the only problem is a group of 5% that want to stay at 1MB forever.
no bandwidth problem. no storage problem.
i would like to see mass adoption. i would like to follow satoshis view of big blocks. i would like to have a permission less and cheap blockchain (cheap transactions) for everybody in the world.
https://bitcointalksearch.org/topic/why-i-will-support-bigger-blocks-and-you-should-too-1141086
Topic: What are the downsides to 8MB blocks? - page 7. (Read 5376 times)
We'll lose all our beloved 1mb maniacs.
It will solve the spam attacks problem.
And also the transactions with less fee or may be no fee will be confirmed much faster.
But on the down side, the block will take much time to propagate through the network.
So
And also the transactions with less fee or may be no fee will be confirmed much faster.
But on the down side, the block will take much time to propagate through the network.
So
The biggest downside is basically the fact that the blocksize will be bigger, therefore limiting the amount of people that can access to it, or they could still access to it but it will be slower to download it.
8MB per 10 minutes is about 13.6 KB/s. What was the problem again?
Not that I think that simply increasing the block size limit to 8MB is a good solution (I'd rather see something more dynamic) but if 13.6 KB/s is actually a problem, maybe you should fix your internet, rather than debate over Bitcoin.
Not that I think that simply increasing the block size limit to 8MB is a good solution (I'd rather see something more dynamic) but if 13.6 KB/s is actually a problem, maybe you should fix your internet, rather than debate over Bitcoin.
Miners cant wait 10 minutes to have their newly mined block trasfered to the next node.
8MB per 10 minutes is about 13.6 KB/s. What was the problem again?
Not that I think that simply increasing the block size limit to 8MB is a good solution (I'd rather see something more dynamic) but if 13.6 KB/s is actually a problem, maybe you should fix your internet, rather than debate over Bitcoin.
Not that I think that simply increasing the block size limit to 8MB is a good solution (I'd rather see something more dynamic) but if 13.6 KB/s is actually a problem, maybe you should fix your internet, rather than debate over Bitcoin.
But the idea isn't send a block of 8MB in 10 minutes
The higher the block, a few more milliseconds it takes to spread the block with a slightly higher chance of getting orphaned right?
8MB per 10 minutes is about 13.6 KB/s. What was the problem again?
Not that I think that simply increasing the block size limit to 8MB is a good solution (I'd rather see something more dynamic) but if 13.6 KB/s is actually a problem, maybe you should fix your internet, rather than debate over Bitcoin.
Not that I think that simply increasing the block size limit to 8MB is a good solution (I'd rather see something more dynamic) but if 13.6 KB/s is actually a problem, maybe you should fix your internet, rather than debate over Bitcoin.
afaik some bandwidth problem for miners(chinese) and probably the fact that 8MB is not a final solution, because you need to fork again in the future, that will arise all the same problems, that we are facing right now, for this size increase
My admittedly very limited understanding: Currently because of the limited block sizes the bitcoin network could never handle the traffic if a large amount of new bitcoin users came online and started using bitcoin. The network would be so slow that people would not have a very good experience.
The solution to this is to increase the block size to 8 MB per block allowing for many more transactions and a much faster network capable of handling an event in which a large amount of new users start using bitcoin.
I don't know of the downside though. Why are so many people against this? I don't understand.
The solution to this is to increase the block size to 8 MB per block allowing for many more transactions and a much faster network capable of handling an event in which a large amount of new users start using bitcoin.
I don't know of the downside though. Why are so many people against this? I don't understand.
Jump to: