0 sats \ 2 replies \ @SlackerStacker OP 25 Jul 2023 \ on: ✂️ high band width more base layer transactions? bitcoin
I saw this clip today and I cant quite wrap my head around what Elon means. Is this mechanic real? I can't understand how higher bandwidth could mean more base layer transactions. He is talking about a hypothetical about a different crypto currency. What i want to know is does this actually make sense? (Sorry, I know this is a strange way to ask a question but i'm new and couldn't figure out how to ask my question in the post with the clip.)
Lol oh yeah.
This basically goes back to blocksize wars discussion, but ultimately, smaller blocks higher fees, with most transactions happening off-chain (on-chain fee being shared by multiple people I think is the goal here) is what won out.
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well in this clip I think he is more talking about reducing the time between blocks without increasing reorgs because propagation would be so much faster if everyone on the network had 1gb upload speeds rather then increasing block size.
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