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It should be a balance between readability, findability and integrity. I would not bet on the btc blockchain for it. Its relativly complex to use, its very nic
by Klimentio 5y ago
It should be a balance between readability, findability and integrity.
I would not bet on the btc blockchain for it. Its relativly complex to use, its very niche, it is already 360gb big and there might be a time were it either disappears or gets optimized and your information will be gone.
- erhk 5y agoThe first blockchain will almost certainly be preserved for historic significance
- __d 5y agoWe thought that about Usenet.
- andai 5y agoWait, we lost it?
- deleted 5y ago[deleted]
- zhoujianfu 5y agoDon’t worry, Satoshi archived it in the genesis block!
- LAMike 5y agoI wrote my name in the Bitcoin blockchain 6 years ago, I barely knew Javascript. For a blockchain like Bitcoin to fit all of its transactions in only 420GB is an engineering feat that should be admired The blockchain data will never be "optimized" or "disappear" Please take the time to learn how Bitcoin works before pontificating
- lloydgrossman 5y ago>The blockchain data will never be "optimized" or "disappear" This is a really bold assumption - you do understand that core dev is still ongoing, yes? You do understand that "infinite data on a disk" doesn't exist, yes? And as the chain goes on longer, more space is going to be needed, and centralization of the miners will continue to increase, yes? Please take the time to learn how Bitcoin works before pontificating
- rlt 5y agoThe point is someone will always store a complete history of the Bitcoin blockchain, even if most users/miners prune it.
- LAMike 5y agoJust like the Internet, Bitcoin is built on layers. The Layer 2 technology, like the Lightning Network will fix the "infinite data on disk" problem. > centralization of the miners will continue to increase Ask yourself: why do miners use energy to run the Bitcoin software? You can get paid to learn about Bitcoin with the Satoshi Passport app on iOS.
- bccdee 5y agoThere's no technical barrier to truncating a blockchain. Just create a new genesis block and have it initialize every account balance to the balance it held at the end of the previous block chain. You could discard all the junk data as simply as that.
- rlt 5y ago"No technical barrier" means nothing with respect to Bitcoin. You have to convince a large majority of Bitcoin users / miners / exchanges / services to switch to your new genesis block or other protocol modifications, otherwise your fork will die off, or at least not "be Bitcoin" as the rest of the world sees it (e.x. Bitcoin Cash, etc) But really it's not even necessary, nodes can and do prune op_return, spent, and otherwise unspendable transaction outputs. The point though is someone is likely to always hold onto a complete history of the Bitcoin blockchain, even if most users don't.
- kingcharles 5y agoAt some point improvements in computing will mean that the "crypto" in current cryptocurrencies will no longer be secure, and therefore all current currencies of this type will have to be abandonded for something else - quantum-something.
- thebean11 5y agoEh, you just need a different "crypto" that's quantum safe. Yes if someone today had a computer that could crack private keys, all current crypto would be dead immediately. If crypto has some advanced warning (enough time to implement a new quantum safe private key scheme, update node software, and allow users to move funds to quantum safe addresses), then it's not existential.
- deleted 5y ago[deleted]
- terafo 5y agoIf growth continues linearly it will be less than 20tb. It is possible to fit that much data on a single physical drive even now, let alone in 500 years. 360gb is just not that much.