[CyberDildonics]

This is all true and anyone who payed attention to more than the heavily censored propaganda soaked /r/bitcoin saw it happen in real time. Years of saying that a throughput of more than a few kilobytes was impossible while one of the devs repeatedly - and this is not a joke - stated the sun revolved around the earth.

[gruez]

> Years of saying that a throughput of more than a few kilobytes was impossible

I don't think anyone thought that was impossible from a technical standpoint, just from a decentralization standpoint.

>while one of the devs repeatedly - and this is not a joke - stated the sun revolved around the earth.

source?

[CyberDildonics]

> I don't think anyone thought that was impossible from a technical standpoint, just from a decentralization standpoint.

That's the same thing and it makes zero sense. Most people never sync with the chain and those that want to only need bandwidth far less than watching a low res youtube video. Validating blocks is at least 600x faster than real time on a computer from last decade. I would love to hear how you can rationalize a statement like that. I watched people repeat this for years and when asked for explanations never saw anyone come close to something coherent.

> source?

Here he is denying evolution and claiming the sun revolves around the earth:

https://forums3.armagetronad.net/viewtopic.php?p=203752&sid=...

Here he is claiming that slavery is only "discouraged".

https://np.reddit.com/r/DebateAChristian/comments/4q2cej/why...

[gruez]

> Most people never sync with the chain and those that want to only need bandwidth far less than watching a low res youtube video. [...] I would love to hear how you can rationalize a statement like that.

Except you know, the storage costs: https://news.ycombinator.com/item?id=25570915

[CyberDildonics]

Over 11 years, bitcoin's full blockchain has grown to 1/25th of a $150 hard drive.

When people say that you can't have more than a few kilobytes per second of throughput because VISA does 150M transactions per day, it doesn't make them sound like they have thought this through, it makes them sound like they are grasping at straws to try to rationalize nonsense that they want for reasons they won't say.

There are lots of cryptocurrencies now, no chain is going to suddenly have 150 million transactions per day while all the others die off. Even then, it would cost a single person far less in disk space than the electricity to run their refrigerator and again, few people even sync with the chain.

These are the same nonsense recycled bizarre statements that get made over and over. Why do the people in charge of bitcoin push propaganda that has no connection to reality? That's the real question.

[gruez]

> Over 11 years, bitcoin's full blockchain has grown to 1/25th of a $150 hard drive.

No doubt due to the 1MB/block limit that's in place.

>There are lots of cryptocurrencies now, no chain is going to suddenly have 150 million transactions per day while all the others die off

So large transaction volumes aren't going to be an issue because there's also going to be multiple blockchains to spread the transaction volume across? I'm not sure that's any better, because you'd either be heavily dependent on intermediary exchange services and be exposed to exchange rate fluctuations, or having to keep multiple crypto wallets synced and having to juggle disk space between them.

>Even then, it would cost a single person far less in disk space than the electricity to run their refrigerator

The problem is that the cost compounds, so comparing the cost to running a refrigerator isn't exactly fair. A refrigerator costs around $90/year to run today, 5 years ago, and 5 years from now. On the other hand, running a full node might cost $90/year today, but 5 years from now would cost $450 upfront + $90/year.

>and again, few people even sync with the chain.

This goes back to the decentralization debate. Needing a huge upfront investment to fully participate in the network is very much anti-decentralization.

[CyberDildonics]

> So large transaction volumes aren't going to be an issue because there's also going to be multiple blockchains to spread the transaction volume across?

No, large transaction volumes aren't going to be an issue either way. However there already are multiple blockchains and anyone that can watch youtube can sync with all of them if they want to.

> I'm not sure that's any better, because you'd either be heavily dependent on intermediary exchange services and be exposed to exchange rate fluctuations

This makes zero sense. Anyone can choose whatever combination of whatever they want and most people never touch the normal chain. This is the reality right now, there are lots of choices, people can use any or all of them. Why would transaction volumes change any of this? This isn't a prediction of the future, this something that has already happened years ago.

> The problem is that the cost compounds, so comparing the cost to running a refrigerator isn't exactly fair.

No it doesn't.

> On the other hand, running a full node might cost $90/year today, but 5 years from now would cost $450 upfront + $90/year.

That makes absolutely no sense at all. A full node for every crypto currency can be run on a $35 raspberry pi with a hard drive hooked up by anyone that can watch a youtube video. Your numbers are just a lie, the entire bitcoin chain is 1/25th of an 8TB hard drive which can be bought new for $150 USD.

> This goes back to the decentralization debate. Needing a huge upfront investment to fully participate in the network is very much anti-decentralization.

Then it's a good thing that isn't true, since most people never touch it and those that do probably don't have to spend anything at all.

These are lies, there is no truth to what you are saying and you know it. If there was any validity you would have a better explanation than made up numbers and nothing else. You are predicting something as if it hasn't already been passed by. No amount of circular logic warps reality to what you want it to be. The bigger question is why you are so desperate to convince people that cryptocurrencies can't scale.

https://bitinfocharts.com/comparison/transactions-btc-eth.ht...