📅 Original date posted:2015-07-30
📝 Original message:On Thursday 30. July 2015 10.24.07 Bryan Bishop wrote:
> On Thu, Jul 30, 2015 at 9:52 AM, Thomas Zander via bitcoin-dev <
>
> bitcoin-dev at lists.linuxfoundation.org> wrote:
> > What makes you think that when there is such a low availability of
> > transaction
> > space that paying to be included costs you $10, that Bitcoin is not going
> > to
> > be outcompeted and replaced or otherwise regarded as worthless?
>
> Ah, well that's simple. Because any decentralized system is going to have
> high transaction costs and scarcity anyway.
I've been doing system design for about 10 years and I can understand your
initial response.
I have to disagree with you, though. Surely decentralized adds an overhead,
but in its place it adds replication, redundancy and very cheap expansion of
capacity.
Remember when we went from single-core CPUs to multi-core (and
hyperthreading)? Developers were saying it was useless because all apps were
still single-threaded. And now, 15 years later, there are fantastic
frameworks to make this easy.
Same will happen with distributed. Any assumption you wrote above is not
inherent in the technology.
--
Thomas Zander
Thomas Zander [ARCHIVE] /
npub1du…vyg93
2023-06-07 15:44:02
in reply to nevent1q…v0ay
Author Public Key
npub1du3xh5wgds32a5fweqkd9k45kh30wl7kv2kyu8ugz9c2ztdg00tqqvyg93Published at
2023-06-07 15:44:02Event JSON
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"content": "📅 Original date posted:2015-07-30\n📝 Original message:On Thursday 30. July 2015 10.24.07 Bryan Bishop wrote:\n\u003e On Thu, Jul 30, 2015 at 9:52 AM, Thomas Zander via bitcoin-dev \u003c\n\u003e \n\u003e bitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e \u003e What makes you think that when there is such a low availability of\n\u003e \u003e transaction\n\u003e \u003e space that paying to be included costs you $10, that Bitcoin is not going\n\u003e \u003e to\n\u003e \u003e be outcompeted and replaced or otherwise regarded as worthless?\n\u003e \n\u003e Ah, well that's simple. Because any decentralized system is going to have\n\u003e high transaction costs and scarcity anyway.\n\nI've been doing system design for about 10 years and I can understand your \ninitial response.\n\nI have to disagree with you, though. Surely decentralized adds an overhead, \nbut in its place it adds replication, redundancy and very cheap expansion of \ncapacity.\n\nRemember when we went from single-core CPUs to multi-core (and \nhyperthreading)? Developers were saying it was useless because all apps were \nstill single-threaded. And now, 15 years later, there are fantastic \nframeworks to make this easy.\n\nSame will happen with distributed. Any assumption you wrote above is not \ninherent in the technology.\n\n-- \nThomas Zander",
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