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From: David Vorick <david.vorick@gmail.com>
Date: Fri, 31 Mar 2017 12:14:42 -0400
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Subject: Re: [bitcoin-dev] Hard fork proposal from last week's meeting
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--001a11441e4a850d38054c091be4
Content-Type: text/plain; charset=UTF-8
No one is suggesting anything like this. The cost of running a node
that could handle 300% of the 2015 worldwide nonbitcoin transaction
volume today would be a rounding error for most exchanges even if
prices didn't rise.
Then explain why PayPal has multiple datacenters. And why Visa has multiple
datacenters. And why the banking systems have multiple datacenters each.
I'm guessing it's because you need that much juice to run a global payment
system at the transaction volumes that they run at.
Unless you have professional experience working directly with transaction
processors handling tens of millions of financial transactions per day, I
think we can fully discount your assessment that it would be a rounding
error in the budget of a major exchange or Bitcoin processor to handle that
much load. And even if it was, it wouldn't matter because it's extremely
important to Bitcoin's security that it's everyday users are able to and
are actively running full nodes.
I'm not going to take the time to refute everything you've been saying but
I will say that most of your comments have demonstrated a similar level of
ignorance as the one above.
This whole thread has been absurdly low quality.
--001a11441e4a850d38054c091be4
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto"><div class=3D"gmail_extra" dir=3D"auto"><div class=3D"gma=
il_quote"><blockquote class=3D"quote" style=3D"margin:0 0 0 .8ex;border-lef=
t:1px #ccc solid;padding-left:1ex"><div class=3D"quoted-text">No one is sug=
gesting anything like this.=C2=A0 The cost of running a node<br></div>
that could handle 300% of the 2015 worldwide nonbitcoin transaction<br>
volume today would be a rounding error for most exchanges even if<br>
prices didn't rise.</blockquote></div></div><div dir=3D"auto"><br></div=
><div dir=3D"auto">Then explain why PayPal has multiple datacenters. And wh=
y Visa has multiple datacenters. And why the banking systems have multiple =
datacenters each.</div><div dir=3D"auto"><br></div><div dir=3D"auto">I'=
m guessing it's because you need that much juice to run a global paymen=
t system at the transaction volumes that they run at.</div><div dir=3D"auto=
"><br></div><div dir=3D"auto">Unless you have professional experience worki=
ng directly with transaction processors handling tens of millions of financ=
ial transactions per day, I think we can fully discount your assessment tha=
t it would be a rounding error in the budget of a major exchange or Bitcoin=
processor to handle that much load. And even if it was, it wouldn't ma=
tter because it's extremely important to Bitcoin's security that it=
's everyday users are able to and are actively running full nodes.</div=
><div dir=3D"auto"><br></div><div dir=3D"auto">I'm not going to take th=
e time to refute everything you've been saying but I will say that most=
of your comments have demonstrated a similar level of ignorance as the one=
above.</div><div dir=3D"auto"><br></div><div dir=3D"auto">This whole threa=
d has been absurdly low quality.</div><div class=3D"gmail_extra" dir=3D"aut=
o"></div></div>
--001a11441e4a850d38054c091be4--
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