Author: Jim Phillips 2015-05-26 08:29:31
Published on: 2015-05-26T08:29:31+00:00
A discussion took place between Jim Phillips and Thy Shizzle on the Bitcoin-development mailing list. The main topic of discussion was how to increase transaction capacity for Bitcoin. Phillips argued that the network was not currently constrained by disk, CPU, or RAM, but rather by bandwidth. He suggested expanding the block size to 20MB as soon as possible to increase capacity by 20-fold. He also noted that concerns about centralization of relays should be unfounded since there are enough ISPs and cloud compute providers in the world.On the other hand, Shizzle disagreed with Phillips' proposal, arguing that 20MB blocks would slow down block propagation and blow out confirmation times. Instead, he suggested decreasing the time it takes to create a 1MB block to increase transaction throughput while retaining current propagation times. Gabe Appleton raised concerns about changing the block time affecting supply curves due to truncation. However, Phillips dismissed these concerns as trivial and pointed out that the cost of running a full node on a leased server with multiple 1Gbps connections is almost zero.Finally, James G. Phillips IV shared a quote from David Ogilvy and reminded readers that his message was created with 100% recycled electrons.The Bitcoin-development mailing list serves as an open forum for discussions related to the development of Bitcoin. It can be accessed through the email address bitcoin-development@lists.sourceforge.net or through the provided link https://lists.sourceforge.net/lists/listinfo/bitcoin-development. The mailing list is moderated to ensure that only relevant and appropriate content is shared. Users are required to adhere to certain guidelines, including avoiding spamming, posting inappropriate content, or submitting posts that could cause harm to others. Additionally, users are expected to maintain respectful and professional conduct while participating in discussions on the mailing list.The Bitcoin-development mailing list has been instrumental in facilitating the growth and development of the Bitcoin community. It has allowed developers and enthusiasts from around the world to collaborate and contribute to the ongoing development of Bitcoin. Through the mailing list, members have been able to share their knowledge and experience, identify bugs and other issues, suggest improvements, and propose new features for the Bitcoin protocol. Overall, the Bitcoin-development mailing list serves as an important resource for anyone interested in the development of Bitcoin.
Updated on: 2023-06-09T21:04:50.449679+00:00