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by Frogolocalypse
3250 days ago
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> increasing blocksize 4x or even 8x will have negligible impact on the security or decentrality of Bitcoin. Incorrect. It will make running a full node for almost all consumers in Australia impossible at any price. > hopefully SegWit2X will be the sane compromise Segwit is the compromise and we are finally going to get it. If you want to install the 2x hard-fork to china-coin, you are welcome to. Everyone else will just continue using bitcoin. Now with segwit. |
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8MB every 10 minutes is 13KB/s. Do Australians not look at youtube either, because when I was there well over a decade ago it worked pretty well. Even a full node syncing multiple people -while the blocks are full at 8MB- is no problem. Also there are many orders of magnitude left before running a full node exceeds the capacity of a $15/month VPS and many orders of magnitude before a person at home could no longer sync with a full node off a basic internet connection. That is also ignoring the fact that most people don't need or want to sync with the full chain, but to be clear, hundreds of millions can and would still be able to.
I see arguments like this from time to time, usually from the same small group of people, but there is nothing but crickets when I show them basic numbers and ask for how they came to this conclusion.