[bitcoin-dev] Why Satoshi's temporary anti-spam measure isn'ttemporary
thomas at thomaszander.se
Thu Jul 30 16:07:40 UTC 2015
On Thursday 30. July 2015 10.24.07 Bryan Bishop wrote:
> On Thu, Jul 30, 2015 at 9:52 AM, Thomas Zander via bitcoin-dev <
> bitcoin-dev at lists.linuxfoundation.org> wrote:
> > What makes you think that when there is such a low availability of
> > transaction
> > space that paying to be included costs you $10, that Bitcoin is not going
> > to
> > be outcompeted and replaced or otherwise regarded as worthless?
> Ah, well that's simple. Because any decentralized system is going to have
> high transaction costs and scarcity anyway.
I've been doing system design for about 10 years and I can understand your
I have to disagree with you, though. Surely decentralized adds an overhead,
but in its place it adds replication, redundancy and very cheap expansion of
Remember when we went from single-core CPUs to multi-core (and
hyperthreading)? Developers were saying it was useless because all apps were
still single-threaded. And now, 15 years later, there are fantastic
frameworks to make this easy.
Same will happen with distributed. Any assumption you wrote above is not
inherent in the technology.
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