Topic: I don't see why big blocks are a problem, even 10 MB blocks right now aren't. - page 3. (Read 3773 times)

The benefits of non mining fully validating nodes to the network are greatly exaggerated to say the least.  They only thing they really do is help support SPV.  

Thanks for bringing that paper to my attention Lauda.  Thoroughly debunking it will be a delight just like I
trashed the SPV myths and the LN myths.  

-snip-

as for the graphic of statistics lauda has pasted several times.. does he even know maths to actually check before pasting
EG
blocks 0.5mb.....graphic shows 6.2gb daily traffic.............. (facepalm)
..........
hint: there are only 144 blocks a day you dont even need a calculator to do the maths (hint: number in graphic is out by 86 multiples)

Incoherent statements by someone who did not read the code themselves. Ironic.

Which is absolute nonsense and something which you could not possibly know.

http://bitcoinstats.com/irc/bitcoin-dev/logs/2016/01/17#l1453064029.0
20:53    phantomcircuit    Lauda, it would take ~12 days to synchronize from the wifi here at 1MB
21:04    Lauda    phantomcircuit 12 days..?
21:17    Lauda    That seems like quite long.
21:17    Rebroad    Lauda, anyway, 12 days is not a long time for someone wanting to run a full-node... I mean, what's the rush?!
21:17    Lauda    That's almost half a month.. it is long to set up one.
21:17    Rebroad    Lauda, yes, but why the rush?
21:18    belcher    time is money
21:18    Lauda    Exactly.
21:18    Rebroad    belcher, running a full node doesn't make money
21:18    belcher    Rebroad if you're using bitcoin instead of some other currency, presumably its valuable to you
21:18    Lauda    You lose money waiting.
21:18    belcher    it doesnt make you "money" per se but theres still economic value in it
21:18    Rebroad    Lauda, how would you lose money?
21:18    Lauda    If you're paying for a VPS
21:19    Lauda    12 days of lost money.
21:19    Rebroad    Lauda, if you're running a full node, it'll cost you the same to run it no matter how long it takes to download the blockchain
21:19    Lauda    Imagine compiling code that takes 12 days instead of 1?
21:19    Lauda    No time lost?
21:20    Rebroad    Lauda, belcher, I don't think you understand what motivates people to run full-nodes
21:20    Lauda    ...
21:20    Lauda    you're weird.
21:20    Rebroad    Lauda, you've still now answered my question. Rush to do what?
21:20    Lauda    Time is valuable, time should not be wasted unless necessary.
21:21    Rebroad    Lauda, you could argue that running a full-node IS a waste of time... it's either a waste of time to run it, or it isn't... but running it involves downoading the blockchain.. it's part and parcel of running a full-node
21:22    Lauda    I wouldn't bother setting up a node that takes 12 days to set up.
21:22    Lauda    No way.
21:23    Lauda    Imagine a situation where user has no full node, they need it for reason X to use Y
21:23    Lauda    so wait 12 days before using it?

If anyone is an expert here, it ain't you, nor the duo of j-degenerates.

Well, then you should have no problem disproving at least one portion of what I typed with evidence of facts and reasoning therefrom. Instead, all you've got so far is platitudes.

https://twitter.com/TuurDemeester/status/881851053913899009

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Do you want a peer-to-peer network, or a proxy-to-proxy network?

Which is absolute nonsense and couldn't be further from reality.

-snip-

First, you seem to not understand the _actual_ cost of running a non-mining, fully validating wallet. See my previous reply above. Second, your cheap skinflint demand to get a free ride by crippling the Bitcoin network is crippling the Bitcoin network. Your so-called 'contribution' to Bitcoin network security is a net negative.

dont worry about lauda. he admitted last year that he hasnt even read a line of code, and also doesnt know how long it takes to sync to the network.

i believe he runs a node using amazon server and wants to cry about the cost of bandwidth (amazon subscription costs) but has no clue about computer costs, stats, utility.

he tries hard to sound like an expert who cough gets paid to consult cough. yet loves penny grabbing his sig campaign schemes and charging people for things they can do themselves.

Who are you, to force me to pay half a Bitcoin, to achieve financial sovereignty?

