** Some awesome responses on here by experienced coiners, I want to address some of them, particularly by DannyHamilton **
** This is all from my point of view and experience to date, which is <2 months **
1) I keep seeing "linear growth" mentioned. This is incorrect IMO. The data is growing exponentially, you can see this by checking the blockchain growth charts.
2) Lightweight wallets are fine and dandy yes, but they require 100% dependency on an outside source :shudder:
3) Modern computer w/ RAM, SSD, some good cores etc---> I really appreciate this info, I had no idea the Bitcoin Core client was so dependant on this with the block processing, I had assumed the software itself was limited in how fast it accomplished this.. Silly oversight on my part, software is ALWAYS dependent on the quality of the hardware it resides in. It's like asking "why can't my Balckberry Playbook run Autocad?"
4) The download is still impossible. Because of the exponential growth, it gets slower and slower as it inches closer to the last year and a half, to the point of ridiculousness.
5) Pray, do tell, why the average person doesn't need to store the blockchain? Again, imagine if this type of thinking was the modus operative of the Bitcoin Core initiative.
6) I learned something new---> blocks "filling up". So, please correct me if I'm wrong. The size of the blockchain is the sum of two parts: the mined blocks & the ledger
7) Pruning mode--> neat! But you still need the entire blockchain first before entering this mode.

Backups are very important. If you aren't backing up your data, don't cry when its lost. But I'm not going to back up something I don't even have yet. Unless, I suppose, you do a backup of the partial data.
9) If its processing slower now than my old drive, than yes I suppose the specs are worse...I didn't realize how important this was, and should have wend SSD.
10) Silicone-chip based storage w/ fee percentages, never mind. A discussion for a different time. Typical newbie blurt.