[bitcoin-dev] A Proposed Compromise to the Block Size Limit
pete at petertodd.org
Sat Jun 27 16:37:31 UTC 2015
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
> 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
-------------- next part --------------
A non-text attachment was scrubbed...
Size: 650 bytes
Desc: Digital signature
More information about the bitcoin-dev