Topic: will the the blockchain size be the downfall of bitcoin? (Read 1040 times)
Just FUD eventually well get past this stupid debate, something will have to give or something that we can agree on will come along.
the size of the block chain is ever expanding, by the year 2100 i predict it will be over 1 terabyte, making bitcoin unmanageable for ordinary people who want to run a node. which means we will have to trust our bitcoins to some third party intermediary at some point in the future. do you see this as a problem or no?
By 2100, 1TB will be a pretty small amount of memory.
The issue isn't even memory, but storage - hdd, ssd etc. (My portable, which isn't new, has a 4TB ssd for reference.)
Danny is right though, this thread should be locked because it is premised on nonsense.
the size of the block chain is ever expanding, by the year 2100 i predict it will be over 1 terabyte, making bitcoin unmanageable for ordinary people who want to run a node. which means we will have to trust our bitcoins to some third party intermediary at some point in the future. do you see this as a problem or no?
By 2100, 1TB will be a pretty small amount of memory.
I'm using a fairly cheap mid-range notebook computer, and it has 2Tb of hard disk as standard. I've also got an SSD for the Ubuntu machine, and that is handling the blockchain with no problems.
In fact, storage isn't a problem, and I haven't even bothered to try running a pruned node. Maybe I should do this on the Ubuntu machine.
In fact, storage isn't a problem, and I haven't even bothered to try running a pruned node. Maybe I should do this on the Ubuntu machine.
the size of the block chain is ever expanding, by the year 2100 i predict it will be over 1 terabyte, making bitcoin unmanageable for ordinary people who want to run a node. which means we will have to trust our bitcoins to some third party intermediary at some point in the future. do you see this as a problem or no?
i think, in 2100.. we could have usb pen drive with a minimu storage of many petabyte..and a read spedd of dozen GB/sec.
or maybe in 2100 we could have a new generation storage device, unknown until now...
i think....
:-)
I tend to agree with DannyHamilton, HDs in 83 years won't even exist anymore in the form they are now.
Technology will have advanced so much that we can't even imagine how it will affect electronics and computer hardware.
If Elon Musk has his ways, Bitcoin will not go to the moon by then, it will go directly to another galaxy.
Technology will have advanced so much that we can't even imagine how it will affect electronics and computer hardware.
If Elon Musk has his ways, Bitcoin will not go to the moon by then, it will go directly to another galaxy.
the size of the block chain is ever expanding, by the year 2100 i predict it will be over 1 terabyte, making bitcoin unmanageable for ordinary people who want to run a node. which means we will have to trust our bitcoins to some third party intermediary at some point in the future. do you see this as a problem or no?
So, you're saying that you predict that 83 years from now, the blockchain will fill 1 Terabyte (which can be bought for less than $50 today).
How big was the hard drive that ordinary people bought 83 years ago? How much did that hard drive cost?
Why do you think that storage will be smaller and cost more in the future?
Is there any chance we can get a moderator to delete (or at least lock) this nonsense thread?
the size of the block chain is ever expanding, by the year 2100 i predict it will be over 1 terabyte, making bitcoin unmanageable for ordinary people who want to run a node. which means we will have to trust our bitcoins to some third party intermediary at some point in the future. do you see this as a problem or no?
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