"If you don't believe me or don't get it, I don't have time to try to convince you, sorry." - Satoshi
Nakamoto
satoshi Re: Scalability and transaction rate
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The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own
& NNTP server, The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms.
The rest will be client nodes that only do transactions and don't generate.
Quote from: bytemaster on July 28, 2010, PM
Besides, 10 minutes is too long to verify that payment is good. It needs to be as fast as swiping a credit card ts today.
See the snack machine thread, I outline how a payment processor could verity
http:
payments well enough, actually really well (much lower fraud rat credit cards), in like 10 seconds or less.
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry." - Satoshi Nakamoto satoshi Re: Scalability and transaction rate I Founder July 29, 2010, AM Sr, Member Merited by MicroGuy (50), Imt (50), Oghasty (10), BayAreaCoins (10), mindrust (10), I Mirkotta (10), (2), xivohang07 Balthazar (1), EFS ediever (1), (8), Techtk (5), franckuestein ETPoitcoin (1), coolcoing (1), 2), LoyceV (2), Balthazar (1), EFS (1), StarenseN (1), ETPoitcoin (1), coolcoing (1), Abraxasces (1), d57heinz (1), xtraelv (1), bitmover (1), Husna QA (1), ChiBitCTy (1), VB1001 (1), BARF (1), tarmo888 (1), dgmon (1), SolidLiquid (1), astrocity1981 (1), Risex I I Activity: Merit: 364 2713 (1), wiadston (1), cmacwuz (1) Merit: 2713 The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own & NNTP server, The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate. Quote from: bytemaster on July 28, 2010, PM Besides, 10 minutes is too long to verify that payment is good. It needs to be as fast as swiping a credit card ts today. See the snack machine thread, I outline how a payment processor could verity http: payments well enough, actually really well (much lower fraud rat credit cards), in like 10 seconds or less.