Leave this forum and Bitcoin,

Stats from my node :

- limited to 25 connexions (working days)
- 3Gb per day (upload blocks to others in sync. job)
- Less than 1Gb per day if not (week-end, for example ... fall to 15-18 connexions)
- core 2 duo 2,9GHz (less than 15% of CPU) + 2Gb RAM
- full node (260Gb partition allowed)
- 7 years old machine (780 USD price, same machine now = 480 USD)

That's why i want SegWit and not a Block increase.
Block increase is an idiotic solution with the developper brain possibilities.

"Crappy telephone copper wire"? What has this got to do with anything? It is very clear that you have no idea what you're talking about and there must be a reason for the low number of inbound connections. A true and longstanding node will easily hit the default cap of 125 connections. If you have optic fibre (100 or 1000 Mbps upload speed), then you should be spending at least several TB of bandwidth per month (not 1 GB per day).
Either your IP is dynamic or something else is limiting your Bitcoin node.

"I am comfortable with $100 fees. Based on my experience, I can not fathom why others are complaining about $5 fees." - Do you not see how statements like this yours are fundamentally flawed?

well lets take copper wire ADSL that the UK averaged a DECADE ago

0.5mb upload(2mb down)

0.5mbit/s = 5.4 GByte daily UP
2mbit/s = 21.6 GByte daily down

because of bits to bytes and then 1second to 24hours.. easy maths is to take whatever mbit speed you have and multiply it by 10800 to get the mbyte per day
(x / 8 * 60 * 60 * 24)=10800

thats mbytes per day.. or more simply multiply your xmbit per sec by 10.8 to get gbytes per day...

so say you had 1mb up on fibre
10.8gbyte of data can be sent from your pc per day

I have no idea of my bandwidth (don't check at all) as i have optic fibre in UK and not some crappy telephone copper wire that other internet services provides. Mine has no cap at all, unlike other internet services. I download all my favourite TV programs as i don't have 18 to 20 minutes per hour to waste on watching adverts. My network traffic on my wallet shows the usual download of new blocks but sending out more, roughly 1gb daily. I have the usual 8 outbound and on average 5 inbound (tends to fluctuate as my wallet auto banned some inbound connections for some reason)

Based on my experience, i can not fathom why others are complaining.

OK, fair point.  However, poorly interpreting (or being hyperbolic about) your wording is not the same as actually lying and acting like Lauda said the exact opposite of what they did.
Offchain first.  It doesn't mean people should do all of their transactions offchain, it just means that for microtransactions offchain transactions are necessary, and that it's important to be as efficient as possible before raising the block size.

It was never actually practical to walk into a coffee shop and do a zero-confirmation transaction.  You can either do that zero-confirmation and have the merchant risk not getting their money, or you can stand there saying "hang on, just a few minutes", until your transaction gets confirmed.  That's the scenario that needs offchain transactions.
Not at all comparable to altcoins, nor is raising the block size through a hard fork IMO.
It's the same cost to spam the same amount of space.  Neither SegWit nor block size increases would actually mitigate spam very well.  If they wanted to fill the whole block I recognise that it would be more expensive, but it's still not very expensive to do that.

The point is that a higher block size means there's more space in which it's possible for someone to spam and put strain on node users.

I have no idea of my bandwidth (don't check at all) as i have optic fibre in UK and not some crappy telephone copper wire that other internet services provides. Mine has no cap at all, unlike other internet services. I download all my favourite TV programs as i don't have 18 to 20 minutes per hour to waste on watching adverts. My network traffic on my wallet shows the usual download of new blocks but sending out more, roughly 1gb daily. I have the usual 8 outbound and on average 5 inbound (tends to fluctuate as my wallet auto banned some inbound connections for some reason)

Based on my experience, i can not fathom why others are complaining.

Read before posting.

Where is written 'only banks' ?

Once you could point me to, pls explain why you want people do the txs rather off-chain than onchain? Since this will be the result of your order, correct?

And if you got that, than tell us, how far is that away, from moving people into alts directly?

Last, what do you think is more expensive, spamming 1MB blocks or 2MB blocks up to the limit?