📅 Original date posted:2017-09-01
📝 Original message:On Friday, 1 September 2017 14:47:08 CEST Cserveny Tamas via bitcoin-dev
wrote:
> The fundamental problem is that if the miners add capacity it will only
> increase (protect) their share of block reward, but does not increase the
> speed of transactions.
Adding more space in blocks has no effect on the block-reward. It does
actually increase the throughput speed of transactions.
> This will only raise the fee in the long run with
> the block reward decreasing.
Also this is exactly the opposite of what actually happened.
> The current chain is effectively single threaded.
This is not true, since xthin/compactblocks have been introduced we
completely removed this bottle-neck.
The transactions will be validated continuously, in parallel and not just
when a block is found.
--
Tom Zander
Blog: https://zander.github.io
Vlog: https://vimeo.com/channels/tomscryptochannel
Tom Zander [ARCHIVE] /
npub1mj…dxnq7
2023-06-07 18:05:13
in reply to nevent1q…h9nn
Author Public Key
npub1mju50kqcm07heu967fkq6h4kq666xgekc4yrldf7q52xx9vr8jnsrdxnq7Published at
2023-06-07 18:05:13Event JSON
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"content": "📅 Original date posted:2017-09-01\n📝 Original message:On Friday, 1 September 2017 14:47:08 CEST Cserveny Tamas via bitcoin-dev \nwrote:\n\u003e The fundamental problem is that if the miners add capacity it will only\n\u003e increase (protect) their share of block reward, but does not increase the\n\u003e speed of transactions.\n\nAdding more space in blocks has no effect on the block-reward. It does \nactually increase the throughput speed of transactions.\n\n\u003e This will only raise the fee in the long run with\n\u003e the block reward decreasing.\n\nAlso this is exactly the opposite of what actually happened.\n\n\u003e The current chain is effectively single threaded. \n\nThis is not true, since xthin/compactblocks have been introduced we \ncompletely removed this bottle-neck.\nThe transactions will be validated continuously, in parallel and not just \nwhen a block is found.\n\n-- \nTom Zander\nBlog: https://zander.github.io\nVlog: https://vimeo.com/channels/tomscryptochannel",
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