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RE: Hey Bitcoin, where did all the transaction go?
Increase in block size will require more resources for nodes and hence push control to the miners with large infrastructures. It will force consolidation and wont be good for the bitcoin ecosystem. My personal view is decreasing the block size could actually help in improving scalability as transactions can get confirmed faster.
That's interesting but even if we can rise TPS with this system, POW will still consume to much energy and it's exponential. Over long term I hope Bitcoin will switch to a "greener" consensus protocol.
A great paper on this http://bitfury.com/content/5-white-papers-research/block-size-1.1.1.pdf
thanks for this, I'll read it !
I don't understand this argument. Increasing resource requirements for nodes isn't really a big deal. Nodes don't require much, they require data speed and data storage, that's it. Why would miners have an advantage? Anyone can buy a 10TB HDD and be perfectly capable of acting as a node for years.