We’re outpacing Moore’s law
2mb or 4mb would have helped, yes. I don’t think it would have been too big of a problem, but I don’t think it would help much either. We’d just be back against the limit.
If we want to really succeed we need innovation.
2mb or 4mb would have helped, yes. I don’t think it would have been too big of a problem, but I don’t think it would help much either. We’d just be back against the limit.
If we want to really succeed we need innovation.
There is no technical reason why multiple orders of magnitude more transactions couldn't be on the bitcoin chain if it wasn't intentionally crippled.
If your internet connection had the throughput of bitcoin it would take you 36 minutes to load reddit.com
Anyone can rent a VPS for $10 USD that can download the entire chain in under an hour and a half.
There are 14TB single hard drives out now, which would be able to store the bitcoin chain for the next 300 years. One hard drive, 300 years.
The only part that doesn't work is the $31.50 average transaction fee.