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    Author Topic: BTC.value = if(you_can_get_blocksize_together = 10K, dead);  (Read 2190 times)
    AngryDwarf
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    March 16, 2017, 10:59:17 AM
     #41

    So bitcoin limiting itself is just slow suicide as competitor systems are improving.

    Right, and none of those financial companies would dream of jeopardising their very valuable trading systems by pushing the network resources used right up to the limit, they would employ a provable margin of safety, and find a better way to improve their transaction rate. This is not difficult to understand

    When the system nears max capacity traders find there positions (balance) are unreliably backlogged and they can no longer make fully informed decisions. You argue with the technology manager that near system capacity usage is actually a bottleneck, and a hardware upgrade is required. The trading manager is so frustrated that he is willing to sign off the budget for the new hardware. On the new hardware the system keeps up, and actually uses less processing power than before, and is far more responsive (less latency). The traders then thank the employee who argued with the stubborn technology manager.

    Real world example, BTW.

    In bitcoins case, emergent consensus could be used to restrict capacity to technological capacity:

    https://bt.irlbtc.com/view/1828428.msg18204464#msg18204464

    Scaling and transaction rate: https://bt.irlbtc.com/view/532.msg6306#msg6306
    Do not allow demand to exceed capacity. Do not allow mempools to forget transactions. Relay all transactions. Eventually confirm all transactions.
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