<tinfoilhat>   </tinfoilhat> |
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There seems to be sort of a deer-in-the-headlights thing going on with the scalability issue.
I just installed a new client last night and it ran for 8 hours, and that is on a high-end machine with a high-bandwidth FIOS connection. The btc network is rapidly reaching the point where new installs will be impractical and this could be the case within the year or even within months.
It seems that the majority of suggestions (and that is what they are at this point, suggestions) to fix this is to use a trusted mechanism which defeats the whole purpose of P2P. Hello, folks, this is not DigiCash and we are not going to bring DigiCash back. I think we should be pretty clear about this: NO TRUSTED NODES. If we install trusted nodes, that will be exactly what the Schumers will go after to shut the network down.
I saw some forum post claiming the bible considered this problem and described how to address it, but I just re-read the bible again and there is no such solution, unless you are referring to the idea of transaction pruning to headers. Transaction pruning will do nothing. It is an arithmetic order solution to an exponentially increasing problem. If you were to implement some elaborate pruning scheme, you would not even notice the difference.
To make this work we need to have a way to P2P verify millions of transactions per day. We need to go beyond the existing technology and come up with something fundamentally new to solve this problem.
Thank you Blinken, my thoughts exactly. I think we should have a section dedicated to discussing scalability. The trouble is bitcoin is becoming a cult. It is a sin to question the sacred protocol. If you do you will be derided as either a fool or as an agent of fear, uncertainty and doubt. |
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I have a question.
Would a coin with a variable reward, based on hash rate, be a more stable currency than bitcoin?
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From what I understand Metro bank has not given Intersango a time scale, so they are not able to give any extra information to their customers.
Banking issues are an ongoing problem for the bitcoin community.
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However, I maintain that we are all responsible for our own decisions. If you are faced with the choice of buying a shine new car or preventing someone's slow and agonising death. You are not only responsible for the choice but also it's outcome. Then who should buy shiny new cars? You can buy a shiny new car if you like. But you are still responsible for the consequences of your decisions. |
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I live in a capitalist country, and I'm going to assume you do too. We are bought up to be selfish and greedy, it's what drives capitalism, so the concept may sound a little strange. But, if in the future you don't have the money to pay for your medical expenses then it is the responsibility of others to pay them.
You weren't brought up to be selfish and greedy, you were born that way. That is why capitalism is successful: it has a proper understanding of human nature. That is why socialism is an utter failure: it is fundamentally flawed at its root. It can never succeed because it depends on human beings to be angels which they aren't. Without the incentive to produce most people won't. I agree, all species and individuals are ultimately selfish, and capitalism is successful because of material rewards and the incentive to survive. However, I maintain that we are all responsible for our own decisions. If you are faced with the choice of buying a shine new car or preventing someone's slow and agonising death. You are not only responsible for the choice but also it's outcome. |
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Yogi, do you think Ayn Rand should have collected Social Security?
If Ayn Rand was hungry, then I would feed her. |
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Ability is responsibility, if you are able to save another's life without endangering yours, and you do nothing, then you are responsible for their death.
If I can extend my life by saving money for future medical expenses, then does spending it on someone else count as endangering my life? It's a social contract, others are also responsible for you. That just confused me even more.  Is that a yes or a no? That's a no. I live in a capitalist country, and I'm going to assume you do too. We are bought up to be selfish and greedy, it's what drives capitalism, so the concept may sound a little strange. But, if in the future you don't have the money to pay for your medical expenses then it is the responsibility of others to pay them. |
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Ability is responsibility, if you are able to save another's life without endangering yours, and you do nothing, then you are responsible for their death.
If I can extend my life by saving money for future medical expenses, then does spending it on someone else count as endangering my life? It's a social contract, others are also responsible for you. |
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Ability is responsibility, if you are able to save another's life without endangering yours, and you do nothing, then you are responsible for their death.
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A public address can be made without generating a private key. In that case, it would be impossible to find the private key, ever.
Not 'impossible' just impractical. |
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I'm in!
Will we need firearms?
We could just use a cyber attack, ddos their infrastructure until they agree to adopt bitcoin as their national currency. |
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Hmm, so when I'm developing an application that sends binary data I have to first publish the format with the authorities. Wait until their software has been updated and distributed before I can test it. And if I change the format, which often happens during testing, I have to go though the whole process again?
Yes. Would you risk everyone's well being for such a minor inconvenience...or do you have more nefarious reasons for being so obstinate? Hmmm... Do you want to voluntarily show up at Gitmo for some waterboard fun or would you like a drone strike on your ass? ok, lets put aside its extreme impracticality and suppose that I create a web service called yogi's random hash server. How are they going to know if the random hashes i'm sending are in fact encrypted data. OK, I'll put aside the impracticality. Who gives a god-damn if "yogi's random hash server" is blocked or not? Yogi and a handful of friends who 99.999% of people couldn't give two shits about even if they could understand the inherent value. Good luck trying to sway the general population about the importance of your random hashes...as if a consensus there mattered anyway. yogi's random hash server was just an example, but I can think of lots of ways of embedding encrypted material into seemingly innocent data. |
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I think bitcoin's "fair" value (which stems from its usability and rate of adoption) is roughly correlated with Tx/Block. This does not need to grow all that much to be knocking on the current protocol limits.
I'm kind of concerned about the developers not taking scalability seriously. I'm strongly of the opinion that any Moore's law related arguments against improving the scalability are seriously flawed.
This is also my sentiment. Are there any other developers out there who would be willing to help develop a scalable protocol? |
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Hmm, so when I'm developing an application that sends binary data I have to first publish the format with the authorities. Wait until their software has been updated and distributed before I can test it. And if I change the format, which often happens during testing, I have to go though the whole process again?
Yes. Would you risk everyone's well being for such a minor inconvenience...or do you have more nefarious reasons for being so obstinate? Hmmm... Do you want to voluntarily show up at Gitmo for some waterboard fun or would you like a drone strike on your ass? ok, lets put aside its extreme impracticality and suppose that I create a web service called yogi's random hash server. How are they going to know if the random hashes i'm sending are in fact encrypted data. |
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Hmm, so when I'm developing an application that sends binary data I have to first publish the format with the authorities. Wait until their software has been updated and distributed before I can test it. And if I change the format, which often happens during testing, I have to go though the whole process again?
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Now have all providers at suitable points mandated to run gear which would simply block any encrypted traffic How are you going to tell the difference between encrypted traffic and binary data? |
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80% - SR gets taken down by the fed
The federal reserve? Coordinated international operation. |
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