Post
Topic
Board Development & Technical Discussion
Re: Does Bitcoin become more decentralized over time?
by
ranochigo
on 01/03/2021, 13:08:34 UTC
I agree, however wallet such as Wasabi (which uses Tor, BIP 158 or both of them) usually took some minutes for first time sync.
They would still have lower requirements than Bitcoin Core; less bandwidth, less time taken, more privacy, etc. Definitely would outweigh any disadvantages.
Few years ago I purchased 4TB HDD disc and that is now even cheaper, and SSD disc are now also affordable and much faster.
When I purchased my first SSD it was expensive and had limited storage, but now you can find 1TB or 2TB SSD M.2 like Samsung or Adata in reasonable prices with good five year warranty.
I think current size of Bitcoin blockchain is around 330 GB, and with current yearly growth of around 25% I think that having few TB disc will last for years without any issue.
At current capacity, Bitcoin can't stay at that rate of growth if we want to accommodate more transactions. I'm not too sure about the rate of growth for HDDs, price might have gotten cheaper but the growth of Bitcoin could be faster than the growth of HDD capacity. I have doubts that most people can have enough space for a full node ontop of their own files and would probably just to forego that completely. Coupled with a fairly long initial synchronization as well as a catchup after not opening it for a while.