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RE: Can Bitcoin Scale on Today's Computers? Do We Need 2nd Layer Solutions to Compete with VISA?

in #cryptocurrency6 years ago

To me the scaling solution in the short term is solved via bigger blocks.

That's why it isn't up to you -- because you chose poorly.

https://hackernoon.com/the-ethereum-blockchain-size-has-exceeded-1tb-and-yes-its-an-issue-2b650b5f4f62

ETH, EOS, BCash -- they all share the same problem. Guess who is having problems? Oh that's right, ETH is crawling because of their shitty scaling solutions, and bigger blocks don't help. EOS is imploding because of bad scaling decisions, and BCash is going to be next -- if they get any usage at all.

Which they haven't -- just empty blocks with 30-some odd transactions in an hour. (Outside of the Bitpico Cash fork efforts that are ramping up.)

Your mad dash to "solve" it with pushing out larger blocks is technically flawed and reveals a personality that favors "easy" fixes when the long term implications of that choice are dire and systemically dangerous.

BCash can't even DO second layer, because they decided to fight Segwit, and by extension, Lightning. Its like watching neo-luddites argue why busting all the machines apart are really a good thing short term.

Complete idiocy.