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September 28, 2021, 03:15:47 AM |
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Does anybody have any insight re: what's up with Bitcoin SV?
On the first of August, 2021, the block size was about 450GB. Since then, it has more than doubled
to over 1160 GB as of the time of writing. Many of the blocks are over 1GB and some are close to 2GB.
This explosion in size is swamping my ability/willingness to throw endless computing resources
into supporting this otherwise worthless coin. Nevertheless, I am still curious re: wtf?
IMHO, there is no way this is any kind of organic explosion in new adoption and is instead some
sort of scam/attack. My guesses are:
1. This bloat comes from a mass of fake and needlessly complicated transactions that are
intended to draw attention to this coin. For people who don't see the gory details, this explosion
of activity might look like an explosion in new popularity/adoption, so therefore this must be
the _next great coin_ to get involved with.
2. Perhaps this is a denial-of-service attack? Is somebody just generating endless quantities of large and complex transactions in order to bloat the blockchain, push the little people out, and generally wreak chaos and havoc for this poor hapless coin?
It has occurred to me to consult the GrandGoogle about this but all I find is ra-ra apparently
written by the same group of people. I don't actually find any real documentation or discussion.
Obviously my failing to find this, but hopefully somebody here can clue me in. Thanks.
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