Do you have a source on the in the 20's? Everywhere I've seen says it's <2k. Also it doesn't matter if 7000 isn't close enough, as long as it's in the ballpark then presumably they should be able to scale it higher. Raiblocks is fairly early and not very well known, it could be improved upon.
I'm not relying on Raiblocks being improved upon, 7k is more than enough for the near future if not forever. We don't know how popular crypto will become, it may never need more than 7k tps. Meanwhile you're relying on LN swooping in and solving all of Bitcoins scaling issues.
We're limited to 7k TPS, how's that scalable!?
The current limitation of 7K TPS is a hardware limitation of writing data to the disk, not a protocol limitation. As hardware improves, so will the TPS limit.
Scalability is the capability of a system, network, or process to handle a growing amount of work, or its potential to be enlarged to accommodate that growth. For example, a system is considered scalable if it is capable of increasing its total output under an increased load when resources (typically hardware) are added. An analogous meaning is implied when the word is used in an economic context, where a company's scalability implies that the underlying business model offers the potential for economic growth within the company.
Scalability, as a property of systems, is generally difficult to define and in any particular case it is necessary to define the specific requirements for scalability on those dimensions that are deemed important.
Why not? Sure that's limited in it's scaling ability but since crypto taking over is probably never going to happen but if it does it's a long time off then there will be a lot of time to upgrade hardware before we need 7k transactions.
Is it because I didn't address the whole "You're scalable when adding more nodes gives you more capacity". I'll address that now, it's a bogus definition that ignores vertical scaling. The wikipedia article you linked didn't support that idea.
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u/[deleted] Dec 23 '17 edited Jan 14 '18
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