📅 Original date posted:2017-03-31
📝 Original message:No one is suggesting anything like this. The cost of running a node
that could handle 300% of the 2015 worldwide nonbitcoin transaction
volume today would be a rounding error for most exchanges even if
prices didn't rise.
Then explain why PayPal has multiple datacenters. And why Visa has multiple
datacenters. And why the banking systems have multiple datacenters each.
I'm guessing it's because you need that much juice to run a global payment
system at the transaction volumes that they run at.
Unless you have professional experience working directly with transaction
processors handling tens of millions of financial transactions per day, I
think we can fully discount your assessment that it would be a rounding
error in the budget of a major exchange or Bitcoin processor to handle that
much load. And even if it was, it wouldn't matter because it's extremely
important to Bitcoin's security that it's everyday users are able to and
are actively running full nodes.
I'm not going to take the time to refute everything you've been saying but
I will say that most of your comments have demonstrated a similar level of
ignorance as the one above.
This whole thread has been absurdly low quality.
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David Vorick [ARCHIVE] /
npub14h…9yjx0
2023-06-07 17:58:28
in reply to nevent1q…22cg
Author Public Key
npub14h948ndawt32ps3y225sslch8344tmw8k5z0lxuxr6wq9tu6sl2qj9yjx0Published at
2023-06-07 17:58:28Event JSON
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"content": "📅 Original date posted:2017-03-31\n📝 Original message:No one is suggesting anything like this. The cost of running a node\nthat could handle 300% of the 2015 worldwide nonbitcoin transaction\nvolume today would be a rounding error for most exchanges even if\nprices didn't rise.\n\n\nThen explain why PayPal has multiple datacenters. And why Visa has multiple\ndatacenters. And why the banking systems have multiple datacenters each.\n\nI'm guessing it's because you need that much juice to run a global payment\nsystem at the transaction volumes that they run at.\n\nUnless you have professional experience working directly with transaction\nprocessors handling tens of millions of financial transactions per day, I\nthink we can fully discount your assessment that it would be a rounding\nerror in the budget of a major exchange or Bitcoin processor to handle that\nmuch load. And even if it was, it wouldn't matter because it's extremely\nimportant to Bitcoin's security that it's everyday users are able to and\nare actively running full nodes.\n\nI'm not going to take the time to refute everything you've been saying but\nI will say that most of your comments have demonstrated a similar level of\nignorance as the one above.\n\nThis whole thread has been absurdly low quality.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20170331/5ce1e10b/attachment.html\u003e",
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