{"type":"rich","version":"1.0","author_name":"npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58","author_url":"https://nostr.ae/npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-05-07\n📝 Original message:On Thu, May 7, 2015 at 9:40 PM, Tom Harding \u003ctomh at thinlink.com\u003e wrote:\n\n\u003e On 5/7/2015 12:54 PM, Jeff Garzik wrote:\n\u003e \u003e 2) Where do you want to go?  Should bitcoin scale up to handle all the\n\u003e \u003e world's coffees?\n\u003e\n\u003e Alan was very clear.  Right now, he wants to go exactly where Gavin's\n\u003e concrete proposal suggests.\n\u003e\n\nG proposed 20MB blocks, AFAIK - 140 tps\nA proposed 100MB blocks - 700 tps\nFor ref,\nPaypal is around 115 tps\nVISA is around 2000 tps (perhaps 4000 tps peak)\n\nI ask again:  where do we want to go?   This is the existential question\nbehind block size.\n\nAre we trying to build a system that can handle Paypal volumes?  VISA\nvolumes?\n\nIt's not a snarky or sarcastic question:  Are we building a system to\nhandle all the world's coffees?  Is bitcoin's main chain and network -\nLayer 1 - going to receive direct connections from 500m mobile phones,\nbroadcasting transactions?\n\nWe must answer these questions to inform the change being discussed today,\nin order to decide what makes the most sense as a new limit.  Any\nresponsible project of this magnitude must have a better story than \"zomg\n1MB, therefore I picked 20MB out of a hat\"  Must be able to answer /why/\nthe new limit was picked.\n\nAs G notes, changing the block size is simply kicking the can down the\nroad: http://gavinandresen.ninja/it-must-be-done-but-is-not-a-panacea\nNecessarily one must ask, today, what happens when we get to the end of\nthat newly paved road.\n\n-- \nJeff Garzik\nBitcoin core developer and open source evangelist\nBitPay, Inc.      https://bitpay.com/\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150507/f1a12b68/attachment.html\u003e"}