new feature - bitcoin v.9

[superduh]

http://thegenesisblock.com/significant-merchant-improvements-planned-for-bitcoin-v0-9/

seems like innovation is continuing. what do people think? what should be added to v1?

[hodginsa]

Figure out a way for late adopters to not have to download +8gb of data when they first start Bitcoin-qt.

[doobadoo]

Figure out a way for late adopters to not have to download +8gb of data when they first start Bitcoin-qt.

SHHH....Don't talk about that.  No one is allowed!  Rule #1 of Bitcoin is that you don't talk about the blockchain size.  Rule #2 of Bitcoin...

Oh now its over 10 gb now, btw...  But I just broke rules there..

[readonlyaccess]

Figure out a way for late adopters to not have to download +8gb of data when they first start Bitcoin-qt.

SHHH....Don't talk about that.  No one is allowed!  Rule #1 of Bitcoin is that you don't talk about the blockchain size.  Rule #2 of Bitcoin...

Oh now its over 10 gb now, btw...  But I just broke rules there..

There is a team of people actively working on the scalability issue by introducing indexing.

[TippingPoint]

Everything is relative.  The blockchain size is very small compared to the number of stars in the universe, and the download time is very short compared to the time it takes to grow an oak tree from an acorn.

[Come-from-Beyond]

There is a team of people actively working on the scalability issue by introducing indexing.

A whole team? Do u know their names?

[Big Toe]

Everything is relative wont make to much difference.

[QuantPlus]

Everything is relative.  The blockchain size is very small compared to the number of stars in the universe, and the download time is very short compared to the time it takes to grow an oak tree from an acorn.

Ya man, DOS was great... Windows and the internet ruined everything.

[dree12]

10 GB can be stored on a 2007 low-end Zune, so I see no issue with the blockchain size. If you can't hold it, either get some better software or use a lite client.

[IIOII]

10 GB can be stored on a 2007 low-end Zune, so I see no issue with the blockchain size. If you can't hold it, either get some better software or use a lite client.

Disagree. Any software should aim at reducing resource requirements where technically feasible. And 10 GB is a lot for what is from most users viewpoint a simple tool for managing transactions.

All bitcoin users I know are unsatisfied with blockchain space requirements and download times. On the other hand the majority of them does not want to use lite clients as they prefer full control over verification.

Reducing the blockchain size and thereby improving performance of the reference client will clearly be a huge benefit.

[Singlebyte]

10 GB block chain size is an issue.  We are only 4 years into the use of bitcoin with relatively low amount of transactions.  Fast forward 10-15 years once bitcoin is main stream, and block size definitely could become a major issue.  It would be nice if a "new" genesis block could be created every 5 years or so.  All the past transactions could be rolled up into an offline archive.  The block chain size also becomes an issue for mobile (phones) devices.  Nobody wants to download a 25-50 GB file before they can use their phone wallet.

[Lohoris]

It would be nice if a "new" genesis block could be created every 5 years or so.  All the past transactions could be rolled up into an offline archive.  The block chain size also becomes an issue for mobile (phones) devices.  Nobody wants to download a 25-50 GB file before they can use their phone wallet.

This is a whole bag of nonsense.

[r3wt]

10 GB block chain size is an issue.  We are only 4 years into the use of bitcoin with relatively low amount of transactions.  Fast forward 10-15 years once bitcoin is main stream, and block size definitely could become a major issue.  It would be nice if a "new" genesis block could be created every 5 years or so.  All the past transactions could be rolled up into an offline archive.  The block chain size also becomes an issue for mobile (phones) devices.  Nobody wants to download a 25-50 GB file before they can use their phone wallet.

in 10 or 15 years, we will have 50 gb/ps connections, and the block chain will likely download in 15-20 minutes.

[Singlebyte]

This is a whole bag of nonsense.

Care to explain your comment?  Or are you trolling with worthless comments?

I didn't say it was possible, just that it would be beneficial to truncate old transactions periodically.

50gb of 10 year old transactions on everyone's computers is nonsense.  

[Lohoris]

This is a whole bag of nonsense.

Care to explain your comment?

"offline archives" makes no sense: if I download the blockchain I want it all, otherwise I could just use a thin client.
the comment about the phones make no sense either: thinking about using a full client on a phone is just insane.

[xavier]

Figure out a way for late adopters to not have to download +8gb of data when they first start Bitcoin-qt.

SHHH....Don't talk about that.  No one is allowed!  Rule #1 of Bitcoin is that you don't talk about the blockchain size.  Rule #2 of Bitcoin...

Oh now its over 10 gb now, btw...  But I just broke rules there..

Hahahaaha

So true

+1

[dree12]

10 GB can be stored on a 2007 low-end Zune, so I see no issue with the blockchain size. If you can't hold it, either get some better software or use a lite client.

Disagree. Any software should aim at reducing resource requirements where technically feasible. And 10 GB is a lot for what is from most users viewpoint a simple tool for managing transactions.

All bitcoin users I know are unsatisfied with blockchain space requirements and download times. On the other hand the majority of them does not want to use lite clients as they prefer full control over verification.

Reducing the blockchain size and thereby improving performance of the reference client will clearly be a huge benefit.

If people would expend 32 GB for a simple tool for entertaining oneself, I find 10 GB for a revolutionary financial transmission technology perfectly acceptable.

Of course, I don't deny that reducing blockchain size would be useful. However, I do find it very low priority and believe the project would be better served with security, usability, and internationalization updates.

[Transisto]

* Bandwidth throttling,

* Save a copy of wallet to ... (USB, /desktop/, ...)

[🏰 TradeFortress 🏰]

Figure out a way for late adopters to not have to download +8gb of data when they first start Bitcoin-qt.

Use a web wallet. Problem solved.

Yes, there are tradeoffs, but everything in life is about tradeoffs.

[mistermint]

There is a team of people actively working on the scalability issue by introducing indexing.

A whole team? Do u know their names?

Nah, they've not been indexed yet.