Quote from: StealthDevs on March 02, 2015, 06:39:09 PM

Quote from: gnargnar on March 02, 2015, 01:39:29 PM

Yes, just started staking coins and I just love that new wallet

I'm also really impressed by the speed to confirm transactions. It was really fast to withdraw from bittrex and confirmed on my wallet.

2 things i'm a bit worried about Stealthcoin and that i'd like some discussion going on this are :

1. user adoption. (marketing,promotion,niche/users definition and efforts)

2. the blockchain size.

if those 2 concerns could be discussed that would be great.
have a great week y'all
Cool

Outside of network health, which is my #1 primary concern at all times, your questions touch on the most important issues. First, let me brag a bit by saying that XST still has the healthiest network on bittrex at 22 connections, judging from the bittrex status page. It has been this way since July, with no real contenders.

In terms user adoption, my feeling is that the best road is to maintain a healthy coin that never falters. At the end of the day, a useful coin has no forks or tendency to fork and dependable confirmation times. Fast confirmation times help, but dependability is most important. My belief is that adoption follows confidence and that confidence is built on a foundation of dependability.

In terms of the blockchain size, right now the bootstrap file is 220 MB after nearly 8 months. Extrapolating that out to 10 years, the blockchain size becomes 3.3 GB. That's negligible compared to the size of modern hard drives, which cost about $100 for a 3 TB 5.5" drive. So the chain in 10 years will take $0.30 of space at today's prices. For a connection averaging 10 MB/s connection, that's about a 44 minute download. Validating a chain that size will take about 20 hours for a single 3 GHz core. Processors will probably be about 4 times faster in 10 years and the validation could be multithreaded with a little work, so I expect validation times to stay constant or actually decrease as the chain grows, on average. I feel like the size is huge from a subjective human standpoint (220 Million - 3 Billion of anything is too much to comprehend), but is not much of a concern.

I have fixed the bootstrap issue that I mentioned in some previous posts, so this should make adoption easier for new users. I was waiting to release the source until I got that issue sorted out. I may provide GPG-signed bootstrap options that require no validation on the user end, making the synchronization much faster. It's usually better to let one's computer validate the chain, but for most users, a "pre-validated" chain may be an easier option.

-- Hondo

Thank you Hondo for this great explanation about the blockchain Wink

I didn't know about that network health so that's awesome!

about marketing, if some of the biggest holders of XST could all hang over the slack channel to discuss about ideas, that would be great!
I am joining the slack chan today too