Why i think you are wrong: My guess is that the Bitcoin Blockchain is growing at around 4% per month.
That graph is based on some assumptions about the future that are uncertain. IF the max blocksize is increased significantly, THEN the blockchain could grow at an exponential rate. However, such a change to the protocol would require the consensus of the users. As the protocol exists today, growth in the future will be linear (as it has been for the past 12 to 18 months). If you check the stats on blockchain.info, bitcoin size growth rate is not linear.
Actually, if you look at the stats on blockchain.info, ever since bitcoin reached full 1 megabyte blocks regularly, the growth HAS been linear. The protocol has a 1 megabyte limit on maximum blocksize, so when there were less than 1 megabyte worth of transactions being created in the early days, the block size was able to grow as users created more transactions per day. Once the 1 megabyte limit was reached, the block size stopped growing and the blockchain changed from exponential growth to linear growth. You just helped answer the question. Hitting the upper limit now just means that the block sizes will be increased at some point within the next 5 to 10 years (hopefully within the next year). When it does get increased, growth will be stop being linear against the upper max. So your originally point that the blockchain will only grow by ~100GiB over the next 100 years (can't remember the actual number of decades you used), is still wrong. |
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reading your thread  |
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If you can find a private key, it's like finding money on the floor.
Just don't hack into others network and you'll be fine.
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If bitcoin died tomorrow, I will exchange (buy) a lot, I believe we still need cryptocurrency sooner or later.
my man. We'll buy all the bitcoin together. then launch it again. fist bump. |
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At this rate it will a terabyte by 2020
You aren't very good at maths are you? The current size is less than 100 GB. The current rate of growth is less than 2.7 GB per month. There are 39 more months until 2020. Less than 2.7 GB per month times 39 months is less than 105.3 At this rate it will grow by less than 105.3 GB by 2020. Current size (less than) 100GB plus less than 105.3 GB of growth means that: At this rate it will be less than 205.3 GB by 2020. At this rate it will be a terabyte by 2045. Why i think you are wrong: My guess is that the Bitcoin Blockchain is growing at around 4% per month.  ..... If you check the stats on blockchain.info, bitcoin size growth rate is not linear. |
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At leased 50 million poeple must be using it now.
i think its more than 50 million people that must be using bitcoin for now and more than 100 million for future and more people so bitcoin will get famous in many places and many country. You didn't vote? There is no vote against >30m |
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@coins101. Yes. It does not look good for now. There were small pumping that was done but the Lisk whale placed really large sell walls and discouraged everyone to join in. This will stay low until the whale himself will start pumping this.
discourage people to join? that doesn't sound right. why put a down peg on the price? Do you mean someone with a large amount wants to exit? |
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lesson one, learn bitcoin
...
I have to disagree with you on this point (I sort of agree on some of the other points, or I can understand your view). If you have to learn a payment system before you can use it; it's never going to succeed. It's like saying to credit card users, before you use your credit card, you need to pull up the technical architecture blueprints of our credit card network; then read the the settlement protocols documentation; then....etc. Most users don't even read the T&C's of their credit cards; bank accounts; paypal accounts; etc. So, rather than talking down at people for 'not getting it', you need to do a better job of being inclusive. Anyway, please vote! |
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Cross posting, some relevance to this thread While conducting a casual survey into how many people use Bitcoin, the question of how many nodes do we need arose.  Here is how many reachable nodes are on the network supporting these users, along with the original version release dates:  The key question is is a little complicated: how many full nodes do we need for the current users, how many do we need for double the current users; how many do we need for 100m users; and how many do we need for double that again? Rather than ask those questions first, I thought it would be interesting to get a common base for how many nodes do we need for the current user base of between 2m to 10m going into a growth period which might see numbers go up to 30m?
