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I'm doing great, thanks for asking.
I'm currently on holiday, travelling around Europe.
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Interesting views on the size of the Bitcoin blockchain over the next 4 years. My guestimate that it will reach over 700GB by the time of the next halving has been generally accepted (well, not seriously challenged).  Actually, if SegWit gets accepted (I like some of the features of SegWit), we could see the blockchain heading beyond 700GB in 4 years time: 700GB in 4 years? It could be more than that, signatures inclusive.
The bandwidth to run 700GB + per month is going to be ridiculous. ServiceNodes, DSDN, ftw
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Why dont you guys make it so you rewarded from seeding files and being a seeder which contributes greatly to any torrent network. Seeding is the new mining !! Get VTR through seeding.  Everything is just mining with machines we need other options. There very few human mining algos but alternatives to asic CPU and GPU would be great. that's not a bad idea. I seem to remember hearing somewhere that during the early days of BitTorrent and Bitcoin, the BitTorrent devs developed a miner which installed when you ran and used BitTorrent. They didn't activate it because of issues over fan use. They could have pushed the difficulty right up for Bitcoin with millions of pc's mining Bitcoin which would have gone 100% to BitTorrent. |
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 Can we expect this when SPR hits Poloniex and we have Service Nodes?  I grabbed this from the polo transactions list 10/28/2016 18:56 Buy 1900 0.01078402 20.489638 Someone actually paid 20btc for 0.01 ZEC. |
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The launch of Zcash is an historic moment (well time will tell).
For such an occasion, I have been thinking all day about something profound to say and write so that in generations from now people can look back and judge the people that created and were involved in the creation of cash over the internet.
So I've narrowed my words for this historic moment to:
i woz ere
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What are the chances of never increasing the block size beyond 1mb? Is it a case of when, not if? and is the when, more likely to be sooner rather than later?
Will we see a negotiations on increasing the 1mb size cap in order for segwit to see the light of day?
Segwit IS an increase of the blocksize cap, it increases to 4MB. Surely it means that Segwit will free the blocks enough that it would allow, in paper, 4mb worth of transactions? Please explain more if I got it wrong. Because if it really increases the blocks to 4mb each then that would also need a hard fork, right? Forgive me for the stupid question. My first impression of Segwit was that they would remove data from the blocks to fit in more transactions allowed in each block with no increase in the block size necessary. It's basically an accounting trick. When you sign a bitcoin transaction you need to use both your public and private key to prove ownership. You can't let the world know your private key. So the signing process hides your private key. This hiding of your private key process creates a lot of data, relative to the other data used when you make a transaction. Segwit, basically, removes your signing information into another data table once your transaction is signed and accepted into the blockchain as a valid transaction. Table 1 = data necessary to validate blocks and maintain the integrity of the blockchain. This includes data that gets counted within the 1mb block size. Table 2 = your removed signature validation data. This does not get included in the data count when looking at the 1mb block size. So given the main question in the OP, accepting segwit soft fork will basically mean the blockchain now allows more transaction data to be included in the 1mb block cap, but with the 'discarded' signing data now also forming part of the overall blockchain data size. |
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Don't forget that there will be 3MB extra available too.
Lets get this straight. segwit will allow the segregation of the signing, ie to be separated out of the block size count. So, the 1mb cap stays allowing more transaction throughput, but the blockchain will see more data overall. I think that's your basic point. Given the questions in the OP, the blockchain will grow potentially with an exponential curve until it hits max capacity under the segwit model? |
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Apple CEO, Tim Cook, announces native vTorrent support during the launch of their new MacBook Pro.  |
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And it will still be 1mb if the fork reaches activation.
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It's 4MB total, whatever way you try to dress it up. Which can't be done now. Hence the fork.
The current max block size of Bitcoin is 1mb. |
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What are the chances of never increasing the block size beyond 1mb? Is it a case of when, not if? and is the when, more likely to be sooner rather than later?
Will we see a negotiations on increasing the 1mb size cap in order for segwit to see the light of day?
Segwit IS an increase of the blocksize cap, it increases to 4MB. We're getting 4mb blocks with segwit? really? Don't believe you; i wanna see that in the code  function max_block_size(block_timestamp): ... ... size_start = 4000000 ... ... //ok, everyone do the Carlton dance It's not as simple as that, but I kept it simple, just for you. Suffice to say: the max size of each block mined will be 4MB. And I don't have to prove anything to trolls, it's you that has to prove your propaganda nonsense. Everyone who's been follwing Bitcoin develpoment knows the details by now, you're only demonstrating how ignorant (and loud mouthed) you are hey buddy. chill. you have a bitcoin or two; i have a bitcoin or two. that means we have more in common than the 7bn people who are yet to have a bitcoin or two. removing some signature data from transactions to reduce file size isn't an increase in block size. not sure how a hard limit of 1mb can become a hard limit of 4mb. What you probably mean is you can get 4mb worth of transactions using current data structures into 1mb of block space after segwit is deployed and accepted? |
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and is the when, more likely to be sooner rather than later?
November 15th is the signaling start day. So 2 weeks worth of blocks (if everyone is already signaling by then) + 2 weeks worth of blocks (fallout period) after the starting day. This come down to mid December (earliest). Will we see a negotiations on increasing the 1mb size cap in order for segwit to see the light of day?
It would be really hypocritical to claim that one wants on chain scaling and then stall Segwit. what's the miner acceptance threshold % or did that get removed?  Actually, the BU hurdle is not so bad.  |
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What are the chances of never increasing the block size beyond 1mb? Is it a case of when, not if? and is the when, more likely to be sooner rather than later?
Will we see a negotiations on increasing the 1mb size cap in order for segwit to see the light of day?
Segwit IS an increase of the blocksize cap, it increases to 4MB. We're getting 4mb blocks with segwit? really? Don't believe you; i wanna see that in the code function max_block_size(block_timestamp): ... ... size_start = 4000000 ... ... //ok, everyone do the Carlton dance |
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Current speed is the max speed, and it is about 1MB each 10 minutes. It will not go much faster than this without a change in the protocol (ie a fork)
And the Segwit fork was released today. Let's hope it becomes activated sooner rather than later. If there is never a fork to add extra transaction capacity, then the blockchain will be limited to current max blocksize x ~10minutes What are the chances of never increasing the block size beyond 1mb? Is it a case of when, not if? and is the when, more likely to be sooner rather than later? Will we see a negotiations on increasing the 1mb size cap in order for segwit to see the light of day? |
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Chances of hard fork to increase block size is going up, making segwit 95% threshold means it has some problems going live.
700GB, here we come.
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What are these transactions? Transaction Type: Other Newly Generated Coins: 0.00000000 Input: 0.00000000 Output: 0.00000000 Fee: 0.00000000 I'm not sure but I did see some large transactions take place over the time period. It includes PoS transactions as well as chat messages I assume. @dev Is this from the messenger within the client, or testing the token / torrent functionality? Come on, just between us friends |
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What are these transactions? Transaction Type: Other Newly Generated Coins: 0.00000000 Input: 0.00000000 Output: 0.00000000 Fee: 0.00000000 |
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