Peter Rizun's gigablocks

[BillyBobZorton]

I was watching this video where Peter Rizun and Andrew Stone talk about their research on a gigablock (1GB) blocksize to compete against Visa. They say it's working on their testnet. I guess this is the same 1GB blocksize CSW was talking about:

https://www.youtube.com/watch?v=5SJm2ep3X_M

Of course I don't believe for a second this wouldn't end up badly for the network when it comes to nodes and orphan blocks, but they are claiming they got it figured out.

Anyone has made a detailed article on their so called solution addressing every point?

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[cellard]

Sounds like a pretty convoluted presentation to me. A lot of "TBD" (to be debated) stuff. Also they don't claim at any moment that people will be able to verify their own transactions. At the end when they take only 2 questions, one of the questions is how is he going to be supposed to keep running a node, and Peter Rizun tells him to use an SPV wallet, then the guy in the audience asks "how secure is that", and *crickets* happen, then Andrew Stone tells him to buy a new computer basically, but I still don't see how even with the most powerful computer in the market this is doable, and also they don't address orphan blocks issue and so on as far as I can tell.

In any case you already know what Craig Wright thinks about people running full nodes. It is simply not part of their model. They claim that as the Bitcoin economy growths, so will nodes, even if less and less people can afford running their own. The question is how decentralized is that.