That model is a network queuing model. The blockchain size is then transaction size and that sets the queue length. The block chain size is the smallest block of bitcoin transaction that is decomposed.. Any thing smaller than the block chain size is processed by a clearing agent, a bank. So, Bitcoin fixed the block chain size, fine leave it be. Bitcoin will find financial markets for which the block chain size is chump change'.
Banker bot adjusts the block chain size to match the queue size according to how them transaction sequence is organized. Then banker bot ends up with the optimum betting graph which can generate a representative set of transaction. The market participants then say,yea, that is 'chump change'.
Its self adapting, the boson and femion statistics adjust to each other.
What is left for bankers to do? Go out and recruit transactors for which the general block chain size fits.
No comments:
Post a Comment