{"type":"rich","version":"1.0","author_name":"npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2","author_url":"https://nostr.ae/npub1m230cem2yh3mtdzkg32qhj73uytgkyg5ylxsu083n3tpjnajxx4qqa2np2","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2015-05-07\n📝 Original message:On Thu, May 07, 2015 at 06:21:50PM +0200, Jorge Timón wrote:\n\u003e On Thu, May 7, 2015 at 4:52 PM, Gavin Andresen \u003cgavinandresen at gmail.com\u003e wrote:\n\u003e \u003e I would very much like to find some concrete course of action that we can\n\u003e \u003e come to consensus on. Some compromise so we can tell entrepreneurs \"THIS is\n\u003e \u003e how much transaction volume the main Bitcoin blockchain will be able to\n\u003e \u003e support over the next eleven years.\"\n\u003e \n\u003e Mhmm, I hadn't thought about this. This makes sense and actually\n\u003e explains the urgency on taking a decision better than anything else\n\u003e I've heard.\n\nI've spent a lot of time talking to companies about this, and the\nproblem is telling them that isn't actually very useful; knowing the\nsupply side of the equation isn't all that useful if you don't know the\ndemand side. Problem is we don't really have a good handle on what\nBitcoin will be used for in the future, or even for that matter, what\nit's actually being used for right now.\n\nAs we saw with Satoshidice before and quite possibly will see with smart\ncontracts (escrows, futures, etc) it's easy for a relatively small\nnumber of use cases to drive a significant amount of transaction volume.\nYet, as Wladimir and others point out, the fundemental underlying\narchitecture of the blockchain has inherently poor O(n^2) scaling, so\nthere's always some level of demand where it breaks, and/or incentivizes\nactors in the space to push up against \"safety stops\" like soft\nblocksize limits and get them removed.\n\nNote how the response previously to bumping up against soft policy\nlimits was highly public calls(1) at the first hint of touble: \"Mike\nHearn: Soft block size limit reached, action required by YOU\"\n\n1) https://bitcointalk.org/index.php?topic=149668.0\n\n-- \n'peter'[:-1]@petertodd.org\n000000000000000002761482983864328320badf24d137101fab9a5861a59d30\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 650 bytes\nDesc: Digital signature\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150507/e4fcb555/attachment.sig\u003e"}