Bitcoin Forum

http://www.washingtonpost.com/blogs/the-switch/wp/2013/11/12/bitcoin-needs-to-scale-by-a-factor-of-1000-to-compete-with-visa-heres-how-to-do-it/

 :)

You mean the slaughter is well underway, when Bitcoin fails under load.

johnybigs.. just go silently into the night, and return to the labcoin thread you dearly love.. your constant "bitcoin gonna die" chatter is getting boring now..

Seriously, do you guys ever stop?  I've been hearing this same crap since 6 cents per bitcoin.

OMG, bitcoins were only six cents each? Next I will be hearing crazy things like that you could just mine them with a regular computer.  :o

My nephew mined three blocks in a row with a laptop, but that's been a while.

Sadly, its not just johny bigs if you look at all the other threads most of them are about bitcoin dying.  Bitcoin has no future if the influx on truly new alternatives to it, and the fact it has massive scaling issues which are still not addressed to this day its days are numbered.

Imagine mass adoptiom that would give us GBs of block chain a day, it's ok says Gavin you can just run a lite version, that's great so then the proper blockchain will be centralized on a few servers, maybe the NSA can help to store 100GB worth of data a day.

It can still go up way more but it wont be the leader in a few years.

That's been going on for as long as I've been here.  The bears have always been with us, the bears will always be with us.


Bitcoin's issues of scaling have been known from the beginning, and so have the solutions.  Bitcoin's blockchain was never intended to be the ledger for the entire world's daily transactions.  Off-network/out-of-band transaction processing is inevitable, and expected.  It's the primary reason that free transactions are part of the protocol, not as a form of miner charity.  Miners can be paid for bulk transaction processing 'out-of-band' for on-network transactions in many ways, and parrallel settlement networks that deal with lower value/lower risk transaction off of the main bitcoin network are already under development.  Stratum is one such network, although off-network ttransactions are not it's primary focus.


If you say so.