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Title: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: neuroMode on April 25, 2014, 11:38:49 PM Just wondering if this is a feasible thing to do down the road?
Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: gmaxwell on April 26, 2014, 02:08:17 AM Can hyped up non-existent vaporware cure cancer? Anyone's guess. I saw and early whitepaper for that and it was full of technobabble and set of my personal sleaze alarms.
What/which "storage problem" are you talking about? Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: neuroMode on April 26, 2014, 05:41:58 AM Can hyped up non-existent vaporware cure cancer? Anyone's guess. I saw and early whitepaper for that and it was full of technobabble and set of my personal sleaze alarms. What/which "storage problem" are you talking about? The storage problem of the blockchain becoming terabytes in size and your average person does not have the incentive or means to be a full node. Not sure if this is really a 'problem' problem, though, if some minimum amount of full nodes are plenty for the network to thrive. Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: SemiMolten on April 26, 2014, 06:00:40 AM Can hyped up non-existent vaporware cure cancer? Anyone's guess. I saw and early whitepaper for that and it was full of technobabble and set of my personal sleaze alarms. What/which "storage problem" are you talking about? The storage problem of the blockchain becoming terabytes in size and your average person does not have the incentive or means to be a full node. Not sure if this is really a 'problem' problem, though, if some minimum amount of full nodes are plenty for the network to thrive. Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: gmaxwell on April 26, 2014, 08:30:09 AM You can run a full node without storing the whole historic block chain. See section 7 of the Bitcoin whitepaper for one approach.
Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: BitCoinDream on April 26, 2014, 08:34:00 AM Just wondering if this is a feasible thing to do down the road? That would be a deliberate attempt to support the scam. Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: neuroMode on April 26, 2014, 12:02:05 PM Just wondering if this is a feasible thing to do down the road? That would be a deliberate attempt to support the scam. So the consensus here is that Maidsafe is a scam? Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: neuroMode on April 26, 2014, 12:05:12 PM You can run a full node without storing the whole historic block chain. See section 7 of the Bitcoin whitepaper for one approach. Did not know this. Thanks for the lead. Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: yayayo on April 26, 2014, 01:00:54 PM Using another cryptocurrency for storing bitcoin blockchain data seems quite strange to me. Imho it's awkward and adds security problems. If necessary, distributed storage capability could also be implemented for bitcoin alone.
Before even discussing this, I think we have yet to see the release of Maidsafe which may be still years away. ya.ya.yo! Title: Re: Can Maidsafe be used to solve the "storage problem" of Bitcoin's blockchain? Post by: Soappa on April 26, 2014, 01:06:34 PM Can hyped up non-existent vaporware cure cancer? Anyone's guess. I saw and early whitepaper for that and it was full of technobabble and set of my personal sleaze alarms. What/which "storage problem" are you talking about? The storage problem of the blockchain becoming terabytes in size and your average person does not have the incentive or means to be a full node. Not sure if this is really a 'problem' problem, though, if some minimum amount of full nodes are plenty for the network to thrive. Right now, the average block size is around 200KB. At 10 minutes a block, the blockchain will grow 10.5 GB a year. Even at the maximum block size 1 MB, the blockchain will "only" grow 50GB a year. It will take dozens of years at least to reach terabytes, and the HDD size and internet bandwidth should be a lot better dozens of years later. |