On Tue, Mar 25, 2014 at 08:40:40PM +0000, Ricardo Filipe wrote: > 2014-03-25 13:49 GMT+00:00 Peter Todd <p...@petertodd.org>: > > On Tue, Mar 25, 2014 at 08:45:00AM -0400, Gavin Andresen wrote: > >> On Tue, Mar 25, 2014 at 8:28 AM, Peter Todd <p...@petertodd.org> wrote: > >> > >> > Bitcoin doesn't scale. There's a lot of issues at hand here, but the > >> > most fundemental of them is that to create a block you need to update > >> > the state of the UTXO set, and the way Bitcoin is designed means that > >> > updating that state requires bandwidth equal to all the transaction > >> > volume to keep up with the changes to what set. Long story short, we get > >> > O(n^2) scaling, which is just plain infeasible. > >> > > >> > >> We have a fundamental disagreement here. > >> > >> If you go back and read Satoshi's original thoughts on scaling, it is clear > >> that he imagined tens of thousands of mining nodes and hundreds of millions > >> of lightweight SPV users. > > > > Yeah, about that... > > > > https://blockchain.info/pools > > > > On-topic: > This argument is quite the fallacy. The only reason we have that few > pools is because each of their miners doesn't find it feasible to mine > "on their own". if you count the individual miners on those pools you > will get to the scale Gavin was trying to point out. > > Nevertheless i think that is just a minor disagreement, since tree > chains help decentralization.
I think is actually a major fundamental disagreement, and opinions tend to correlate strongly with salary considerations. "It is difficult to get a man to understand something, when his salary depends upon his not understanding it!" -- Upton Sinclair Let us either agree to disagree, or get on with moderating this list so that only sensible salaried discussions can take place. ------------------------------------------------------------------------------ Learn Graph Databases - Download FREE O'Reilly Book "Graph Databases" is the definitive new guide to graph databases and their applications. Written by three acclaimed leaders in the field, this first edition is now available. Download your free book today! http://p.sf.net/sfu/13534_NeoTech _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development