell of a problem

But, as I said Bitmain is promoting BCH so they are not concerned about internet speeds.

Pursuer

legendary

Activity: 1638

Merit: 1163

Where is my ring of blades...

the bitcoin "processing speed" is the same as always. it is 1 block every 10 minutes on average or 2016 blocks every 2 weeks which is the difficulty adjustment period. no serious proposal has ever wanted to change this.
scaling is a different argument.

Quote from: SerkanD82 on June 22, 2018, 04:20:00 PM

Friends because; developers who wanted to implement the necessary upgrades to the system were rejected.

there were a bunch of proposals to increase scaling of bitcoin, not all of them are going to be accepted. some were accepted and adopted by the whole network. it started with Segregated Witness and will be followed by things such as signature aggregation, Shnorr signatures, Second layer solutions, and possibly increasing the block size itself in the future.

saying that upgrades were not implemented is just being short sighted.

Quote

The second reason is that Chinese miners do not accept such a change. They interpret the changes that create competition as a sort of betrayal. With the change of the money distribution scheme, they are worried that the investor will not pay for it. Because of such reasons, they act as if there is no problem in the system

Another important reason is that China's internet capacity has a very low rate due to state restrictions and censorship, and this rate is getting worse with mobile phones. Since miners in China know that the rest of the world will not be able to compete with the faster internet connections they have, they prefer to adjust the capacity according to their own internet speeds....

you are digging up ancient pointless drama.

Haticem

jr. member

Activity: 268

Merit: 4

This post is quite interesting. I did not know that. Sounds like a logical explanation.

SerkanD82

jr. member

Activity: 84

Merit: 1

Friends because; developers who wanted to implement the necessary upgrades to the system were rejected. The second reason is that Chinese miners do not accept such a change. They interpret the changes that create competition as a sort of betrayal. With the change of the money distribution scheme, they are worried that the investor will not pay for it. Because of such reasons, they act as if there is no problem in the system

Another important reason is that China's internet capacity has a very low rate due to state restrictions and censorship, and this rate is getting worse with mobile phones. Since miners in China know that the rest of the world will not be able to compete with the faster internet connections they have, they prefer to adjust the capacity according to their own internet speeds....

Topic: Do you know why Bitcoin processing speed is not increased? The answer is here!! (Read 167 times)