Re: The Bitcoin Blockchain Size

Quote from: legitnick on June 28, 2013, 05:04:17 AM

Quote from: CaptChadd on June 27, 2013, 01:16:20 PM

I know that probably has been mentioned before but I just checked the size of the Bitcoin folder in appdata and it is now 17GB. Right now I have it stored on another drive and then mapped across, due to my OS drive being a small SSD.

Is there going to be any way for the dev's to be able to decrease this at all?

Imagine 10 years down the line and a 100 GB or higher Bitcoin appdata folder, that is always a lot of space even on a TB HD.

As computers technology progresses the file size really wont be a problem in 10 years.

Moore's Law : Moore's law is the observation that, over the history of computing hardware, the number of transistors on integrated circuits doubles approximately every two years.

Bitcoins's Law: Bitcoins's law is the observation that, over the history of blockchain size, the overall size of the blockchain doubles approximately every 6 months.

In other words the blockchain is growing 4 times faster than Moore's Law. In 10 years we are going to be seeing an epic disaster if both hold true. And I am being EXTREMELY conservative on the growth rate, recently it's been every 3.4 months.