What the size of the blockchains on the future could be?

ArticMine

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Monero Core Team

Quote from: bit1 on September 04, 2015, 10:39:59 PM

Well let's address this in a more specific way, The size of blockchain to BTC current is around 40GB, On 2012 was of 0.5 GB only, So in less of 3 years was a increase of 39.5 GB it is 98.75%, On this scale i'm not an expert but
on 2016 if will be of 80 GB at least an so on it will be huge on a point, now you could consider that you need at least a backup it does 80*2 160 GB + operating system + anothers personal data + music + photos + videos so you have your HD and uSb to limit, So how can it system be decentralized if almost of medium CPUS could dont be able of drive that charge. I dont can imagine if it get to massive adoption. Bitcoin XT look be a patch to support more transactions but for how long? Logically it never will be decentralized because almost peoples don´t will be able of storage entire blockchain and besides add use of more altcoins.
Its the dark side of crypto and digital systems--> The centralizations looks inminent The start? --> Cloud services. To unless that altcoins use solutions like to re-initialize the blockchains each year over certain time period.

http://www.ncix.com/category/hard-drives-8a-109.htm

Edit: It may not be very cost effective to buy anything under 1 TB

bit1

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Activity: 938

Merit: 1000

Well let's address this in a more specific way, The size of blockchain to BTC current is around 40GB, On 2012 was of 0.5 GB only, So in less of 3 years was a increase of 39.5 GB it is 98.75%, On this scale i'm not an expert but
on 2016 if will be of 80 GB at least an so on it will be huge on a point, now you could consider that you need at least a backup it does 80*2 160 GB + operating system + anothers personal data + music + photos + videos so you have your HD and uSb to limit, So how can it system be decentralized if almost of medium CPUS could dont be able of drive that charge. I dont can imagine if it get to massive adoption. Bitcoin XT look be a patch to support more transactions but for how long? Logically it never will be decentralized because almost peoples don´t will be able of storage entire blockchain and besides add use of more altcoins.
Its the dark side of crypto and digital systems--> The centralizations looks inminent The start? --> Cloud services. To unless that altcoins use solutions like to re-initialize the blockchains each year over certain time period.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: bit1 on September 04, 2015, 08:40:47 PM

Quote from: ArticMine on September 04, 2015, 08:11:05 PM

Quote from: bit1 on September 04, 2015, 06:26:06 PM

Thinking on next years and use of huge super massive blockchains could bring some problems and logically its supernodes could be a specie of centralized nodes with high capacity of storage and processing. Some
solutions could be found like to re-initialize the blockchains each year, Or is an crazy idea it? Or the unique solution to us will be use centralized light wallet the end of the privacy.

Who knows? Terrabytes? Petabytes? etc? The more interesting question is: Will it really matter? Ever wondered how many punched cards it would take to store today's blockchains? https://en.wikipedia.org/wiki/Punched_card#/media/File:IBM_card_storage.NARA.jpg

Well if it´s really big then could see it http://www.datacenterknowledge.com/special-report-the-worlds-largest-data-centers/ . The point is that all it is centralized and idea of Bitcoin is be decentralized, For that reason some ideas could are coming like to re-initialize the blockchains each year or each certain period of time, So blockchains can be supported by everybody with an medium-high CPU.

Storing 4 GB of data using a warehouse full of punched cards was also very centralized in 1959, Storing 4 GB of data on a USB key today is not. This is the critical point. Now extrapolate this to the future and one can stop worrying about bloat.

bit1

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Activity: 938

Merit: 1000

Are BTC and altcoins decentralized to be really?
how with semi-high pc support huge blockchains could?
Is centralization inevitable?

bit1

legendary

Activity: 938

Merit: 1000

Quote from: ArticMine on September 04, 2015, 08:11:05 PM

Quote from: bit1 on September 04, 2015, 06:26:06 PM

Thinking on next years and use of huge super massive blockchains could bring some problems and logically its supernodes could be a specie of centralized nodes with high capacity of storage and processing. Some
solutions could be found like to re-initialize the blockchains each year, Or is an crazy idea it? Or the unique solution to us will be use centralized light wallet the end of the privacy.

Who knows? Terrabytes? Petabytes? etc? The more interesting question is: Will it really matter? Ever wondered how many punched cards it would take to store today's blockchains? https://en.wikipedia.org/wiki/Punched_card#/media/File:IBM_card_storage.NARA.jpg

Well if it´s really big then could see it http://www.datacenterknowledge.com/special-report-the-worlds-largest-data-centers/ . The point is that all it is centralized and idea of Bitcoin is be decentralized, For that reason some ideas could are coming like to re-initialize the blockchains each year or each certain period of time, So blockchains can be supported by everybody with an medium-high CPU.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: bit1 on September 04, 2015, 06:26:06 PM

Thinking on next years and use of huge super massive blockchains could bring some problems and logically its supernodes could be a specie of centralized nodes with high capacity of storage and processing. Some
solutions could be found like to re-initialize the blockchains each year, Or is an crazy idea it? Or the unique solution to us will be use centralized light wallet the end of the privacy.

Who knows? Terrabytes? Petabytes? etc? The more interesting question is: Will it really matter? Ever wondered how many punched cards it would take to store today's blockchains? https://en.wikipedia.org/wiki/Punched_card#/media/File:IBM_card_storage.NARA.jpg

bit1

legendary

Activity: 938

Merit: 1000

Thinking on next years and use of huge super massive blockchains could bring some problems and logically its supernodes could be a specie of centralized nodes with high capacity of storage and processing. Some
solutions could be found like to re-initialize the blockchains each year, Or is an crazy idea it? Or the unique solution to us will be use centralized light wallet the end of the privacy.

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