Peter R
Legendary
 Offline
Activity: 1162
Merit: 1007
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August 24, 2015, 05:53:08 AM |
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Bip 101 timescale:
Year. Size. Reward. blockchain size (rough estimate)
2016 8MB. 12.5. 40GB
2020 32MB 6.25. 3.4TB
2024. 128MB 3.125. 16.8TB
2028. 512MB 1.5625. 70.56TB
2032 2048MB 0.78125. 285.6TB
2036 8192MB 0.390625. 1145TB
Here are four additional estimates:  |
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"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 24, 2015, 06:02:26 AM |
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TerraMaster
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August 24, 2015, 06:04:20 AM |
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y'ouch this is starting to hurt a little  |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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August 24, 2015, 06:08:24 AM |
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intentionally throttling the network to collect more fees is like strangling the golden goose to get more eggs.
Or like jumping out of a certain wooden sculpture when the walls of Troy first come into view? Our like trying to charge money for an infinite resource? Bip 101 timescale: Year. Size. Reward. blockchain size (rough estimate) 2016 8MB. 12.5. 40GB 2020 32MB 6.25. 3.4TB 2024. 128MB 3.125. 16.8TB 2028. 512MB 1.5625. 70.56TB 2032 2048MB 0.78125. 285.6TB 2036 8192MB 0.390625. 1145TB How many individuals do you think will be incentivized to store more than a petabyte of data with no compensation? The good news is that Gavin's plan is preposterous and will never gain traction, so fortunately there's nothing to worry about.  2036 is in 21 years. How big was a hard drive 21 years ago? (hint: a tiny fraction of the storage on my current 3 year old phone). Storage is so cheap now that if you include cloud storage like dropbox, it's free. This is the same fallacy the Malthusians made about mass starvation with population doubling every forty years. Didn't happen. All famines today are political, including ours. some people have no foresight  |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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August 24, 2015, 06:16:54 AM |
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It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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August 24, 2015, 06:33:17 AM |
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Honeybadger got bit by 1MB Cobra and fell asleep. Soon he will awaken and eat that cobra.
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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August 24, 2015, 06:34:41 AM |
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intentionally throttling the network to collect more fees is like strangling the golden goose to get more eggs.
Or like jumping out of a certain wooden sculpture when the walls of Troy first come into view? Or like trying to charge money for an infinite resource? Bip 101 timescale: Year. Size. Reward. blockchain size (rough estimate) 2016 8MB. 12.5. 40GB 2020 32MB 6.25. 3.4TB 2024. 128MB 3.125. 16.8TB 2028. 512MB 1.5625. 70.56TB 2032 2048MB 0.78125. 285.6TB 2036 8192MB 0.390625. 1145TB How many individuals do you think will be incentivized to store more than a petabyte of data with no compensation? The good news is that Gavin's plan is preposterous and will never gain traction, so fortunately there's nothing to worry about.  |
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BldSwtTrs
Legendary
Offline
Activity: 861
Merit: 1010
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August 24, 2015, 06:35:43 AM |
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It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
I can't even cancel my orders... |
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luckygenough56
Legendary
Offline
Activity: 1526
Merit: 1012
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August 24, 2015, 06:40:54 AM |
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It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
I can't even cancel my orders... goxfinexed |
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ghandi
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August 24, 2015, 06:41:18 AM |
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Looks like a bloody monday.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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August 24, 2015, 06:43:39 AM |
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It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
I can't even cancel my orders... came back online, someone dumped 1K coins and went off again. This is not good. |
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xIronCrossx
Member
Offline
Activity: 112
Merit: 10
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August 24, 2015, 06:54:35 AM |
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Looks like a bloody monday.
I wonder how that morning dump is gonna look...or if some miracle happens and there's a huge surge of buys. |
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petahashminer
Legendary
Offline
Activity: 1890
Merit: 1037
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August 24, 2015, 06:56:05 AM |
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what is wrong at bitfinex , any news?
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ask
Legendary
Offline
Activity: 1386
Merit: 1004
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August 24, 2015, 06:57:22 AM |
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what is wrong at bitfinex , any news?
You mean Bitcoinica? 
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Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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August 24, 2015, 06:58:49 AM |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 24, 2015, 07:02:49 AM |
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ingiltere
Legendary
Offline
Activity: 2968
Merit: 1479
Rollbit.com Crypto Futures
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August 24, 2015, 07:04:28 AM |
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Interesting tweet with interesting timing. Did Kim Dotcom predict 2013 bubble right? |
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uxgpf
Newbie
Offline
Activity: 42
Merit: 0
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August 24, 2015, 07:06:55 AM |
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intentionally throttling the network to collect more fees is like strangling the golden goose to get more eggs.
Or like jumping out of a certain wooden sculpture when the walls of Troy first come into view? Our like trying to charge money for an infinite resource? Bip 101 timescale: Year. Size. Reward. blockchain size (rough estimate) 2016 8MB. 12.5. 40GB 2020 32MB 6.25. 3.4TB 2024. 128MB 3.125. 16.8TB 2028. 512MB 1.5625. 70.56TB 2032 2048MB 0.78125. 285.6TB 2036 8192MB 0.390625. 1145TB How many individuals do you think will be incentivized to store more than a petabyte of data with no compensation? The good news is that Gavin's plan is preposterous and will never gain traction, so fortunately there's nothing to worry about. 2036 is in 21 years. How big was a hard drive 21 years ago? (hint: a tiny fraction of the storage on my current 3 year old phone). Storage is so cheap now that if you include cloud storage like dropbox, it's free. This is the same fallacy the Malthusians made about mass starvation with population doubling every forty years. Didn't happen. All famines today are political, including ours. some people have no foresight Since 0.11 (Both core and XT) it's also been possible to run a node with a pruned blockchainFor example to limit blockchain to latest 10 GB of history would be: When pruning is active the wallet is disabled as a safety feature. But if no problems arise, I guess it will be enabled soon. Maybe this culls some fears of the blockchain bloat as the user can now choose how much data he/she is willing to store and still run a fully validating node. It's one less obstacle to growth of bitcoin and increasing/lifting blocksize cap. |
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JayJuanGee
Legendary
Offline
Activity: 3696
Merit: 10180
Self-Custody is a right. Say no to"Non-custodial"
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August 24, 2015, 07:12:47 AM |
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It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
I can't even cancel my orders... came back online, someone dumped 1K coins and went off again. This is not good. WTF, BJA?  ? At least if you make some kind of factual representation regarding current events, you could be a little more accurate. It appears that Bitfinex came back on line for about 2.5 minutes, and during that time, around 1000 BTC were traded... but they were NOT merely one player dumping coins, but instead there were a lot of trades back and forth between approximately $219 and $223. |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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August 24, 2015, 07:21:07 AM |
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It looks like some kind of circuit breaker tripped on bfx. no trades for a while.
I can't even cancel my orders... came back online, someone dumped 1K coins and went off again. This is not good. WTF, BJA? ? At least if you make some kind of factual representation regarding current events, you could be a little more accurate. It appears that Bitfinex came back on line for about 2.5 minutes, and during that time, around 1000 BTC were traded... but they were NOT merely one player dumping coins, but instead there were a lot of trades back and forth between approximately $219 and $223. Sorry, a thousand coins were either market sold or hit their ask price. UPDATE back up to $223 |
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