JollyGood (OP)
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July 08, 2017, 11:12:21 PM
Last edit: July 10, 2017, 01:37:46 PM by JollyGood |
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http://www.altcointoday.com/ethereums-blockchain-size-surpasses-bitcoins-by-40/So is ETH going to sink to the same levels as once upon a time giants like QuarkCoin, FastCoin and alike? I mean who wants to wait a week for the block to sync? Who wants to carry 180GB+ of blockchain for a coin that is NOT #1 and will never be #1 
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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gmaxwell
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July 08, 2017, 11:25:24 PM |
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Can any of the commonly used ethereum node software still sync the whole chain in a plausible amount of time? I heard it was taking weeks and now all the software is defaulting to "fast sync" which is SPV-like security. There really interesting point will be as their state gets as large as Bitcoin's blockchain. They seem to be working to hold that back by having miners artificially limit it... and have tx fees not that dissimilar to Bitcoin's as a result even though a few months ago they were mocking fees being over a half cent. I saw a post on reddit that the etherum admins had pledged to spend $1m/yr to keep 10,000 reliable nodes running themselves, if so then they may disguise the collapse of their network pretty well... but it didn't cite any sources. |
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JollyGood (OP)
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July 08, 2017, 11:27:54 PM |
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Can any of the commonly used ethereum node software still sync the whole chain in a plausible amount of time? I heard it was taking weeks and now all the software is defaulting to "fast sync" which is SPV-like security. There really interesting point will be as their state gets as large as Bitcoin's blockchain. It is already 40% BIGGER than bitcoins blockchain. |
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benthach
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July 08, 2017, 11:34:59 PM |
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In a couple years people would need a 5tb hard drive and wait half year to have this crap etheriem wallet working, i guess the reason it don't have a solid stable working wallet at the moment because it drive the bagholders away, very smart. |
reddit btcwriter1 - twitter kingpininvestor
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JollyGood (OP)
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July 08, 2017, 11:37:01 PM |
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So how is it that ETH has a huge market capital? It is second only to bitcoin!
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cengsuwuei
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July 08, 2017, 11:42:09 PM |
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i hope after etherum blockchain size incraese without problem transaction again
in month june, etherum much problem sending and very long time confirmation
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rdnkjdi
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July 08, 2017, 11:43:49 PM |
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With the pruning of fast sync it took me about 6 hours on a 10mb connection.
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JollyGood (OP)
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July 09, 2017, 02:06:40 PM |
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With the pruning of fast sync it took me about 6 hours on a 10mb connection. So in your opinion does ETH have longevity in the world of crypto? I mean bitcoin remains king |
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speakoo
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July 09, 2017, 02:14:59 PM |
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And it will increase day by day,a lot of ICOs based on ETH ,this will be a big problem. I often use web wallet instead, so it's ok to me . |
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JollyGood (OP)
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July 09, 2017, 02:18:50 PM |
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And it will increase day by day,a lot of ICOs based on ETH ,this will be a big problem. I often use web wallet instead, so it's ok to me . So what will you do if the web wallet goes the way of Mt Gox or Cryptsy and you lose everything? |
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oddwh
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July 10, 2017, 07:15:20 AM |
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That's why the last time I tried to use Mist, I gave up because it was taking ages to sync  Anyway this will become really hard in some years to keep alive a node And it will increase day by day,a lot of ICOs based on ETH ,this will be a big problem. I often use web wallet instead, so it's ok to me . So what will you do if the web wallet goes the way of Mt Gox or Cryptsy and you lose everything? I guess he uses MEW so that's okay. |
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Herbert2020
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July 10, 2017, 08:27:59 AM |
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i have been saying this at least 6 months ago. but nobody listened and they mocked me. having faster blocks (every ~13 seconds), having bigger blocks, pretending to process more transactions, ... all these things come at a cost. they are not free that everyone is always so happy about. what happens when all of their advertisement gains some adoption finally. and a lot more transactions start to be processes by its network? they failed to handle a simple increase due to a smart contract recently and forced everyone to shut down their wallets and services because of network congestion! what happens when there is a similar spam attack on ethereum blockchain for a couple of months or a couple of years like bitcoin has been experiencing? #flippening my ass  |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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JollyGood (OP)
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July 10, 2017, 12:04:36 PM |
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i have been saying this at least 6 months ago. but nobody listened and they mocked me. having faster blocks (every ~13 seconds), having bigger blocks, pretending to process more transactions, ... all these things come at a cost. they are not free that everyone is always so happy about. what happens when all of their advertisement gains some adoption finally. and a lot more transactions start to be processes by its network? they failed to handle a simple increase due to a smart contract recently and forced everyone to shut down their wallets and services because of network congestion! what happens when there is a similar spam attack on ethereum blockchain for a couple of months or a couple of years like bitcoin has been experiencing? #flippening my ass Sorry that you feel people mocked you but I respect your views |
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comp
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July 10, 2017, 12:30:47 PM |
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I believe BTC chain will grow by 50% due to 1august upgrade
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X-ray
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July 10, 2017, 12:36:47 PM |
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I believe BTC chain will grow by 50% due to 1august upgrade
I think that's why the vitalik already planned to migrating the ethereum with the casper pos. But the bitcoin blockchain and ethereum blockchain gets bigger more and more everytime. it doesn't look good in my opinion. |
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JollyGood (OP)
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July 10, 2017, 01:39:56 PM |
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I believe BTC chain will grow by 50% due to 1august upgrade
I think that's why the vitalik already planned to migrating the ethereum with the casper pos. But the bitcoin blockchain and ethereum blockchain gets bigger more and more everytime. it doesn't look good in my opinion. Does anyone have any ideas about possible solutions? I mean having personal wallets are going to become more difficult as time goes by, with reliance on online wallets increasing however with MtGox and Cryptsy prime examples of customers being scammed there needs to be a re-think about the way forward. |
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simik
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July 10, 2017, 02:34:28 PM |
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I saw a post on reddit that the etherum admins had pledged to spend $1m/yr to keep 10,000 reliable nodes running themselves, if so then they may disguise the collapse of their network pretty well... but it didn't cite any sources.
A $100/yr for a reliable node with 200+GB disk (and probably 2GB+ RAM)? Where can I find such VPSes for rent? |
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13abyknight
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July 10, 2017, 02:45:26 PM |
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This is one of the main reasons Ethereum became a hit and their sales exploded. When you're making a new coin and an coin issue system, you have to be better than the old one which Ethereum successfully achieved by expanding its blockchain and carry out lots of enhancements.
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Zer0Sum
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July 10, 2017, 02:55:34 PM |
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I believe BTC chain will grow by 50% due to 1august upgrade
I think that's why the vitalik already planned to migrating the ethereum with the casper pos. But the bitcoin blockchain and ethereum blockchain gets bigger more and more everytime. it doesn't look good in my opinion. People are talking like 200 GB is a lot, your standard SSD is now 1000 GB  Just use Parity as your desktop client, it only downloads what's required to do your tx... and only idiots use 3rd party wallets. This might come as a shock to people, but Vitalik has been working on scaling for 2 years: (1) Casper POS (2) sharding to control blocksize increases (3) unlike Bitcoin, almost zero politics in Ethereum so shit gets done This place is like the Ethereum Fake News Channel... CNN for Ethereum. |
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Febo
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July 10, 2017, 03:10:29 PM |
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People are talking like 200 GB is a lot, your standard SSD is now 1000 GB Come on. 1000 GB is not standard now. Yes for some super expencive computers some ICO dev can afford with others peoples money. I dont see 200 GB blockchain a big problem but the fact that with this speed it will be 1000 GB really fast. |
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