Post
Topic
Board Bitcoin Discussion
Bitcoin Core blockchain impossible to download now, too slow and too big
by
v1.0
on 10/02/2018, 18:18:34 UTC
As a newcomer to Bitcoin Core. I find the Bitcoin Core blockchain impossible to download now, it is growing exponentially and is just too slow and too big for the average person. What's the point? I wanted to have the entire blockchain on my computer, but it ain't happening. Here's why:

1) Bitcoin has been in existance for almost 10 years. But 50% of the entire blockchain is just from the last year or so! I mean, I'm at 30% downloaded right now, and that's right up until November 2015!

2) If your hard drive screws up, you're screwed! I was three weeks into the Bitcoin Core blockchain download, made it to 90%. Then, BAM! My hard drive died. Got a new drive, decided to try again. Seems slower than ever, my computer runs to a crawl at times.

3) Even if someday I do manage to catch up to the most current block/day, I believe soon if not yet already there, we will never be able to get past a certain percentage, say 98%, due to the ever-growing nature of the blockchain. It will get to the point where it is growing faster than than possible to download.

4) Bitcoin is not new-user friendly! Basically, if you missed this boat, the only other one to hop on are the life rafts (exchanges) circling around the boat like a body of sharks. Anyone that the blockchain download after 2016 I bet put in a lot of wasted time and resources trying.

5) Windows automatic updates really, really screw things up. With Bitcoin Core download, there is no time that your computer is idle for the updates, yet Windows thinks it is. So it kills the process with the reboot.

6) Actually, any sort of blip whatsoever in your Bitcoin Core client or storage device causes havoc. Its not like a few years ago, where you're looking at 20 gigs. We're dealing with over 100 gigs now. What happens when this reaches a terabyte? Not too far off, watch.

So, although it is enticing to attempt having the entire blockchain for failsafe transactions, it simply isn't feasible anymore. What happens now? Well, one could say Bitcoin should just adapt permament light wallets ala Electrum using multiple redundent cloud-based storage for the blockchain. Question is, who pays for it? Easy. Have silicon-based chip storage, with a percentage coming off transaction fees for the maintenance. Except then you have individual governance, which does not work with the Bitcoin system.

Thoughts?