This discussion led me to do some calculation - with what market cap of the Byteball system transactions become expensive. I take for simplification that the standard transaction is 500 bytes in size. We get the following:
Therefore we can start to worry about the cost of a single transaction only when the market cap approaches $10 trillion. Obviously other use cases of the system become too expensive much sooner.
Let's see when uploading 1 MB file becomes expensive:
As we can see with only $10 billion market cap (less than the current market cap of bitcoin) storing 1 MB file in the Byteball system becomes expensive ($10). It shows that the design of the system (1 quadrillion cap of internal currency) precludes any widespread use case regarding data storing. Claiming that the system is scalable with regard to data storage is therefore unsubstantiated.
Please check if I did these calculations correctly as this looks like a rather serious issue.
Great calculations.
I do not expect the system to be a general purpose data storage though, storing 1MB is already too much for what people are storing in various blockchains already - which is certificates, and hashes of public keys or other such small things which are in the 4kb range.
If you are really really really rich then you can use it to store your mp3 files or your 4K movies in it.
So to me, this says, the design is solid, we dont want your 4k movies as transactions, but your 4kilobyte rsa keys are perfect, hell throw in a 128kilobyte message for fun.
System scales well.
