So they want to hardfork Bitcoin - page 3.

matt4054

legendary

Activity: 1946

Merit: 1035

Quote from: Pecunia non olet on January 10, 2015, 06:59:23 PM

Centralization, you unable to store the complete blockchain. 20MB blocks.

May I remind (or teach) you that as long as there aren't more transactions trying to get into the blockchain than it can accommodate, the size of the blockchain will NOT be affected by the max. block size? i.e. it's the total number of tx that matters, and not how they are spread across the blocks?

Did you understand that 20MB is a maximum and not a nominal size for each block?

Quote from: Pecunia non olet on January 10, 2015, 06:59:23 PM

Hardfork without consensus on it. Risk a split of the network. What's going to happen next?

So what exactly is Gavin trying to do if not trying to reach consensus with his blog post?

Did you read it? Did you fully understand it?

poncho32

sr. member

Activity: 316

Merit: 250

Quote from: Melbustus on January 10, 2015, 07:32:21 PM

Oh, stop. Read Gavin's actual post: http://gavintech.blogspot.com/2015/01/looking-before-scaling-up-leap.html

In the comments he notes that current thinking is to propose that blocksize doubles every 2 years for the next 20 years. Moore's law (compute power) and Nielsen's law (bandwidth) should outrun it, so cheap/home machines in the future will be MORE able to process bitcoin blocks than they are now.

Also, Satoshi intended for the blocksize to be raised, for those of you who consider the ethos of the early days to be inviolate:

Quote from: satoshi on October 04, 2010, 02:48:40 PM

It can be phased in, like:

if (blocknumber > 115000)
maxblocksize = largerlimit

It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.

Thanks for letting me know it was Satoshi's idea and explaining it.

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Ohhhh no.. Bitcoin is gonna be worthless.

I gotta run and sell all my coins now!

Bye!

Grin

cr1776

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Activity: 4214

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Quote from: Pecunia non olet on January 10, 2015, 06:59:23 PM

Hardfork to make it bloat more! Centralization, you unable to store the complete blockchain. 20MB blocks. Hardfork without consensus on it. Risk a split of the network. What's going to happen next?

https://bitcointalksearch.org/topic/fork-off-919629

Yes, remain calm, don't listen to all the FUD.

fat buddah

full member

Activity: 336

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Get Ready to Make money.

Melbustus

legendary

Activity: 1722

Merit: 1004

Oh, stop. Read Gavin's actual post: http://gavintech.blogspot.com/2015/01/looking-before-scaling-up-leap.html

In the comments he notes that current thinking is to propose that blocksize doubles every 2 years for the next 20 years. Moore's law (compute power) and Nielsen's law (bandwidth) should outrun it, so cheap/home machines in the future will be MORE able to process bitcoin blocks than they are now.

Also, Satoshi intended for the blocksize to be raised, for those of you who consider the ethos of the early days to be inviolate:

Quote from: satoshi on October 04, 2010, 02:48:40 PM

It can be phased in, like:

if (blocknumber > 115000)
maxblocksize = largerlimit

It can start being in versions way ahead, so by the time it reaches that block number and goes into effect, the older versions that don't have it are already obsolete.

When we're near the cutoff block number, I can put an alert to old versions to make sure they know they have to upgrade.

Pecunia non olet

full member

Activity: 882

Merit: 102

PayAccept - Worldwide payments accepted in seconds

Hardfork to make it bloat more! Centralization, you unable to store the complete blockchain. 20MB blocks. Hardfork without consensus on it. Risk a split of the network. What's going to happen next?

https://bitcointalksearch.org/topic/fork-off-919629

Topic: So they want to hardfork Bitcoin - page 3. (Read 3318 times)