A link above showed almost 8k nodes

Thanks

Forum answered question well
ALL IN BITCOIN

BITCOIN TO 50k

Forum answered questions with solid info
ALL IN

BITCOIN 50k

Perfect 42m trans
20gb data
500 bytes per trans

So as it is

80m trans a day gonna use 20gb

1year only 750gb

Not even a tb per year

So 800m trans be 7.5 tb data year

So a few trusted super computers would need to handle it

But data storage is on exponential growth too

I remember my 5k buck brunelli drives early 80's
5mb

So 5mb to 1tb jump in storage pcs

Hope it doesnt jump to 800m trans too fast

Lol

Yep dell could sell synched up servers in 5 years

100tb drives with 10tb preloaded
Lol

You guys are great

Big thanks

Yeah moveouts
That makes sense
Collect fractions
Move out 10btc to 50btc at a time
Nice
Ok avg trans size not that important
But trans perday is
Imo

Also data needs each transaction

Trying to understand the ledger size issue

Any built in safeguards in core code

We dump data after x size

You cant keep rolling it

Only a few super computers have huge storage

So exponential growth mandates archiving of data at some point
Imo

Ok
Watched a stream
9 fractions then a 10 or 30

So it could avg 2

But then you see this

http://blockchain.info/popular-addresses

Its all Ddos attack junk
Satoshi dice
Minor fraction stuff

10btc or 30btc not a lot of dough if big money moving in

But you look at the top trans wallets its low fraction satoshidice Ddos stuff

Main thing I would like is simple

How big is ledger now
100gb?
10 terrabyte?
How big

Plus avg byte size of a transaction in ledger

10bytes
100bytes

10% the size of visa mc
Thats 80m trans a day

10bytes 800mb day
100bytes 8gb day

So cintinuous logs an issue if you do numbers

I know early net my network only did 1m pages a day 15 log entries each page

Era of split images since data over phones then

15m lines in a daily log
Huge logs

This was early commercial net
Our logs were unmanageable
Major storage problem

You understand what size servers used as typical drives in 1990'
Lol

Tiny

So anyone got a clue as to how much data storage each trans sucks up

Size of public ledger

Ok
From what I understand every transaction since genesis is in the public ledger

Anyone know how many transactions in it?
How many bytes does the average transaction take to store?

Right now it looks like a minor ledger
70k trans a day
Visa n mastercard does 10k a second
800m a day

So 800m to 70k

So how many bytes does a transaction consume?

If this thing becomes 1% of gwp or 10% of visa/mc

Thats 80m transactions

So a continuous log is not realistic in big numbers

Sure tiny numbers like 70k a day no big deal

80m
8m transactions

That would be huge data load

So

Is every transaction what a new node downloads?
Ok
How many transactions since genesis
Then
How many giga or terrabytes is that file now

Minor trans like 70k a day and people cimplain the ledger too big to handle

Imagine if it does become mainstream

I dont see one big ledger working for billions of transactions

Anyone got real answers to my questions?

Or am I the only one that understands dataloads, bytes, bandwidth, drive limitations, etc

On credit cards the avg trans 30 bucks
You look up the top transactions wallets they show 90%+ satoshidice addresses
All that satoshidice stuff small
So nothing makes sense if you start to look at the numbers like a cpa

They're not an exchange it gives away free wallets
They claim 2m in circ
They claim 70k btc global trans day
They claim 35k a day my wallet
They claim 80k btc on 35k trans day

So none of these blockchain.info numbers add up

Look at the site a joke

No real info

Just some undefined charts

No info about the hong group that is on the whois
No real info about anything

Yet theyre one of the top btc sites?

They leased out bitcoin.com 5 years

Why not by it?

Unless yoy know you use fuzzy math and you're the company building the hype

In principal btc is great

Blockchain.info is huge red flag, the numbers dont make sense

Now blockchain could be complete scam

It wont stop btc at this point in my opinion

Is there another central data point for bitcoin that has better numbers that look real

Alt not com
Since beginning of net u had alt doms
edu i used since 70s math thinktank
Com now king
Net
Org
Gov

All alts

Country tlds alt doms

The new ones not worth much since com entrenched

Se's will ignore them so no free organic seo ride

Anyone putting millions into branding anything but a com
Most users hear or see ad u say
Keyword co or org or whatever over 50% remember keyword type in com

So com is what u brand

As btc becomes an industry the com keywords will be the operators

Btc is just the currency

Fast money in currency

Empires in domain development

Websites irrelevant?

You need a com n an app to do biz today

Thats why blockchain now renting bitcoin.com

Next superbowl you will see bitcoin branding

Most of the ads gonna b bitcoin startups

This is a fact
The big money is .com
So end user term worth 1m retail
100k to 200k wholesale

Net 10-30% com
Org 10%
Us 10%
Co.uk 10%
.ca 10%

The rest are bs

If you correctly develop a key word it will be #1 on se's

Being #1 on an industry term gives you millions of dollar in exposure compared to buying ppc

This is why Im asking questions about bitcoin

Since the big plays will be domain acquisition now

You want an empire in bitcoin

It will come from the control of btc keywords

The companies that started big in btc will be replaced with keywords

Example

Blockchain just leased bitcoin.com

Residual income play

Only 5 years

So the smart domain players are now pro bitcoin

So big innvestments in btc domains coming

Btc will be branded if it exists in future

Branded and regulated

I understand wallets can be created with no transactions, yet the ratio of wallets to transactions shows less transactions now than before, and you have more major retailers to use btc on?

Also you dont address the lag issue, nor the satoshidice issue.

But I do appreciate your personal example.

Granted many now dont spend btc since they expect value growth, however such huge wallet growth should relate to more transactions.

Can anyone here address these questions

Thanks

A a major increase in my wallets is publicly reported on blockchain, yet transactions are not keeping up with user wallets. In fact they are way lower than the past. Similar ratios are 700m credit cards produce 800m daily transactions. Yet 2m my wallets show the same number of transactions as when they had 70k wallets.

B if you look at top transaction page at blockchain all you see are addresses for the Ddos attack script (some consider it that) for satoshidice meaning the minor amount of transactions being done for btc are related to what some consider a Ddos attack and not real commerce.

C why would it take an hour to verfiy a transaction, credit cards are verified in seconds, is it due to the volume of 70k mostly satoshidice transactions? If btc starts to have millions of transactions what impact would that have on the 6 verification hops needed to verify? Only 70k trans now most days and its almost an hour, at 1m trans what would 6 verifications take in time?

So I see 3 issues in btc and if someone well versed in btc can address them I would appreciate it.

Thanks for intelligent input on these 3 areas of concern for me in regards to btc.

1 low transactions ratio to users
2 lag in verification time
3 the high percentage of transactions related to what some consider a Ddos attack that being satoshidice