From: Jeff Garzik <jgarzik@bitpay•com>
To: Tom Harding <tomh@thinlink•com>
Cc: Bitcoin Dev <bitcoin-development@lists•sourceforge.net>
Subject: Re: [Bitcoin-development] Block Size Increase
Date: Thu, 7 May 2015 22:09:42 -0400 [thread overview]
Message-ID: <CAJHLa0PeEd19ooHbOHUMxX9-5=iyUng-9GWnQFOn_F3aXxVWLQ@mail.gmail.com> (raw)
In-Reply-To: <554C1410.7050406@thinlink.com>
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On Thu, May 7, 2015 at 9:40 PM, Tom Harding <tomh@thinlink•com> wrote:
> On 5/7/2015 12:54 PM, Jeff Garzik wrote:
> > 2) Where do you want to go? Should bitcoin scale up to handle all the
> > world's coffees?
>
> Alan was very clear. Right now, he wants to go exactly where Gavin's
> concrete proposal suggests.
>
G proposed 20MB blocks, AFAIK - 140 tps
A proposed 100MB blocks - 700 tps
For ref,
Paypal is around 115 tps
VISA is around 2000 tps (perhaps 4000 tps peak)
I ask again: where do we want to go? This is the existential question
behind block size.
Are we trying to build a system that can handle Paypal volumes? VISA
volumes?
It's not a snarky or sarcastic question: Are we building a system to
handle all the world's coffees? Is bitcoin's main chain and network -
Layer 1 - going to receive direct connections from 500m mobile phones,
broadcasting transactions?
We must answer these questions to inform the change being discussed today,
in order to decide what makes the most sense as a new limit. Any
responsible project of this magnitude must have a better story than "zomg
1MB, therefore I picked 20MB out of a hat" Must be able to answer /why/
the new limit was picked.
As G notes, changing the block size is simply kicking the can down the
road: http://gavinandresen.ninja/it-must-be-done-but-is-not-a-panacea
Necessarily one must ask, today, what happens when we get to the end of
that newly paved road.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
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next prev parent reply other threads:[~2015-05-08 2:10 UTC|newest]
Thread overview: 116+ messages / expand[flat|nested] mbox.gz Atom feed top
2015-05-06 22:12 Matt Corallo
2015-05-06 22:30 ` slush
2015-05-06 23:06 ` Eric Lombrozo
2015-05-06 22:44 ` Tier Nolan
2015-05-06 23:12 ` Matt Corallo
2015-05-06 23:33 ` Tier Nolan
2015-05-06 23:41 ` Matt Corallo
2015-05-07 2:16 ` Peter Todd
2015-05-06 23:11 ` Matt Whitlock
2015-05-06 23:13 ` Matt Corallo
2015-05-07 0:00 ` Tom Harding
2015-05-07 0:07 ` Bryan Bishop
2015-05-07 0:37 ` Gregory Maxwell
2015-05-07 1:49 ` Peter Todd
2015-05-07 3:03 ` Justus Ranvier
2015-05-08 11:02 ` Thomas Zander
2015-05-08 20:17 ` Aaron Voisine
2015-05-07 3:47 ` Pieter Wuille
2015-05-07 9:25 ` Mike Hearn
2015-05-07 10:12 ` Peter Todd
2015-05-07 10:42 ` Btc Drak
2015-05-07 10:52 ` Jorge Timón
2015-05-07 11:15 ` Andrew
2015-05-07 11:29 ` Mike Hearn
2015-05-07 12:26 ` Jorge Timón
2015-05-07 14:05 ` Mike Hearn
2015-05-07 14:18 ` Bryan Bishop
2015-05-07 14:22 ` Peter Todd
2015-05-07 14:40 ` Peter Todd
2015-05-07 14:52 ` Gavin Andresen
