Hi, as perfect cryptocoins newbie, i am wondering about the future of the BTC if:
- the weight of block-chain that can reach and go over 1TB (it start to become to big for a lot of users)
- the computing power required to confirm every more and more transaction (not for all again)
- the probability that the check system could go all to less companies that can substain power and storage
- the probability that anyone can generate a private key from my public key
- the probability that anyone generate a bruteforce attack generating a lot of keys (public,private) and steal bitcoin
Thank you
Then think about what will happen if we have 200% more transactions regularly. It would mean that constantly 33% of all legit transactions will never get a confirmation. Can you imagine how useless bitcoin would be then?
And it doesn't matter if someone tries to host a full node on his smartphone or C64, we simply can't trim bitcoin down so much that it renders practically useless.
Don't you think?
And don't believe all the fear against bigger blocks. The people spreading it have their own project in the makings. The lightning network. The worse bitcoin works the more people will use their altcoin, they hope. Which would translate into income for them.