I also asked them how new mining farms are supposed to sync a new full node in the case that they will actually have full 1TB blocks: 1 TB per block = 144 TB per day = 1.08 PB per week.
It will literally become insanely expensive (if not impossible) to sync a full node from scratch (and continue to run one).
This addresses the point:It will literally become insanely expensive (if not impossible) to sync a full node from scratch (and continue to run one).
Moore's Law is cool but what happens in the case where the data exceeds the download speed of the nodes?
How about when the uncapped block sizes result in too much data for the central locations to store?
Oh... high transaction fees will prevent that, is that right? Is that not what the point of large blocks was? To prevent high tx fees?
