On Sat, Jun 27, 2015 at 12:09:16PM -0400, Michael Naber wrote: > The goal of Bitcoin Core is to meet the demand for global consensus as > effectively as possible. Please let's keep the conversation on how to best > meet that goal.
Keep in mind that Andresen and Hearn both propose that the majority of Bitcoin users, even businesses, abandon the global consensus technology aspect of Bitcoin - running full nodes - and instead adopt trust technology instead - running SPV nodes. We're very much focused on meeting the demand for global consensus technology, but unfortunately global consensus is also has inherently O(n^2) scaling with current approaches available. Thus we have a fixed capacity system where access is mediated by supply and demand transaction fees. > The off-chain solutions you enumerate are are useful solutions in their > respective domains, but none of them solves the global consensus problem > with any greater efficiency than Bitcoin does. Solutions like (hub-and-spoke) payment channels, Lightning, etc. allow users of the global consensus technology in Bitcoin to use that technology in much more effcient ways, leveraging a relatively small amount of global consensus to do large numbers of transactions trustlessly. -- 'peter'[:-1]@petertodd.org 0000000000000000007fc13ce02072d9cb2a6d51fae41fefcde7b3b283803d24
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