HD Bitcoin Q&A: Scaling is a moving target

Bitcoin Q&A: Scaling is a moving target

Master 2395 роликов

Scaling solutions, advantages and disadvantages. I won't take a position on scaling options for a simple reason: I think we will do all of them. SegWit, second layer implements like Lightning Network, increasing the base block size with 4-8 Mb of capacity, Schnorr signatures, Spoonnet. Scaling is not something that is solved once; scaling is a moving target, an aspiration. As you achieve each level of scale, that opens the door for new applications; solving current problems creates the opportunity for new problems. The internet has been failing to scale for 25 years. Email, image attachments, audio, video, high-definition video, livestreaming, holographic virtual reality, etc. We have a system that allows for global transactions, without borders, a level of planetary scale immutability. As soon as we make it faster and cheaper, people will want to put _more_ data on the blockchain. We will reach Visa scale and then surpass Visa scale on an exponential curve. We can never «fix» scaling. All we can do is hope to continue to fail to scale gracefully. Solutions that are technically sensible, maintainable, and don't violate the core principles of decentralisation. We can change the rules as often as we like, but we should not appoint rulers.This talk took place on June 6th 2017 at a joint meet-up with Blockchain Professionals, BitcoinSYD and SydEthereum in Sydney, Australia: RELATED:Why we should worry about optimisation, not scaling — The Lightning Network — Lightning, full nodes, and miners — Bitcoin, Lightning, and Streaming Money — Rules vs. Rulers — The Scaling Rites of Passage — Altcoins and the scaling debate — Unlimited vs. Cypherpunks — Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.Follow on Twitter: @aantonop Website: He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.THE INTERNET OF MONEY, v1: MASTERING BITCOIN: [NEW] MASTERING BITCOIN, 2nd Edition: Subscribe to the channel to learn more about Bitcoin & open blockchains!If you want early-access to talks and a chance to participate in a monthly LIVE Q&A with Andreas, become a patron: Outro Music: «Unbounded» by Orfan (https://www.facebook.com/Orfan/)Outro Graphics: Phneep (http://www.phneep.com/)Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
New number one fan!
HAVE YOU CHECKED OUT IOTA? its nicked named the bitcoin killer
Henrik Christensen
25G mobile network
Good video he is the best at explaining this hands down!
Daniil Dimitrov
Yes do you think IOTA can become successful?
alvaro ruiz
Publishing this today looks sort of an statement
BTC Mary
Andreas, Please comment on BIP 148, the likelihood that it may cause a serious and destabilising fork, the possibility that we will have a permanent split (like ETH/ETC) and finally what is your opinion on what will likely be the «winner» after 1st August, thanks
Samuel Kusenuh
I admire your relativation and perspective AA keep up!
Sebastian Keutmeier
i like andrew, but i really dont see how he thinks bitcoin will ever change. We now have experienced 2 years scaling-war, there is still no solution. How can somebody expect future changes to be quicker?
Micropayments on bitcoin? Will never happen.
development within bitcoin? will never happen.
CJ Talladen
the issues​ of scale is an example of Parkinsons Law and Bitmains approach is not sustainable at all
Seabass Chen
haha vey good and funny as well
santos so
Monero's dynamic block size is a great idea.
Broadhurst Gardens
Time to get off the fence and state your views on BIP148 v Bitmain
No one better at taking on highly technical material, cooking it down to pedestrian level and making it understandable. This coupled with one of the few people that seem to have a non emotional attachment to this technology and an absolute fluency in it as well. Thank you AA!!!
David Suggitt
«When someone is holding their hands behind theirback and the hands are positioned in a palm in palm gesture, this not only exposes the entire front of the person's body but is a display of fearlessness, superiority, as well as confidence in themselves.»
David Suggitt
«When someone is holding their hands behind theirback and the hands are positioned in a palm in palm gesture, this not only exposes the entire front of the person's body but is a display of fearlessness, superiority, as well as confidence in themselves.»
Bruce Crawford
Oh man. I just love watching these. It gets me right back on track. Thank You for your work
ddd r
i love this video
Jiany Mass
Damm. He's right… Can't solve scaling.
The way nature solves the scaling problem is by using the fibonacci series. Could a cryptocurrency do the same?
my hero!!!
Roy Wessbecher
Love the big picture view! What happens to those who block progress (prevent scaling) for petty short-term gains? Do they get crushed and flushed (I hope so) or do they stay to remain sand in the gears that ruin that particular engine (Bitcoin), allowing other engine designs to emerge (alt-coins)? BIP 148 is, among other things, a long overdue oil change.
it's obvious he wants segwit!!! invest in bitcoin
Max D
I love hearing Andreas talk to an audience. I am self-employed and had to do a brief 10 minute presentation today. He's much better than me.
john b
I don't know but am hopeful. The deep state always had a huge stake in scaling the internet. The opposite is true for bitcoin.
lol, andreas
New cryptocurrency has born, Bitcoin and Ethereum beater. IOTA
Tom Kopfensteiner
I am excited.
What about SegWit2X? Is it sècure? Then why Core devs don't support it?
Julio Moros
Quadratic HAshing Problem:
A Ray
coinbase sucks
Roger Marx
Fantastic video, thank you.
Naima Zakaria
The mans a legend.