On Thu, Jul 21, 2011 at 8:41 AM, Sampo Syreeni wrote:

On 2011-07-21, Marsh Ray wrote:

I guess I don't see the need to do bitcoin crypto transactions at that

...

speed any more than the other high-speed exchanges need to rapidly move stock certificates, hard cash, or perform ACH/EFTs.

That's probably true. But then, HST is just an example of a mechanism which creates prodigious amounts of transaction data. There are others, starting simply with wide enough adoption of Bitcoin. So if the amount of transaction data being shipped around can become a bottleneck here, it could indicate a scalability limit on Bitcoin in more realistic situations.

In practice, trades on Bitcoin exchanges don't create transactions in the Bitcoin crypto log; you can even give Bitcoins to one another within an exchange for the cost of an API call. It's only when money is transferred into our out of the exchange that a "real" transaction needs to be created, whether though Bitcoin or through a bank. Private markets can help aggregate small transactions. Of course, this presumes you trust the exchange, which is a different matter. n _______________________________________________ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography ----- End forwarded message ----- -- Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE