Post
Topic
Board Bitcoin Discussion
Re: Analysis and list of top big blocks shills (XT #REKT ignorers)
by
Lauda
on 28/01/2016, 15:26:30 UTC
I do not think they even sell two Gigabyte hard drives anymore. Even eight terabyte hard drives are relatively inexpensive. An eight terabyte hard drive will be able to store the entire Bitcoin blockchain for the next six years easily, and that is with a two megabyte blocksize limit.

http://www.amazon.com/Seagate-Archive-Internal-Hard-Drive/dp/B00XS423SC
Your approach: Let me just pick out the first and cheapest 8 TB HDD, ignore all other costs of running a node including the high failure rate of these disks, and say 'you will be able to store the entire blockchain for [enter random number that I just made up] years'. I dislike this.

Since most non technical people do not even have desktop computers anymore, most people use laptops and tablets now instead. I think the vast majority of people will just end up using SPV wallets, it is how I introduce Bitcoin to non technical people today after all, since everyone does have a smartphone. Smiley
SPV wallets are horrible when you consider what Bitcoin stands for. Let me remind you: decentralized, trust-less. With SPV you are essentially trusting a 3rd party. However, I'm not trying to say that we should force everyone away from them. Just wanted to point out the situation.