Topic: What will happen with Bitcoin as the blockchain increases in size over time? - page 2. (Read 1568 times)

i think its not going to be a big problem, if the blockchain increasing in size and it realize that the bandwidth will create problems then the the bandwidth package should be increase according to the demand and usage.

firstly

if anyone shouts doomsdays of 8mb blocks tomorrow and 80mb blocks next year.. SLAP yourself with a reality stick and then go for a walk and see outside your little bubble theory..

now with reality.

20 years ago if i told you that while having a 56k modem and a 3gb hard drive that in the future, it will seem absolutely normal that something 100x your maximum storage capacity will fit on a fingernail. you could not comprehend that.
if i told you that, it will seem absolutely normal that while watching a movie via the internet. your other family members can play a movie quality game with hundreds of others on the internet LIVE. while also recording it and then LIVE uploading it all at the same time. you could not comprehend that.

..
so if 4tb hard drives are the norm now.. expect alot larger in 20 years.

also. lets say we went from
2mb base blocks in 2018 (yea dont have hope for 2017)
4mb base blocks in 2021
8mb base blocks in 2024
16mb base blocks in 2027
32mb base blocks in 2030
64mb base blocks in 2033
128mb base blocks in 2036

128mb=18gb a day.. (thats not huge, considering in 20 years 4K HDTV via cabl will be the norm. where 4minutes of 4KHD is 20gb)

yes 128mb blocks running all day is less bandwidth than watching a true 4K HDTV show for only 4 minutes
yes 128mb blocks is only 6 terrabyte a year.. AGAIN dont comprehend it using todays concept.. think 20 years of technical expansion.. 6tb will be small fry

Normal methods of compression are not really feasible, because the data are suitable for it (too much randomness).

Indeed, blockchain size could become a problem in future. Network bandwidth will be exhausted before HDD storage though. Imho all we can do about it is to ensure that block sizes grow slower than network bandwidth and HDD storage. That's why we need solutions like SegWit and LN to expand capacity without increasing blocksizes.

Something that I'm quite curious to know is that what will happen if Bitcoin's blockchain data keeps increasing in size over the years?

I mean, it will grow up to a point where it would make it less accessible for anyone to setup a full node, as they would need bigger amounts of storage, which implies a higher cost to maintain a node.

So, will there be a solution for this in the future? I was thinking more of like a method to compress blockchain data, to help solve this issue, but don't know if it would be the most viable solution for it.

Nevertheless, I would like to know your opinion about this.