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ctoon6
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July 29, 2011, 01:02:49 AM
 #21

The weak spot in Bitcoin is the size of the blockchain. 


with trimming we only need to store about 30% of the total chain. yes it will get big, but storage sizes will go up with it. 5 years ago 500gb was big, these days 3tb drives are a avalable.

just because it is available does not mean most people have it. most people these days. 31% of steam users have a harddrive from 250-500gigs. although you can see that 750gig+ builds are growing fairly fast. with 1tb+ over 25%

give it 2 years and id guess 1-1.5TB will be around 30% with 2tb+ being 20-25%

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July 29, 2011, 05:37:59 AM
 #22

The weak spot in Bitcoin is the size of the blockchain. 


with trimming we only need to store about 30% of the total chain. yes it will get big, but storage sizes will go up with it. 5 years ago 500gb was big, these days 3tb drives are a avalable.

just because it is available does not mean most people have it. most people these days. 31% of steam users have a harddrive from 250-500gigs. although you can see that 750gig+ builds are growing fairly fast. with 1tb+ over 25%

give it 2 years and id guess 1-1.5TB will be around 30% with 2tb+ being 20-25%

I predict that a client for casual users that stores as little of the chain as possible will be in widespread use at least one full year before the size of the block chain database file grows to the size that would take up 1% of the average (mean) hard drive size of typical home PCs.

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July 29, 2011, 05:47:25 AM
 #23

I predict that a client for casual users that stores as little of the chain as possible will be in widespread use at least one full year before the size of the block chain database file grows to the size that would take up 1% of the average (mean) hard drive size of typical home PCs.

Forget home PCs for a second.  For bitcoin to go mainstream, we need to be able to pay from our cell phones.  Modern (even near future) download speeds can't handle the blockchain size.

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July 29, 2011, 05:55:34 AM
 #24

In the extremely unlikely case they take down the org domain (or, it goes down for some other reason when all the admins are on holiday) you can always use the wiki, which is on an .it domain ...

Why does a simple question like this need to result in a long discussion.

Bitcoin Core developer [PGP] Warning: For most, coin loss is a larger risk than coin theft. A disk can die any time. Regularly back up your wallet through FileBackup Wallet to an external storage or the (encrypted!) cloud. Use a separate offline wallet for storing larger amounts.
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July 29, 2011, 07:06:40 AM
 #25

I predict that a client for casual users that stores as little of the chain as possible will be in widespread use at least one full year before the size of the block chain database file grows to the size that would take up 1% of the average (mean) hard drive size of typical home PCs.

Forget home PCs for a second.  For bitcoin to go mainstream, we need to be able to pay from our cell phones.  Modern (even near future) download speeds can't handle the blockchain size.

The logical end of the reduced block chain idea is a device that keeps none of it locally, possibly not even the headers.  There are dozens, maybe hundreds, of threads here with ideas on how to do that.

Oh, and I can move 8 gigs into my ancient Palm Treo in about 2 seconds using the SD protocol.  Modern phones should be able to do even better.

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July 29, 2011, 12:16:47 PM
 #26

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