Lets ignore pruning; segwit, etc. Those are fantastic technological advances, that I would call tricks of the trade to make everyday users lives easier. The backbone of the network is always going to be full nodes. |
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While conducting a casual survey into how many people use Bitcoin, the question of how many nodes do we need arose. Here is how many reachable nodes are on the network supporting these users, along with the original version release dates: The key question is is a little complicated: how many full nodes do we need for the current users, how many do we need for double the current users; how many do we need for 100m users; and how many do we need for double that again? Rather than ask those questions first, I thought it would be interesting to get a common base for how many nodes do we need for the current user base of between 2m to 10m going into a growth period which might see numbers go up to 30m? Thanks to Lauda for reminding me about this post from Gavin:  https://www.reddit.com/r/Bitcoin/comments/1scd4z/im_running_a_full_node_and_so_should_you/cdw3lrh?context=3
Lets ignore pruning; segwit, etc. Those are fantastic technological advances, that I would call tricks of the trade to make everyday users lives easier. The backbone of the network is always going to be full nodes. |
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Coins101: is there an official sig campaign?
Where can I get the same sig as you or one for my account level?
I'll make you one and send it on PM. I don't think we can post about sig campaigns. I'll check the mod rules. |
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Hey
I am head of Imaginerring Imagineering(self appointed, department of 1), AMA
We can get you a business card to make it official.  Better make sure we spell it properly then. btw, Imgineering is a thing: verbgerund or present participle: imagineering "devise and implement (a new or highly imaginative concept or technology)." |
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For the sake of argument, lets say 50% of people have a Coinbase account (of all global users, mostly American's use Coinbase in great numbers).  Blockchain.info claims to have 6 million wallets on their App pages but their website says 9m, which doesn't help us much anyway as one person can have multiple wallets.  But lets just say the number of Bitcoin users is somewhere between Coinbase's 4 million users and Blockchain.info's 9 million wallets. the Bitcoin wallet app has been downloaded between 1-5 million times:  |
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that chart is showing a prolonged sideways trend. |
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Bittrex would become the new pump centre of the world
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The zcash founders reward is an easy line of attack against that project. A targeted campaign along that front will reduce the impact of the zcash launch on the xmr price.
Be interested to see when that attack will begin in earnest.
Revisit this thought and chill out, man! This isn't the stock exchange or secondary market. The ZCash launch affects nobody in the Monero community and has no "impact" on the projects development. It may be the wish of some altcoin traders looking for (any) action in the market. In reality, it's only a topic for trolls, uninformed altcoin dream chasers [who have a new favourite ICO/IPO coin every 4 weeks] and maybe crypto-currency gossip media sites. That's Yahoo! and MySpace boardroom talk. Get real. |
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The zcash founders reward is an easy line of attack against that project. A targeted campaign along that front will reduce the impact of the zcash launch on the xmr price.
Be interested to see when that attack will begin in earnest.
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Actually, I am surprised no one has posted stats from the App store and in particular android play store for numbers of bitcoin spv downloads.
There should be something like 1.5million downloads of various spv wallets.
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Dear all,
As of now, only vTorrent Core is open sourced, and the reason we need to keep our full client (2FA included) closed source is to prevent other dev to clone our work and claim it as their own (or falsely claim as their project being one of the first to implement those features).
When Bittorrent part of vTorrent is reveal in a few release from now, hopefully our project will then be wildly known in crypto-currency space and the decision to open sourced other part of our project will then be considered again.
Regards,
vTorrent
That's nice. How about the anti cheat system ? Did you manage to figure out how to do it ? I doubt the devs would fix hard fork dates if they haven't got something working. If you look back they said without it then things would be tricky. Using a token within a token probably gives some flexibility on issues like that. |
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The problem is that it's closed source, as we all know it's not an ideal situation within the crypto scene. The dev took code from shadow coin, why not pay it forward and release it to the whole crypto community, this project would gain massive and well deserved recognition. Think about the all the other ALT's using this code, that' would give everyone a well needed security boost, aside from that it would give us more respect as well as a bigger marketcap, just look at all the good things like Dash or Shadow have released under the open source umbrella. Just something to think about Dev. not really, it would have taken years to build that app. It deserves a bounty to open source it. It was built pre-Vtorrent anyway. I don't see why the app dev can't get paid to install it for other projects. there are plenty of similar deals with people who make miners. I was under the assumption that the dev/s on this project built it. If VTR devs didn't build it then why are you pushing it for VTR? But one of the vtorrent devs did build it, just before vtorrent. |
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