A map to find treasure or secret passwords or the end of the world plans...Just imagine what could end up in the blockchain. Part time capsule part safe part invisible ink part James bond part infinity. Just think of all the craziness..I need to put something in the blockchain. But what...
Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
21–30 of 38 posts
Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#22Earlier quoted context omitted.
That's the beauty of a blockchain (and the rules that dictate how it is written) - one does not simply "remove the offending data". There are enough different parties involved that acquiring consensus to make historical changes is practically impossible. The data that is there, at least several blocks prior to the current block, is permanent. An attempt to do this would scare the market, affecting the value of bitcoi…
Sorry if I'm naive but another thing I've always wondered about that is the exponential size of the blockchain. I mean if Bitcoin ever gain real traction isn't it pretty inefficient to store all the data and replicate it around? Storage now seem infinite but practicality it is not, won't current blockchain be saturated to the point of uselessness when/if it reach usage level of an actual banking network? "Let think a…
There's a new block every X minutes. Where's the exponential growth?
Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#23Earlier quoted context omitted.
Sorry if I'm naive but another thing I've always wondered about that is the exponential size of the blockchain. I mean if Bitcoin ever gain real traction isn't it pretty inefficient to store all the data and replicate it around? Storage now seem infinite but practicality it is not, won't current blockchain be saturated to the point of uselessness when/if it reach usage level of an actual banking network? "Let think a…
There's a new block every X minutes. Where's the exponential growth?
I think you're being too literal. I'm not the person you replied to but I've also wondered how the unbounded growth is sustainable.
Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#24A map to find treasure or secret passwords or the end of the world plans...Just imagine what could end up in the blockchain. Part time capsule part safe part invisible ink part James bond part infinity. Just think of all the craziness..I need to put something in the blockchain. But what...
With terrible Dan Brown book and Tom Hanks film to follow ....
Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#25I don't quite understand - I get how images can be sent with a transactions but how do you see the image?
Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#26A map to find treasure or secret passwords or the end of the world plans...Just imagine what could end up in the blockchain. Part time capsule part safe part invisible ink part James bond part infinity. Just think of all the craziness..I need to put something in the blockchain. But what...
Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#27Eventually someone is going to make a program to store and retrieve child porn directly in the blockchain. That way it can be passed around and stored on hard disks but with thin deniability of "oh no, I just needed the blockchain so I could spend my buttcoins"
Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#28Earlier quoted context omitted.
Sorry if I'm naive but another thing I've always wondered about that is the exponential size of the blockchain. I mean if Bitcoin ever gain real traction isn't it pretty inefficient to store all the data and replicate it around? Storage now seem infinite but practicality it is not, won't current blockchain be saturated to the point of uselessness when/if it reach usage level of an actual banking network? "Let think a…
There's a new block every X minutes. Where's the exponential growth?
Well as far as I know X already tend to grow since Bitcoin introduction and it's a big point of discord between developers ("should we increase block size" argument as far as I know).
Now to be more accurate it might rather be a growth according to a logistic curve. Right now Bitcoin is used only by early adopters, but should Bitcoin usage diffuse among general customers it will growth quasi exponentially before plateauing.
Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#29Earlier quoted context omitted.
There's a new block every X minutes. Where's the exponential growth?
Well as far as I know X already tend to grow since Bitcoin introduction and it's a big point of discord between developers ("should we increase block size" argument as far as I know). Now to be more accurate it might rather be a growth according to a logistic curve. Right now Bitcoin is used only by early adopters, but should Bitcoin usage diffuse among general customers it will growth quasi exponentially before plat…
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Re: Hidden surprises in the Bitcoin blockchain and how they are stored (2014)
#30These days getting a 4kb image into the blockchain would cost you around 44 USD. i.e. 4096 x 200 satoshi fee = 819200 satoshis about .00819200 BTC. Add approximately a 50% overhead in the way you would need to store that image and you're looking at about .016 BTC.
transactions have been going through for a several weeks with 1-20 satoshi per byte. Unless you're in a hurry to get that image in a block, you can do it for 10 to 200 times cheaper than quoted price.