> When you blow up the transaction limit you physically centralize the verification process.
What numbers are you basing that on? Bitcoin is 1.5KB/s. A $10 vps is 80,000 times faster than that.
> because fractions of a second make a big difference
No they don't. The examples you are talking about are rare and have very little impact. If the entire network makes blocks once every 10 minutes on average, each miner finds blocks much less frequently.
> Bigger blocks propagate more slowly, and magnify the advantage of employing those kinds of undesirable behaviors. This is why HFT boxes end up as physically close to Wall Street as possible.
Where are your numbers here? How long do you think it takes to send around 900KB ?
A single twitch stream will propagate more than that around the world every second to thousands of individuals. Cryptocurrency only has to send the same tiny amount of data every few minutes to miners.
High frequency traders trying to be physically closer to a connection are operating on the scale of single micro seconds. You are comparing that to something 600 MILLION times slower.
What numbers are you basing that on? Bitcoin is 1.5KB/s. A $10 vps is 80,000 times faster than that.
> because fractions of a second make a big difference
No they don't. The examples you are talking about are rare and have very little impact. If the entire network makes blocks once every 10 minutes on average, each miner finds blocks much less frequently.
> Bigger blocks propagate more slowly, and magnify the advantage of employing those kinds of undesirable behaviors. This is why HFT boxes end up as physically close to Wall Street as possible.
Where are your numbers here? How long do you think it takes to send around 900KB ?
A single twitch stream will propagate more than that around the world every second to thousands of individuals. Cryptocurrency only has to send the same tiny amount of data every few minutes to miners.
High frequency traders trying to be physically closer to a connection are operating on the scale of single micro seconds. You are comparing that to something 600 MILLION times slower.