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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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neurotypical
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June 01, 2015, 09:26:34 PM |
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What would this solve? When will we do once we reach 8MB limit? what wil we do once we reach 20MB limit? are we just buying time with this?
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Spjuth (OP)
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Activity: 55
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June 01, 2015, 09:30:40 PM |
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What would this solve? When will we do once we reach 8MB limit? what wil we do once we reach 20MB limit? are we just buying time with this?
No it will scale automatically with Nielsen's Law (a little less to be sure). So a little less than 50% per year. http://www.nngroup.com/articles/law-of-bandwidth/So one year from implementation it would be 12MB, a year after 18MB and so on.
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achow101
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Activity: 3346
Merit: 6473
Just writing some code
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June 01, 2015, 09:31:44 PM |
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What would this solve? When will we do once we reach 8MB limit? what wil we do once we reach 20MB limit? are we just buying time with this?
It is just buying time. Increasing the blocksize now is a solution that will buy enough time for people to come up with a better solution for this issue when it actually becomes a problem.
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Spjuth (OP)
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June 01, 2015, 09:35:17 PM |
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What would this solve? When will we do once we reach 8MB limit? what wil we do once we reach 20MB limit? are we just buying time with this?
It is just buying time. Increasing the blocksize now is a solution that will buy enough time for people to come up with a better solution for this issue when it actually becomes a problem. You are missing one of Gavins most important points. I will automatically increase by almost 50% each year, to follow bandwidth. "Scaling up a little less than Nielsen's Law of Internet Bandwidth predicts for the next 20 years? (I think predictability is REALLY important)."
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achow101
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Activity: 3346
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Just writing some code
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June 01, 2015, 09:47:13 PM |
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What would this solve? When will we do once we reach 8MB limit? what wil we do once we reach 20MB limit? are we just buying time with this?
It is just buying time. Increasing the blocksize now is a solution that will buy enough time for people to come up with a better solution for this issue when it actually becomes a problem. You are missing one of Gavins most important points. I will automatically increase by almost 50% each year, to follow bandwidth. "Scaling up a little less than Nielsen's Law of Internet Bandwidth predicts for the next 20 years? (I think predictability is REALLY important)." I see that it will scale up every year by 50%. However, I don't think this is the final solution to the problem. I think that doing this is a solution that works, but it is not the best or final solution. So, while this solution is implemented, other people will work on new ways to solve the problem.
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Spjuth (OP)
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June 01, 2015, 09:52:13 PM |
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What would this solve? When will we do once we reach 8MB limit? what wil we do once we reach 20MB limit? are we just buying time with this?
It is just buying time. Increasing the blocksize now is a solution that will buy enough time for people to come up with a better solution for this issue when it actually becomes a problem. You are missing one of Gavins most important points. I will automatically increase by almost 50% each year, to follow bandwidth. "Scaling up a little less than Nielsen's Law of Internet Bandwidth predicts for the next 20 years? (I think predictability is REALLY important)." I see that it will scale up every year by 50%. However, I don't think this is the final solution to the problem. I think that doing this is a solution that works, but it is not the best or final solution. So, while this solution is implemented, other people will work on new ways to solve the problem. Yes, you are right. It is not the final solution. There needs to be, and will be, many solutions to this. This one is about increasing the max block size in a way that no one can reasonably complain about. There will also be many off blockchain solutions to this. But we should not discuss one solution against the other, they are all needed.
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Cruxer
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Activity: 184
Merit: 100
Bitcoin FTW!
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June 01, 2015, 10:00:36 PM |
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20 MB blocks will be better, will last for longer and less consensus nightmare in future
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unamis76
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Activity: 1512
Merit: 1003
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June 01, 2015, 10:30:31 PM |
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Yes, this is exactly what we need! Scalable blocks. We can still swtich to 20mb and then activate scaling, I think. It should be tested on a testnet first...
And scaling isn't buying time, it's forever adaptable.
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