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The blockchain is an append-only structure; it can only grow. The longer the blockchain, the more it costs to process a transaction. So if people divest from b
by denton-scratch 5y ago
The blockchain is an append-only structure; it can only grow. The longer the blockchain, the more it costs to process a transaction.
So if people divest from bitcoin and the price drops, that won't make bitcoin more suitable for buying stuff. Nothing can make the blockchain shorter.
- uh_uh 5y agoYou can truncate it at any point you want. If in 2060, the community collectively decides that the chain is too long, they can just decide that a block from 2040 is the new genesis block.
- denton-scratch 5y agoBy 2060 I'll have been dead for about 15 years.