Yes, it does become a bandwidth problem, but that problem is much less restrictive than long term storage of ancient irrelevant data. In the bitcoin block size debate, that was the problem for which it was argued that larger blocks lead to centralization. So it's not theoretical, the issue stemming from perpetual storage of all historical data has real world impacts today, bitcoin had to choose between decentralization and transaction throughput, and ironically choosing decentralization has led to choosing LN which has a network topology such that it trends to centralization. Ecash, an old technology that had problems nakamoto consensus solved, is now being necromanced to side step these problems also.
You have to solve the theoretical problems before adoption, or you find yourself looking for band aids and workarounds hastily when the time comes. Also as we have seen with bitcoin and the internet in general, distributed networks ossify with adoption, so its a race against that to solve them as well. You want to get to the natural limit imposed by your technology before you start employing external add ons to improve it, we aren't there with either bitcoin or Monero.
mister_monster
npub1m5…jgjl3
2024-09-02 16:59:47
in reply to nevent1q…zcg0
Author Public Key
npub1m5s9w4t03znyetxswhgq0ud7fq8ef8y3l4kscn2e8wkvmv42hh3qujgjl3Published at
2024-09-02 16:59:47Event JSON
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"content": "Yes, it does become a bandwidth problem, but that problem is much less restrictive than long term storage of ancient irrelevant data. In the bitcoin block size debate, that was the problem for which it was argued that larger blocks lead to centralization. So it's not theoretical, the issue stemming from perpetual storage of all historical data has real world impacts today, bitcoin had to choose between decentralization and transaction throughput, and ironically choosing decentralization has led to choosing LN which has a network topology such that it trends to centralization. Ecash, an old technology that had problems nakamoto consensus solved, is now being necromanced to side step these problems also.\n\nYou have to solve the theoretical problems before adoption, or you find yourself looking for band aids and workarounds hastily when the time comes. Also as we have seen with bitcoin and the internet in general, distributed networks ossify with adoption, so its a race against that to solve them as well. You want to get to the natural limit imposed by your technology before you start employing external add ons to improve it, we aren't there with either bitcoin or Monero.",
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