Bigger blocks coming in release 0.11

[bambou]

lol @ the sneaky little "kudos" buttons that mislead people into "liking" all his fallacies.


sounds like an Agent to me:

If any of the other proposed scaling solutions were tested, practical and already rolling out onto the network and being supported by all the various Bitcoin wallets then, indeed, there would be no hurry to schedule a maximum block size increase.

Unfortunately, they’re not; read Mike Hearn’s blog post for details. We are years away from a time when we can confidently tell a wallet developer “use this solution to give your users very-high-volume, very-low-cost, very-low-minimum-payment instant transactions.

http://gavinandresen.ninja/it-must-be-done-but-is-not-a-panacea

[inBitweTrust]

http://gavinandresen.ninja/it-must-be-done-but-is-not-a-panacea

Thanks for linking me to some great information from a very reasonable guy who has been critical to Bitcoins development. I will check it out.

[redsn0w]

For me it would be a nice feature, and it is very needed if bitcoin 'wants' to be mainstream. Because if we compare it with the credit card system we will see that 7 transactions per second - against - 2'000 transactions  per second (visa). In this way we will have a lot of transaction in one block and it will speed up the send of bitcoin.


I'm waiting to see this feature in the next releases and I am sure the majority will choose the right thing .

I thought that too but in the last thread about this there were people who were so against this they started name calling and then it was "Gavincoin". I even got negative trust for saying I it would fork and carry on.

Are you serious? Negative trust for saying your personal opinion (amazing). When the feature will be released, everyone of us will choose if 'upgrade' his bitcoin core version or not (this is the good thing in a 'decentralization).

[Buffer Overflow]

Let's play a game. Lets see who can spot all the Popescu sockpuppets that will inevitability pop up in this thread.
They'll turn up, oh yes, you can be sure of that.

[okae]

Get ready, it's coming...

http://gavinandresen.ninja/time-to-roll-out-bigger-blocks

I’m going to submit a pull request to the 0.11 release of Bitcoin Core that will allow miners to create blocks bigger than one megabyte, starting a little less than a year from now.

ty for the link i didnt read it before;

well i think it will scaled slowly, yes, but i think i will need to start buying more hdds right now lol, just to use the btc core wallet

and yes i love to use the btc core wallet, so... xD

[johnyj]

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center 

[kelsey]

one small step for future upscaling one Giant Leap towards complete centralisation 

How is it a "Giant Leap" to complete centralization? The blocks won't instantly become 20mb and by the time they are it won't be a big difference that storage size will be larger than it is today. We are talking a full Terabyte a year at every block being 20mb, this would have to be one hell of a busy network and at the standard. For 5 years of block chain it would only cost 120$ http://www.newegg.com/Product/Product.aspx?Item=9SIA5AD2RS3903, if you don't think in 5 years the price of 5tb will be A LOT cheaper just look at my previous post and again this would have to be at full block capacity which it won't be for quite some time. The idea of nodes being centralized is only theory and it doesn't hold much water.

its not the increase in blocksize i was refering to but the way Gavin and co (particularly Mike) go about getting such done.

[tokeweed]

one small step for future upscaling one Giant Leap towards complete centralisation 

Yeah...  I don't know if some people are trolling, blind or clueless.

[Pecunia non olet]

So we have a little less than one year to sell our Bitcoin before it becomes a clusterfuck. Ok, thanks for the info.

[R2D221]

So we have a little less than one year to sell our Bitcoin before it becomes a clusterfuck. Ok, thanks for the info.

You don't want them? You can give them to me.

[kelsey]

one small step for future upscaling one Giant Leap towards complete centralisation 

Yeah...  I don't know if some people are trolling, blind or clueless.

i think most rather dig their head in the sand where bitcoin is heading and how few control the code. and the interests of those few 

[gustav]

https://twitter.com/petertoddbtc/status/595692609999347712

[crazyivan]

So we have a little less than one year to sell our Bitcoin before it becomes a clusterfuck. Ok, thanks for the info.

There s no other option then to reduce the size of the blockchain. BTW, when was the last time BTC chain forked or had any real issue? There are not kids playing in the sand.

[Mikestang]

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center  

Yup, and this is what a 250 megabyte hard drive looked like in 1979.



30 years later you can fit 250x250 megabytes on something the size of your finger nail.  When the blockchain needs a data center to hold it, a data center will fit on your desktop.

[solex]

Let's play a game. Lets see who can spot all the Popescu sockpuppets that will inevitability pop up in this thread.
They'll turn up, oh yes, you can be sure of that.

Just six posts later one has popped up...

[noise]

[Buffer Overflow]

Let's play a game. Lets see who can spot all the Popescu sockpuppets that will inevitability pop up in this thread.
They'll turn up, oh yes, you can be sure of that.

Just six posts later one has popped up...

[noise]

LOL. Well spotted.

[Amph]

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center  

Yup, and this is what a 250 megabyte hard drive looked like in 1979.


30 years later you can fit 250x250 megabytes on something the size of your finger nail.  When the blockchain needs a data center to hold it, a data center will fit on your desktop.

we are near that limit with silicon, we can't go much farther with shrinking, 10nm is the physical limit of the material, they need something else soon enough

[solex]

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center  

Yup, and this is what a 250 megabyte hard drive looked like in 1979.


30 years later you can fit 250x250 megabytes on something the size of your finger nail.  When the blockchain needs a data center to hold it, a data center will fit on your desktop.

we are near that limit with silicon, we can't go much farther with shrinking, 10nm is the physical limit of the material, they need something else soon enough

Glass storage?
http://physicsworld.com/cws/article/news/2013/jul/17/5d-superman-memory-crystal-heralds-unlimited-lifetime-data-storage

[Amph]

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center  

Yup, and this is what a 250 megabyte hard drive looked like in 1979.


30 years later you can fit 250x250 megabytes on something the size of your finger nail.  When the blockchain needs a data center to hold it, a data center will fit on your desktop.

we are near that limit with silicon, we can't go much farther with shrinking, 10nm is the physical limit of the material, they need something else soon enough

Glass storage?
http://physicsworld.com/cws/article/news/2013/jul/17/5d-superman-memory-crystal-heralds-unlimited-lifetime-data-storage

last time i heard that they are working on graphene or nanotubes, as a next material, but glass could be another option(a storage in your glasses would be fabulous)

it's seems that they can push silicon to 7nm, but it will be too costly

[HI-TEC99]

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center  

Yup, and this is what a 250 megabyte hard drive looked like in 1979.


30 years later you can fit 250x250 megabytes on something the size of your finger nail.  When the blockchain needs a data center to hold it, a data center will fit on your desktop.

we are near that limit with silicon, we can't go much farther with shrinking, 10nm is the physical limit of the material, they need something else soon enough

They have been developing something called racetrack memory for years. However, it sounds like fusion, it's always another ten more years until they say they will get it working.