If only block size doubled with each halving, that would be great 🐶🐾🫡
Discussion
Make the block size a function of mempool size.
Standard mempool size = 300mb
Max mempool size = 2gb
If size < 300mb -> block standard size.
If size = 1.8Gb -> block size 3x standard size.
Adjust every 600 blocks.
Mempool size will always be maxed though. 😅
As long as there is enough space to have transactions at reasonable fee rate, anything works 🐶🐾🫡
demand basis is never going to work, people are retarded
it's the supply that matters
the cost of storing the chain has not dropped as much as the per byte cost of storage because the chain grows so some of the gains in efficiency via cost of storage are eateng by the growth of the chain
i think it's safe to say when 256T is small that we can say bitcoin can have bigger blocks
that's at least 10 years away by my estimation
Lol each block would be 9 petabytes after 33 halvings
How many ears in the future? 🐶🐾🫡
We started with 640kb of ram and 512kb disks at some point in the past. Even much less in the beginning 🐶🐾🫡
If you’re curious as to why the block size is the way it is, an interesting read is “the blocksize wars” by Jonathan Bier. It’s very entertaining!
🐶🐾🫡🫂
