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Author Topic: 700 transactions/second now!  (Read 3016 times)
MoonShadow
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April 17, 2012, 06:03:45 PM
 #41

Well, MoonShadow, that would be true if EVERY GPU/CPU/FPGA/ASIC that's mining had a bitcoin node connected to the network, which ISN'T the case, given that most of them are connected to a CENTRAL node called a minning pool Roll Eyes

Network total hashing power can increase infinitely without increasing maximum tps capacity.

Also, you lack reading skills as I was pointing the flaw on ThiagoCMC's statement and wasn't talking about the OP.

But given that you are so smart why don't you answer to ThiagoCMC?
Bitcoin is one of the most powerful supercomputer on Earth... Why it can not handle >1000 transacions/second?!!

Oh, that's right... transaction processing is limited by every single node capacity and not by total network power...
Too bad all the power of the "most powerful supercomputer on Earth" only goes to bruteforce the solution to a problem while being useless to process transactions... Roll Eyes

Do I need another set of hands now?


Yes, I now need a fifth hand.  Go back and actually read what I wrote before typing something else.  I specificly noted that we were talking about (and likely confusing) two differnet subjects.  I know full well that tps bottlenecks are related to network latency and not hashing of blocks.  I stated as much, if you had bothered to read it.  You have a right to your opinion, and a right to be wrong, but continue to be an ass and I may just choose to exercise my privilages.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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