📅 Original date posted:2015-10-27
📝 Original message:
On Tue, Oct 27, 2015 at 10:38:52AM +0100, Pierre wrote:
> You seem to be considering that bitcoin tx and lightning tx are completely
> independent, which is not entirely true because of anchor transactions.
> While this is certainly a valid assumption, maybe it would be worth stating
> it explicitely ?
Yep.
I'm not sure what the frequency of anchor transactions is likely to
be. If you consider 10% adoption to be 30M users (10% of US population),
each of whom does an anchor and claim once a month, that would be 720M
transactions, at 500B/tx that's an extra 7MB per block, compared to the
8MB of high value transactions we were taking from Visa at 10% adoption.
If anchor/claim happens once a year on average, instead of every month,
that would be an extra 570kB compared to the same 8MB.
(Using Metcalfe's law, 10% adoption by transaction volume might actually
require 94M users (P(tx via btc) = P(userA has btc) * P(userB has btc)
= 94/300*94/300 = 0.098 ~= 10%; so 21MB or 1.8MB in lightning anchor/tx
txs compared to 8MB of high-value ex-Visa transactions per block)
Cheers,
aj
Anthony Towns [ARCHIVE] /
npub17r…x9l2h
2023-06-09 12:45:00
in reply to nevent1q…p5h5
Author Public Key
npub17rld56k4365lfphyd8u8kwuejey5xcazdxptserx03wc4jc9g24stx9l2hPublished at
2023-06-09 12:45:00Event JSON
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"content": "📅 Original date posted:2015-10-27\n📝 Original message:\nOn Tue, Oct 27, 2015 at 10:38:52AM +0100, Pierre wrote:\n\u003e You seem to be considering that bitcoin tx and lightning tx are completely\n\u003e independent, which is not entirely true because of anchor transactions.\n\u003e While this is certainly a valid assumption, maybe it would be worth stating\n\u003e it explicitely ?\n\nYep.\n\nI'm not sure what the frequency of anchor transactions is likely to\nbe. If you consider 10% adoption to be 30M users (10% of US population),\neach of whom does an anchor and claim once a month, that would be 720M\ntransactions, at 500B/tx that's an extra 7MB per block, compared to the\n8MB of high value transactions we were taking from Visa at 10% adoption.\nIf anchor/claim happens once a year on average, instead of every month,\nthat would be an extra 570kB compared to the same 8MB.\n\n(Using Metcalfe's law, 10% adoption by transaction volume might actually\nrequire 94M users (P(tx via btc) = P(userA has btc) * P(userB has btc)\n= 94/300*94/300 = 0.098 ~= 10%; so 21MB or 1.8MB in lightning anchor/tx\ntxs compared to 8MB of high-value ex-Visa transactions per block)\n\nCheers,\naj",
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