You are viewing a single comment's thread from:

RE: Bigger blocks? How about huuuuge blocks?

in #bitcoin8 years ago

You did a great job of summing up the centralization/ block size argument. Scaling is definitely among the most pressing issues especially if Bitcoin ever hopes to transact at the speed of Visa or Mastercard. But I also wonder how many of the transactions are "spam" when the meme pool is backlogged. Bigger blocks or another layer on top of Bitcoin (Lightning network) will have to happen in the near future but shouldn't at the expense of centralizing a supposed peer to peer network.

Sort:  

Thanks. I agree about the spamming issue too. I believe there are other solutions to scaling, like SegWit and the Lightning network, that will at least improve transaction speeds. Sure, it won't reach the speed of a mega-corporation product like VISA - but Bitcoin isn't a mega-corporation. It's a movement.

Coin Marketplace

STEEM 0.09
TRX 0.30
JST 0.034
BTC 114499.16
ETH 4132.17
USDT 1.00
SBD 0.59