On 6/28/2015 3:07 PM, Adam Back wrote: > We dont know what that limit is but people have been imagining 1,000 > or 10,000 transactions per anchor transaction. Basically users would > park Bitcoins a on a hub channel instead of the blockchain.
This re-introduces a solved problem (solved by bitcoin better than anything else) - worrying whether your "payment hub" actually connects to whom you wish to pay. There will be enormous network effects and centralization pressure in the payment-hub space. A few entities, maybe single entity, should be expected to quickly corner the market and own the whole thing. This concept is far too untested to justify amateur economic meddling in the bitcoin fee market by setting a restrictive hard cap below technical feasibility. I can guess exactly who would want to keep bitcoin from improving: *those who hope to be the future payment hub oligarchs*. _______________________________________________ bitcoin-dev mailing list bitcoin-dev@lists.linuxfoundation.org https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
