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Several gigs may be prohibitive for an end user, but not for anyone who wants to set up a server. How many people run their own email servers any more? Spam con
by pkulak 14y ago
Several gigs may be prohibitive for an end user, but not for anyone who wants to set up a server. How many people run their own email servers any more? Spam control and all the security and other BS is a giant PITA. That doesn't mean, however, that there isn't still Hotmail, Gmail and Yahoo. Email is not centralized.
Though, I see that this is a bit different. If I had 1000 bitcoins I wouldn't want to put it on any server but my own. But, then again, I'd be pretty rich and downloading a few gigs of data wouldn't be the end of the world. ;)
- celticninja 14y agoexactly, if you are dealing with under 100 BTC then a webwallet will work sufficiently well for keeping your money in, however those with larger balances are more likely to not mind needing to download the entrie blockchain. I will say that I recently wiped by HDD and re-installed everything incuding the bitcoin-qt client and it probably took me around 24 hours to download the entire blockchain, probably just shy of 210000 blocks. The first 50-70% of data took very little time at all, the last 50-30% took the lions share of the 24 hours.