From: Mike Hearn <hearn@vinumeris•com>
To: Gavin Andresen <gavinandresen@gmail•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Block size following technological growth
Date: Thu, 6 Aug 2015 18:11:40 +0200 [thread overview]
Message-ID: <CA+w+GKQP=-g4ed5Nk9dQH67f=SpxiVRE3O6QE5_9g87CPem-hA@mail.gmail.com> (raw)
In-Reply-To: <CABsx9T3ARTAV58LYSr40VJsttO5kAtLxMDMZwkKH+ztXYw13mg@mail.gmail.com>
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Whilst 1mb to 8mb might seem irrelevant from a pure computer science
perspective payment demand is not really infinite, at least not if by
"payment" we mean something resembling how current Bitcoin users use the
network.
If we define "payment" to mean the kind of thing that Bitcoin users and
enthusiasts have been doing up until now, then suddenly 1mb to 8mb makes a
ton of sense and doesn't really seem that small: we'd have to increase
usage by nearly an order of magnitude before it becomes an issue again!
If we think of Bitcoin as a business that serves customers, growing our
user base by an order of magnitude would be a great and celebration worthy
achievement! Not at all a small constant factor :)
And keeping the current user base happy and buying things is extremely
interesting, both to me and Gavin. Without users Bitcoin is nothing at all.
Not a settlement network, not anything.
It's actually going to be quite hard to grow that much. As the white paper
says, "the system works well enough for most transactions". And despite a
lot of effort by many people, killer apps that use Bitcoin's unique
features are still hit and miss. Perhaps Streamium, Lighthouse, ChangeTip,
some distributed exchange or something else will stimulate huge new demand
for transactions in future ..... but if so we're not there yet.
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next prev parent reply other threads:[~2015-08-06 16:11 UTC|newest]
Thread overview: 111+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-07-30 14:25 Pieter Wuille
2015-07-30 15:04 ` Greg Sanders
2015-07-30 15:12 ` Jorge Timón
2015-07-30 16:23 ` Jameson Lopp
2015-07-30 16:36 ` Bryan Bishop
2015-07-30 16:43 ` Jameson Lopp
2015-07-30 16:36 ` Venzen Khaosan
2015-07-30 17:51 ` Jorge Timón
2015-07-30 18:00 ` Jorge Timón
2015-07-30 16:56 ` Gary Mulder
2015-07-30 17:13 ` Mark Friedenbach
2015-07-30 16:20 ` Gavin Andresen
2015-07-30 16:41 ` Suhas Daftuar
2015-07-30 16:48 ` Adam Back
2015-07-30 16:49 ` Pieter Wuille
2015-07-31 10:16 ` Mike Hearn
2015-07-31 11:43 ` Venzen Khaosan
2015-07-31 11:51 ` Jorge Timón
2015-07-31 12:15 ` Mike Hearn
2015-07-31 13:07 ` Marcel Jamin
2015-07-31 14:33 ` Jorge Timón
2015-07-31 14:58 ` Mike Hearn
2015-07-31 15:28 ` Venzen Khaosan
2015-07-31 20:09 ` Elliot Olds
2015-08-04 10:35 ` Jorge Timón
2015-08-04 11:04 ` Hector Chu
2015-08-04 11:27 ` Pieter Wuille
2015-08-04 11:34 ` Hector Chu
2015-08-04 12:10 ` Venzen Khaosan
2015-08-04 13:13 ` Jorge Timón
2015-08-04 13:28 ` Hector Chu
