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Author Topic: Problems With Bitcoin Part 1: Won't scale for Class 2 civilizations  (Read 1526 times)
hashman
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March 12, 2012, 07:35:56 AM
 #1


The network implementation as is, in particular the delay between blocks, means that the network cannot work on a large scale system.  The network will lose coherency and forks will develop as nodes become separated by distances approaching 10 light minutes.  For reference, sometimes Mars is further away from the Earth than that.  A series of nested chains with increasing delta T targets and difficulties will be required to have a coherent network for interplanetary or interstellar communities.  Lets think ahead folks Wink       


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March 12, 2012, 07:43:56 AM
 #2

The simplest and most non-disruptive way to handle this is to have two chains: bitcoinEarth and bitcoinMars. Transactions can be sent between the two but they will have serious delays--this can be handled by contracts though, I believe, and should not generally be disruptive as until we're at class 3 post-warp society, it will take longer for you to get to mars than your bitcoins. When class 3 happens, surely a warp vehicle will be stationed in space purely for the facilitation of warp-speed bitcoin transfer.

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March 12, 2012, 08:09:27 AM
 #3

When class 3 happens, surely [...]

surely...

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March 12, 2012, 08:40:23 AM
 #4

Lets think ahead folks Wink 

Oh ye of little faith.  Rest assured, we are working on it.  https://bitcointalk.org/index.php?topic=56285.0;all

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March 12, 2012, 02:28:54 PM
 #5

Call me when we become a class 2 civilization

hashman
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March 12, 2012, 06:21:11 PM
 #6

Call me when we become a class 2 civilization

lol, sorry for repeat thread then and good work folks Smiley
i think we are still class 0 so don't hold your breath

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March 12, 2012, 06:30:40 PM
 #7

The simplest and most non-disruptive way to handle this is to have two chains: bitcoinEarth and bitcoinMars. Transactions can be sent between the two but they will have serious delays--this can be handled by contracts though, I believe, and should not generally be disruptive as until we're at class 3 post-warp society, it will take longer for you to get to mars than your bitcoins. When class 3 happens, surely a warp vehicle will be stationed in space purely for the facilitation of warp-speed bitcoin transfer.

This.
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March 12, 2012, 06:52:50 PM
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(...) When class 3 happens, surely a warp vehicle will be stationed in space purely for the facilitation of warp-speed bitcoin transfer.

See, this is what the op was concerned about, we don't really think far ahead! The warp vehicle will surely become outdated!
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March 12, 2012, 07:20:30 PM
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Airplane reference incoming in 3...2...1...

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March 12, 2012, 08:13:18 PM
 #10

Airplane reference incoming in 3...2...1...

Quantum Leap Airlines: Instant travel between Earth, Mars and beyond.

This message approved my Alpaca International.


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March 12, 2012, 09:06:33 PM
 #11

Our coin will be renamed in Terracoin

So we will have Terracoin and Marscoin

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