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Author Topic: Can the Block Chain get too big and make Bitcoin unworkable?  (Read 31496 times)
ymer
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March 25, 2014, 04:05:49 AM
 #61

2 years later... Blockchain is too damn big

compared to what, exactly?

Well it's almost as big as my windows folder
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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MoonShadow
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March 25, 2014, 04:11:45 AM
 #62

2 years later... Blockchain is too damn big

compared to what, exactly?

Well it's almost as big as my windows folder

Yeah, that's pretty big.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
Kluge
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March 25, 2014, 12:30:55 PM
 #63

2 years later... Blockchain is too damn big

compared to what, exactly?

Well it's almost as big as my windows folder
Bigger than mine. Five years since last fresh install, too. Cheesy Ran out of room on SSD drive long ago and had to shove it all on the mechanical storage drive.

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March 25, 2014, 01:05:48 PM
 #64

Well that's why light wallets are created. And, spamming does occur in transactions but it's so tiny it's basically useless and the spammer will be wasting a lot in transaction fees
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September 29, 2017, 09:44:51 AM
 #65

One of my mentor yesterday said bitcoin and this whole blockchain thing is likely to fail in a massive scale, he later said it might get too huge to load, glad there are plans for that.
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