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"One can do all of that and still have the majority of their assets in cold storage."
by kelthuzad 3y ago
"One can do all of that and still have the majority of their assets in cold storage."
- bennyschmidt 3y agoNice try with the quotes hahah. But no, that is not mentioned in the whitepaper, and you are way off now: Cold storage is a cloud term for long-term storage, it has nothing to do with "cold wallets" - the term centralized exchanges use for "off-chain" assets. Also this (from bitcoin whitepaper): "A block header with no transactions would be about 80 bytes. If we suppose blocks are generated every 10 minutes, 80 bytes * 6 * 24 * 365 = 4.2MB per year. With computer systems typically selling with 2GB of RAM as of 2008, and Moore's Law predicting current growth of 1.2GB per year, storage should not be a problem even if the block headers must be kept in memory." I'm convinced 90% of people talking about crypto don't get it.