2015-08-04 13:42 ` Venzen Khaosan
2015-08-04 17:59 ` Jorge Timón
2015-08-04 13:12 ` Gavin Andresen
2015-08-04 13:54 ` Pieter Wuille
2015-08-04 14:30 ` Venzen Khaosan
2015-08-04 14:43 ` [bitcoin-dev] Fwd: " Venzen Khaosan
2015-08-04 14:45 ` [bitcoin-dev] " Alex Morcos
2015-08-05 8:14 ` Gareth Williams
2015-08-04 11:59 ` Jorge Timón
2015-08-04 12:19 ` Hector Chu
2015-08-04 13:34 ` Venzen Khaosan
2015-08-04 13:37 ` Jorge Timón
2015-08-05 7:29 ` Elliot Olds
2015-08-06 1:26 ` Jorge Timón
2015-08-06 13:40 ` Gavin Andresen
2015-08-06 14:06 ` Pieter Wuille
2015-08-06 14:21 ` Gavin Andresen
2015-08-06 14:53 ` Pieter Wuille
[not found] ` <CABsx9T0B2bZrFHxYR_QNwBmxskQx31zt=QE5BJAYjcOo7wbo3A@mail.gmail.com>
2015-08-06 15:24 ` [bitcoin-dev] Fwd: " Gavin Andresen
2015-08-06 15:26 ` Pieter Wuille
2015-08-06 18:43 ` Michael Naber
2015-08-06 18:52 ` Pieter Wuille
2015-08-07 16:06 ` Thomas Zander
2015-08-07 16:30 ` Pieter Wuille
2015-08-07 17:00 ` Thomas Zander
2015-08-07 17:09 ` Pieter Wuille
2015-08-07 21:35 ` Thomas Zander
2015-08-07 22:53 ` Adam Back
2015-08-08 16:54 ` Dave Scotese
2015-08-07 17:50 ` Gavin Andresen
2015-08-07 18:05 ` Jameson Lopp
2015-08-07 18:10 ` Pieter Wuille
2015-08-07 21:43 ` Thomas Zander
2015-08-07 22:00 ` Thomas Zander
2015-08-06 16:19 ` [bitcoin-dev] " Tom Harding
2015-08-06 21:56 ` Peter Todd
2015-08-06 15:25 ` Jorge Timón
2015-08-06 16:03 ` Gavin Andresen
2015-08-06 16:11 ` Mike Hearn [this message]
2015-08-06 17:15 ` Jorge Timón
2015-08-06 19:42 ` Gavin Andresen
2015-08-06 20:01 ` Pieter Wuille
2015-08-06 21:51 ` Jorge Timón
2015-08-06 23:09 ` Elliot Olds
2015-08-10 19:28 ` Jorge Timón
2015-08-11 5:48 ` Elliot Olds
2015-08-09 18:46 ` [bitcoin-dev] What Lightning Is Tom Harding
2015-08-09 18:54 ` Mark Friedenbach
2015-08-09 20:14 ` Hector Chu
[not found] ` <CAOG=w-s9KsaPwveSpgdvsVTWUDV77YY7Em7NZGyxSQMMCccYSg@mail.gmail.com>
2015-08-09 20:48 ` Hector Chu
2015-08-10 4:48 ` Joseph Poon
2015-08-10 17:03 ` odinn
2015-08-10 17:14 ` Pieter Wuille
2015-08-10 17:45 ` odinn
2015-08-09 21:27 ` Tom Harding
2015-08-09 21:40 ` Chris Pacia
2015-08-09 21:45 ` Hector Chu
2015-08-09 21:57 ` Patrick Strateman
2015-08-09 22:03 ` Hector Chu
2015-08-09 22:36 ` Patrick Strateman
2015-08-10 1:52 ` Tom Harding
2015-08-10 3:31 ` Patrick Strateman
2015-08-09 22:06 ` Patrick Strateman
2015-08-09 22:09 ` Hector Chu
2015-08-09 22:27 ` Patrick Strateman
2015-08-09 22:30 ` Hector Chu
2015-08-09 22:44 ` Gavin Andresen
2015-08-09 22:51 ` Btc Drak
2015-08-10 8:27 ` Thomas Zander
2015-08-10 8:36 ` Patrick Strateman
2015-08-10 4:39 ` Joseph Poon
2015-08-10 21:02 ` Anthony Towns
2015-08-10 21:19 ` Anthony Towns
2015-08-10 21:43 ` Adam Back
2015-08-11 9:01 ` Hector Chu
2015-08-11 17:17 ` Simon Liu
2015-07-31 14:52 ` [bitcoin-dev] Block size following technological growth Bryan Bishop
2015-07-30 17:46 ` Jorge Timón
2015-08-02 22:35 ` Anthony Towns
2015-07-30 20:20 ` Thomas Zander
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