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Earlier quoted context omitted.
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.
Earlier quoted context omitted.
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.
Moore's Law/Kryder's Law ... advancement in technology outpaces growth.
Doesn't that mean that a whole blockchain could possibly be deemed illegal in some country due to copyright infringement or other liability of publications laws? I mean if you can't erase the data and keep publishing it, some would say you are liable. I see that as a particularly twisted legal argument, but couldn't some country use that against blockchain infrastructure if they feel like it?
Yes, this is indeed one possible attack vector! For more information, please see: https://en.bitcoin.it/wiki/Weaknesses#Illegal_content_in_the... To quote: It is illegal in some countries to possess/distribute certain kinds of data. Since arbitrary data can be included in Bitcoin transactions, and full Bitcoin nodes must normally have a copy of all unspent transactions, this could cause legal problems. However, Local…
Example: All the text for the blog posts here are pulled via api from data encoded into UTXOs in the dogecoin blockchain: http://dogeyip.com/blog.html
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...
https://proofofexistence.com/
If you have an Estonian ID, Stamp.io lets you sign it too!
Full disclosure: I know the Stamp.io team, and they're awesome.
Doesn't that mean that a whole blockchain could possibly be deemed illegal in some country due to copyright infringement or other liability of publications laws? I mean if you can't erase the data and keep publishing it, some would say you are liable. I see that as a particularly twisted legal argument, but couldn't some country use that against blockchain infrastructure if they feel like it?
Interesting twist if bitcoin blockchain would be found to distribute illegal porn or private/secret/classified data(it already stores some wikileaks content). # How does government stop/censor a global p2p network? I guess they would put pressure on developers and bitcoin foundation to remove the offending data and update the (official) software to block/reject/deny any upload of it. I assume it would have to employ…
Doesn't that mean that a whole blockchain could possibly be deemed illegal in some country due to copyright infringement or other liability of publications laws? I mean if you can't erase the data and keep publishing it, some would say you are liable. I see that as a particularly twisted legal argument, but couldn't some country use that against blockchain infrastructure if they feel like it?
Interesting twist if bitcoin blockchain would be found to distribute illegal porn or private/secret/classified data(it already stores some wikileaks content). # How does government stop/censor a global p2p network? I guess they would put pressure on developers and bitcoin foundation to remove the offending data and update the (official) software to block/reject/deny any upload of it. I assume it would have to employ…
I mean... its happened before and you had no idea
Its still in bitcoin's blockchain. There's lots of stuff in there.
Earlier quoted context omitted.
Moore's Law/Kryder's Law ... advancement in technology outpaces growth.
This is exactly the right mindset to build great software that is totally unable to run on modest hardware.
A hundred years from now, you could store the blockchain on current day hardware. And that is without talking about improvements in technology.
Earlier 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?
This is definitely not linear, and keep it mind it's only with a small amount of early adopter that they reached 125 Go mark.
As a matter of comparaison the whole database of the earth map at openstreetmap.org is as of writing only 36 Go fat when delivered in compressed form. https://planet.openstreetmap.org/pbf/
It seems absolutely ridiculous and a waste of ressource to expect that the blockchain shall never/ever use some rotating process to loose weight at some point.
Blockchain like technology can be very usefull, but current implementation look like a very rotten seed. And if a newer version that solve those issue emerge why on earth would they want to give any value to a prototype currency driven by opportunistics "first in" miners?
I desperately hope that no public fund was stupid enough to invest any real life saving to this mess because IMHO it's not a matter of if, but a matter of when it will collapse.