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Update about.html #143
Conversation
sipa
commented on the diff
Apr 19, 2013
| <ul> | ||
| - <li>Long block chain (more than 220,000 blocks).</li> | ||
| - <li>A lot of processing power securing transactions - estimated at over 25 terahashes/s.</li> | ||
| - <li>Over $1 million USD of daily trade volume distributed across 40,000 transactions.</li> | ||
| - <li>Total value of all bitcoins in circulation is over $300 million.</li> | ||
| - <li>Only one major <a href="https://en.bitcoin.it/wiki/Incidents#Value_overflow">security incident</a> in the protocol (fixed in August 2010).</li> | ||
| + <li>Long blockchain with more than 232,000 blocks.</li> | ||
| + <li>The largest distributed computing network in the world with more than 65 terahashes per second and over 800 petaflops. For comparision the United States Department of Energy's Triton, the <a href="http://www.engadget.com/2012/11/12/titan-supercomputer-leads-latest-top-500-list-as-newly-available/">world's top supercomputer</a>, has approximately 18 petaflops.</li> |
sipa
Contributor
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Then this sentence needs to be reworded to be more accurate since the current version states 'over 25 terahashes/s'. What would you suggest as more accurate language for this sentence to convey the size of the network, its perceived strength and relative size? |
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Terahashes/s is a valid measurement of mining efforts, unlike FLOPs. |
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The terahashes/FLOPs issue was already discussed here : bitcoin#44 How about using this language : |
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We need something accurate but understandable for the average person and the main thrust should be to accomplish an understanding of the approximate size of the network and compare and contrast it with another project like Titon. Including the word terahash or petaflop is already going to lose 99% of the audience. Using x86 CPU is going to be even more confusing. Thus, would adding a few qualifying words like this make the sentence technically accurate? "The largest distributed computing network in the world with computer processing power approximately equal to more than 65 terahashes per" |
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I don't think you can contrast them... SHA256d is not <whatever Titon is doing>. |
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The language issue was not resolved in #44. The argument against this update would logically require the current sentence to be struck. I laid out the case for what needs to be done from a marketing perspective. Do you have any suggestions for how the sentence should be worded? Otherwise, in the interest of accuracy we should strike the current statement and replace it with nothing but this will have a negative effect of not conveying the size of the network and perceived security. |
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I have nothing against saying "One of the largest distributed computing network in the world", but not the one, because we can't verify that claim. And it is true that there is no FLOPS equivalence for Terahashes/s. No matter what we do, estimations will remain questionable. |
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Yes, verification is an issue. Let's use: "One of the largest distributed computing networks in the world" And the specifics and comparison can be removed. We can always revisit this later if needed and consensus can be reached on how to present it. |
sunnankar commentedApr 19, 2013
Update to the statistics and cleaned up the language.
For processing power comparison; added a sentence about supercomputers.