Topic: Block chain size/storage and slow downloads for new users - page 19. (Read 228658 times)

at this day, i have re-installed a bitcoin-QT on a machine : 17,5Go take by the blochchain folder (that i have separated from the bitcoin folder).
well, with 500Go of hard drive (portable PC), it's not a big deal... and 24h to retrieve the blockchain, you must have a 10MBit/s to do that.

use this: [ANN] Bitcoin blockchain data torrent

Thanks for the information about SPV mike. Great effort 

Thanks everyone. Learning a lot from this thread.

Just for the reference - finally downloaded the whole blockchain tonight.

So, for Feb. 26, 2014 we have:

# of blocks: 287930
19.267088 GB in .blocks folder.

Soon approaching 20Gb.

there will be always war between hackers and programmers

Bitcoin will uprgade, and those who use boitcoin network will learn how to do it better.

As rapidly increasing Bitcoin utilization causes bloat and complexity, centralization is a natural consequence.  Already we see centralized constructs reached for as a problem solving means since it is the quickest and most obvious way to solve many problems.  (Leveraging state issued passports and SSL cert authorities for instance.)

I posit that a more healthy way to go is to jealously and rigorously guard against centralization at a 'first tier' or 'core' or 'native' level.  And to do this by actively embracing and facilitating centralization at a 2nd tier level.  This to take the load of growth as well as the risk of additional bells and whistles at this second tier level where failure does not result in a collapse of the entire solution.

Ultimately what I want is an unassailable 'native' Bitcoin which looks much like we see today.  I'll keep the bulk of my value in deep off-line storage relying on nothing more than the 'first tier' which is light weight and can realistically be operated by independent enthusiast who risk little capital by operating the system.

For general day-in/day-out use I'll choose a handful of promising 'second tier' organizations who seem to be trustworthy and risk a certain fraction of my wealth with them.  Currently I do this with Coinbase and Blockchain.info for instance.  If they fold or get shut down I may lose, but I lose no more than I choose to risk and my nest-egg is safe with my plain old no-frills deep storage wallet which I rarely dig into.

The alternate of trying to support an economy which could basically need to grow without limits in a native 'first tier' Bitcoin layer is very dangerous and I believe almost certain to fail.  And fail because it will almost certainly centralize out of necessity and thus become more prone to successful attack.

A multi-tiered system still relies on Bitcoin as the foundation upon which it rests, and is still available in native form when really needed so evolving in that direction is not 'selling out'.  It's simply a logical way to scale and grow while remaining hardened against centralization and the brittleness and risks that that condition brings.

So I just built my new Hack Pro - it's a beast. And for the past two days now I've been trying to synchronize Bitcoin QT and I'm at about 10%.
I figured I'd see what Bitcointalk would say about it, and I wondered if anyone ever thought that there might be a time when the blockchain might get too ridiculously large, and what was my surprise to see this thread as the first thread listed when I logged in!

K, I'm going to go back and read it now.

Yes, seems like problems are getting solved. I am hopeful too...

very very good ... tnx 

donation of that size may work from in a quasi Seigniorage manner. If enough good dev is done due a sufficiently large following, the 30 coins at 10K each may eventuate, thus being 300K which would probably cover the dev cost.

However you have to wait, to see the net effect of combined dev via price discovery a few years down the track.

[it is in the interests of those with larger holding to donate or undertake dev as well]

I've seen a few torrents with a backup of the blockchain.

It might be good to have a annual backup made check summed then made available on numerous mirrors.
The blocks would still be available peer2peer(hopefully) but the centralized backup could ensure the blockchains retention(if a large part of the btc swarm elect to only use recent blocks.)
I know that when I have downloaded blocks, my 25mbps connection(much weaker than a lot of peoples) is never fully utilized.

good job. i learn something useful from this discussion

No, you don't.

ofc 

Can anyone answer me this?

Do you need to download the whole blockchain to make use of advanced scripting features of Bitcoin? I'm talking about m-of-n addresses mostly.

Wonderful easy way ! secure wallet keys, from a generator that may have a set code to the keys it will make ,,, I know, to paranoid, I do know any single 0 or 1 bit words ect over wire are saved somewhere.
Nothing in the matrix is secure... nothing, Only what is in my head is safe for now.
Until the fingernails, teeth, eyes, start getting messed with. hahaha

I will do as you recommended thank you !

OH ! Thanks to _-=piramida=-_ for the site and source code. Good Stuff
freddy

Thank you so much

The thing about that site (not mine, everybody uses it) is that all key generation is done in your browser. So no info is sent over the wire, but you don't have to trust it's authors - you can (and should) make double sure you are safe, not only from the site owners but also from possible trojans or viruses on your comp:

save the complete site, open it on some computer with no internet connection, generate addresses and print them out, then you can format the HD of that computer if you are paranoid or just reboot it to clean up temporary information.

I am there, nicely done site, however since I am such a layman, how do I know you dont have a copy of the private key generated or just a screenshot would do, other than you saying you dont...

All this software tech is confusing, learning as fast as I can
Paper wallets are good if I could generate keys in my head, or even had the patience to write them down way to long. I just do not get numbers, words are fine.

OH to make it fit I had to print in landscape. must be a HD page.

Thx very good explanation. It's not a big deal today actually but tomorrow when blocks reaching 100 gb. We will be more focused these services.