[nullc]

> TCP/IP doesn’t get faster by making packets bigger.

Technically larger MTUs can increase performance somewhat by reducing per-packet overheads... but the effect marginal and not that enormous with good nics and drivers.

But still, probably not the best example. :)

[etherael]

Right, because no nic vendor was ever retarded enough to purposely cripple their product by restricting throughput to thousandths of actual potential theoretical physical capacity at the driver level like you and your toxic coterie did. In fact nobody has ever been this stupid in the entire industry period that I can think of except that coterie.

Good thing for you it's in the interests of extremely rich and powerful people to see that your sabotage is well supported, and good thing for the rest of the world you have a containment chain where your stupidity is restricted from bleeding over to the rest of them, and every single other chain appears to be completely mercifully free of your idiotic philosophy.

[scotty79]

I don't get your argument. Block size is limited so fees can go up to pay the miners so they have incentive to mine.

If fees are a barrier to you, you can make your transfer of value using any other traded cryptocurrency (or lightning whatever it is).

Aim of bitcoin is not to be the fastest cryptocurrency but the most mined one (thus safest?).

[etherael]

> I don't get your argument. Block size is limited so fees can go up to pay the miners so they have incentive to mine.

Probably because that point has nothing to do with anything, as basically every single blockchain in existence has fees that go to miners. BTC isn't the slightest bit unique in that.

> Aim of bitcoin is not to be the fastest cryptocurrency but the most mined one (thus safest?).

Which once again has nothing to do with the artificial useless block limit. The cryptocurrency that is most mined is the one in which mining is most profitable, the US federal reserve could launch a competitor tomorrow with a goal directly opposed to every other cryptocurrency in existence and if they paid more per SHA256 hash rate unit they would become the most mined cryptocurrency.

[scotty79]

>> Aim of bitcoin is not to be the fastest cryptocurrency but the most mined one (thus safest?).

> Which once again has nothing to do with the artificial useless block limit.

It has everything to do with block limit because its whole purpose is to make each block more valuable for the miners so that a lot of hashpower competes to mine that block.

Size of mining reward and transaction fees per given amount of kb of transactions is vital thing for miners. Increasing block size would be same as decreasing payout (of tx fees) for each block. Since transaction fees will eventually become the only reward for the miners tampering with their value would be just as frightening as tampering with the block reward (like doubling it or halving it on a whim). It would affect miners. And miners are ultimately who decide with their legs on what version of crypto to secure.

> The cryptocurrency that is most mined is the one in which mining is most profitable, the US federal reserve could launch a competitor tomorrow with a goal directly opposed to every other cryptocurrency in existence and if they paid more per SHA256 hash rate unit they would become the most mined cryptocurrency.

Sure, but if you are not federal reserve and can't invest billions of your own money in your crypto then what bitcoin does is exactly how you get to be the most mined crypto.

[etherael]

> It has everything to do with block limit because its whole purpose is to make each block more valuable for the miners so that a lot of hashpower competes to mine that block.

Wrong, this assumes it is the only way to make each block more valuable, it is not only not the only way, it is the most stupid way imaginable; an artificial production quota completely unhinged from underlying physical reality.

> Size of mining reward and transaction fees per given amount of kb of transactions is vital thing for miners.

Transaction fees per given data volume is less important than net profit on actual services provided, a chain that has a thousand times the capacity and a hundred times lower costs is still ten times more profitable than the competition.

> Increasing block size would be same as decreasing payout (of tx fees) for each block.

Just as stupid as saying that increasing seats on a train decreases the ticket revenue on that train. Completely false.

> Since transaction fees will eventually become the only reward for the miners tampering with their value would be just as frightening as tampering with the block reward

Tampering with the value of transaction fees is exactly what setting an unjustified artificial production quota does. And yes, this is "frightening" to a certain extent, but if you're still around on BTC by now, nothing is going to frighten you into abandoning it because it's absolutely valueless and idiotically stupid at this point in time, propped up only by the self-admitted unbacked charade that is transparent USDT manipulations.

> It would affect miners. And miners are ultimately who decide with their legs on what version of crypto to secure.

And as a miner, we will mine whatever pays the highest immediate return on invested power, no matter how ridiculously stupid that thing appears to be to us, it still makes sense to do that and immediately sell it and pocket the difference between the nearest sensible competitor to that for those who actually accrue proper genuine working cryptocurrencies with utility or whatever other legitimate financial instrument you care to mention that isn't transparently sabotaged and utterly broken.

> Sure, but if you are not federal reserve and can't invest billions of your own money in your crypto then what bitcoin does is exactly how you get to be the most mined crypto.

On the contrary; if you are the federal reserve, or that clique of financial manipulators (see AXA investment in Blockstream), and you're desperate to protect your collapsing imaginary financial system from genuine auditable competition, taking control of BTC and ploughing money into an avenue anybody with an ounce of sense could tell immediately was a dead end just from the specifications of the chain is how you get to be the most mined crypto whilst maintaining plausible deniability that you're meddling in the process at all.

[scotty79]

>> Size of mining reward and transaction fees per given amount of kb of transactions is vital thing for miners. > Transaction fees per given data volume is less important than net profit on actual services provided, a chain that has a thousand times the capacity and a hundred times lower costs is still ten times more profitable than the competition.

That's true but you it's not guaranteed that you'd get 1000 times more transactions when you increase capacity 100 times. It's a gamble and if bitcoin did that it would get unpredictable result but show miners that it is willing to gamble with their profitability.

>> Increasing block size would be same as decreasing payout (of tx fees) for each block.

>Just as stupid as saying that increasing seats on a train decreases the ticket revenue on that train. Completely false.

Increasing number of seats might cause the train to be partially empty and if this one isn't the next one might be. Since people get tickets on auction then non-full trains bring no revenue because tickets for them cost zero. So it might be not sufficiently attractive to participate in the burden of sending more trains.

When there were ton of transactions fees skyrocketed but in weeks they went back to normal and tx fees revenue for miners dropped. Tx fees dropping to too low value in times where they are main income source for miners might be what kills bitcoin. Same way that low traffic might kill a train line if trains are running mostly empty and tickets don't have fixed price and their are auctioned instead.

Again. Bitcoin is built and governed for survivability first. You can do it differently with other cryptos. You can even fork bitcoin. People did. Miners voted with their legs on which solution they prefer. It's really miners that decide everything.

I don't get where you were going with federal reserve tangent. I'm just getting a vibe that you overestimate politics and underestimate economy.