RE: Hive Scaling vs Bitcoin
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I see no problem for bigger blocks. And longterm Blocks will become bigger. The tech also increase. 10MB are not the same 10MB 10 years ago ( from % viewpoint).
I think hive has the ability to adapt. So everything can come if needed and wanted.
Infrastructure is also 100x cheaper than at the start. So for that point on the technical level, there is much space to adapt.
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With all due respect: you see no problem for bigger blocks because you personally get all of the benefit with none of the downside. Your opinion on the matter would change immediately if you were running a node that just got 10x more expensive to run.
Agree. But at the moment it cost around 60$ ( not sure its full node).
If more use ( demand) price should increase. If we see a problem it becomes to centralize we can reward not only top 20 high ( because they can pay anyway).
like split rewards more or increase the rewards by some %.
It's not impossible. @pharesim write some time ago, a node cost him years back around 1000$ a month. today he pays under 100$.
So it's super cheap compared to any other chain.
even if blocksize increase by a factor 20, would not increase the cost by factor 20. Would be lower. And disc space is cheap.
Sure if we came to a point we would need 1000x more space, sidechains are the solution or witnesses becomes datacenters. I agree 100% with you at this point. Because at this point it will become centralized ( but only on today's tech).
We don't know what the future brings and 10 years or even 5 years, the tech can become again 10x (or higher if we look back all around 400 days factor 1.7-2 from the past).
So I don't worry that much. Also, work can be done like in the past and make the system cheaper. I would really love to hear @blocktrades about this topic, because I'm sure he knows more about it as we both :)
Edit: and bigger Blocks make hive more valuable? It should be like a solar panel that generates x of MWH and not generates more. So the value should increase? Depending on demand? So the system should be able to fix itself if demand is high enough.
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There are many variables to consider.
It's an interesting push-pull between the spectrum of decentralization.
I'm reasonably sure we could increase blocksize by 20x or more (and the resulting traffic) without much stress on the hived nodes. BitShares creates blocks up to at least 1MB, IIRC, and even that was a somewhat arbitrary limit we set.
The more likely stress point right now would be hivemind, but I'm sure further optimizations could be made there to alleviate any such issue.
But you're right, for now there's no strong reason for witnesses to vote to increase the block size yet, I think. It's done by median of witness consensus voting, so we can rapidly change it if it that seems like a good thing to do at some point due to traffic increases.
thanks for answer :)
That's good to hear from you! :) Long-term IMO hive will have no scaling issues, adopt if needed is the best and most cost-efficient thing we can have.