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by sethrin
3698 days ago
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Well there's another wrinkle to this, which is that having a small block size and lower throughput may drive transaction costs up. What I've read suggests that the current 1MB block size works out to about 7 transactions per second, which is not great. Also, it's possibly fair to say that we're already past the point of a "free for all" Bitcoin; from what I've read mining is controlled by a small number of entities. So, that is one way to characterize the debate, but I am not entirely sure if it is completely fair. |
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