2015-05-07 14:56 ` Peter Todd
2015-05-07 15:04 ` Alex Morcos
2015-05-07 15:09 ` Jeff Garzik
2015-05-07 15:12 ` Mike Hearn
2015-05-07 15:17 ` Jeff Garzik
2015-05-07 15:29 ` Mike Hearn
2015-05-07 15:35 ` Jeff Garzik
2015-05-07 16:18 ` Justus Ranvier
2015-05-07 16:21 ` Jorge Timón
2015-05-07 17:29 ` Peter Todd
2015-05-07 19:37 ` Mike Hearn
2015-05-07 19:44 ` Jérémie Dubois-Lacoste
2015-05-07 20:20 ` Jérémie Dubois-Lacoste
2015-05-07 15:58 ` Matthew Mitchell
2015-05-07 16:47 ` Matthew Mitchell
2015-05-07 17:26 ` Matt Corallo
[not found] ` <CABsx9T2vAQyZODRE9apu0R1n=LybssQcuTYD7P3mAQH_Fv6QCQ@mail.gmail.com>
2015-05-07 17:40 ` [Bitcoin-development] Fwd: " Gavin Andresen
2015-05-07 17:43 ` [Bitcoin-development] " Mike Hearn
2015-05-07 18:03 ` Btc Drak
2015-05-07 18:06 ` Mike Hearn
2015-05-07 18:21 ` Ross Nicoll
2015-05-07 18:40 ` Gavin Costin
2015-05-07 18:46 ` Btc Drak
2015-05-07 19:31 ` Bernard Rihn
2015-05-07 19:31 ` Alan Reiner
2015-05-07 19:54 ` Jeff Garzik
2015-05-07 19:59 ` Justus Ranvier
2015-05-08 1:40 ` Tom Harding
2015-05-08 2:09 ` Jeff Garzik [this message]
2015-05-08 5:13 ` Tom Harding
2015-05-08 9:43 ` Mike Hearn
2015-05-08 15:23 ` Alan Reiner
2015-05-08 14:59 ` Alan Reiner
2015-05-08 15:49 ` Jeff Garzik
2015-05-13 10:37 ` Oliver Egginger
2015-05-13 11:25 ` Angel Leon
2015-05-08 17:17 ` Andrew
2015-05-08 17:51 ` Alan Reiner
[not found] ` <CADZB0_bK+YsK8sN-di2pynvjsq5VjSvnEu0-cCGhPqFunyVm7Q@mail.gmail.com>
2015-05-09 12:02 ` Andrew
2015-05-09 12:53 ` Justus Ranvier
2015-05-09 18:33 ` Andrew
2015-05-08 1:51 ` Joel Joonatan Kaartinen
2015-05-08 3:41 ` Peter Todd
2015-05-07 18:38 ` Chris Wardell
2015-05-07 18:55 ` Alex Mizrahi
2015-05-07 18:59 ` Ross Nicoll
2015-05-07 19:03 ` Matt Corallo
2015-05-07 19:13 ` Jeff Garzik
2015-05-07 19:34 ` Mike Hearn
2015-05-07 21:29 ` Matt Corallo
2015-05-07 23:05 ` 21E14
2015-05-07 15:33 ` Jorge Timón
2015-05-07 16:11 ` Mike Hearn
2015-05-07 16:47 ` Jorge Timón
2015-05-07 16:59 ` Gavin Andresen
2015-05-07 17:42 ` Peter Todd
2015-05-07 18:05 ` Jorge Timón
2015-05-07 19:57 ` Btc Drak
2015-05-07 15:39 ` Btc Drak
2015-05-07 13:02 ` Peter Todd
2015-05-07 19:14 ` Matt Corallo
2015-05-07 11:55 ` Dave Hudson
2015-05-07 13:40 ` Jorge Timón
2015-05-08 4:46 ` Tom Harding
2015-05-07 14:04 ` Jeff Garzik
2015-05-07 14:32 ` Peter Todd
2015-05-07 14:38 ` Justus Ranvier
2015-05-07 14:49 ` Peter Todd
2015-05-07 15:13 ` Justus Ranvier
2015-05-07 15:25 ` Peter Todd
2015-05-07 15:04 ` Jeff Garzik
2015-05-07 15:16 ` Justus Ranvier
2015-05-07 15:27 ` Jeff Garzik
2015-05-07 15:33 ` Justus Ranvier
2015-05-07 15:47 ` Jeff Garzik
2015-05-07 15:50 ` Justus Ranvier
2015-05-07 11:20 ` Wladimir J. van der Laan
2015-05-07 11:30 ` Eric Lombrozo
2015-05-07 15:56 ` Jeff Garzik
2015-05-07 16:13 ` Mike Hearn
2015-05-07 16:54 John Bodeen
2015-05-08 20:38 Raystonn .
2015-05-08 20:40 ` Mark Friedenbach
2015-05-08 20:51 Raystonn
2015-05-08 20:55 ` Mark Friedenbach
2015-05-08 21:01 Raystonn
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