[Cryptography] Bitcoin blocksize limit can be removed

[Lodewijk andré de la porte]

2015-11-12 4:59 GMT+01:00 Ryan Carboni <ryacko at gmail.com>:

> I already suggested an improvement, to avoid a tragedy of the commons, you
> need the block size itself to cost the miner bitcoins, and for the mining
> rate to be variable based on total hashing power.


Are you trolling? Mining costs plenty, adding transactions to a block is
not actually rewarded except by the tx fee's. There is already a cost to
larger blocks; you have to send it out and get the network to commit to
your block: the larger the block, the longer the transmission time, the
larger the chance another block will beat yours! It seems marginal, but if
you have greater scale the cost increases too. (it's also the
principle reason for having such slow blocks)
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