I've heard this a few times online despite not really knowing anything about Roger Ver. I am capable of coming to logical conclusions on my own.
> 1mb limit isn’t stupid, it’s what creates the fee market which makes spamming the blockchain very costly and keeps blockchain size in check.
Very costly in the sense that an individual Bitcoin transaction curently costs about $20, an order of magnitude more than my bank transfers cost.
> Already you wouldn’t be able to sync the ethereum chain from genesis block, I can still do that on raspberry pi node in less than two weeks.
I literally synced the Ethereum chain on my laptop last weekend.
> Whether the limit should be upped is still a question up for debate
This is only true if you are using the phrase "up for debate" in the sense that smoking being bad for you is up for debate, or that we should do something about climate change is up for debate, or that net neutrality is up for debate: there are powerful self-interested actors for whom the obvious conclusion is expensive.
> Very costly in the sense that an individual Bitcoin transaction curently costs about $20
you've cherry-picked the exact point in time when due to various factors ("civil war" between bitcoin and bitcoin cash supporters, propaganda campaigns, price rally) transaction fees are at their peak. if you look at the graph - https://jochen-hoenicke.de/queue/#all you'll realize that for majority of this year transaction fees were well below 50c. this is what happens if you blindly believe the echo chamber.
besides, i'm not convinved all and every transaction belong on the chain. chain provides bunch of very strong guarantees that no other system in the world provides - it's ridiculous to claim that those guarantees are not worth anything.
> I literally synced the Ethereum chain on my laptop last weekend.
lol, nope. let me guess, `geth --fast`? well, i suggest you go read up on what `--fast` means. i challenge you to try syncing from the genesis block.
> This is only true if you are using the phrase "up for debate" in the sense that smoking being bad for you is up for debate
no, it is literally up for debate. there is a multitude of bottlenecks involved in having a healthy blockchain and a network around it, they are all affected by bumping the blocksize in non-trivial ways through secondary and tertiary effects. and it's not even obvious we can handle the primary effect of growing blockchain and utxo set - that quite literally leads to centralization of full nodes via making it prohibitively expensive to run it which runs against one of the core tenets of bitcoin itself.
I picked this number because it's what I paid yesterday
> lol, nope. let me guess, `geth --fast`? well, i suggest you go read up on what `--fast` means. i challenge you to try syncing from the genesis block.
I used Parity, and instead of suggesting I "go read up on" something I already understand, maybe you'd be more convincing if you made an argument as to why the difference should matter (it doesn't).
> bunch of broad, abstract claims
I can't argue with any of those because you didn't provide any reasoning or facts to address.
> I picked this number because it's what I paid yesterday
right, so you got unlucky and now you're sad, i get it. just don't start misrepresenting what's actually happening.
> the rest
there is plenty written on both scaling and checkpointing/snapshotting, seems you've picked your side, don't see the point spending my sunday evening convincing you of anything. time will tell.
I've heard this a few times online despite not really knowing anything about Roger Ver. I am capable of coming to logical conclusions on my own.
> 1mb limit isn’t stupid, it’s what creates the fee market which makes spamming the blockchain very costly and keeps blockchain size in check.
Very costly in the sense that an individual Bitcoin transaction curently costs about $20, an order of magnitude more than my bank transfers cost.
> Already you wouldn’t be able to sync the ethereum chain from genesis block, I can still do that on raspberry pi node in less than two weeks.
I literally synced the Ethereum chain on my laptop last weekend.
> Whether the limit should be upped is still a question up for debate
This is only true if you are using the phrase "up for debate" in the sense that smoking being bad for you is up for debate, or that we should do something about climate change is up for debate, or that net neutrality is up for debate: there are powerful self-interested actors for whom the obvious conclusion is expensive.