Re: What do you think will happen to the price when all the bitcoins are mined?
seems the propaganda of us still living in the 1990's of dial up speeds and floppy disk removable storage has still got people enshrined into thinking bitcoin cannot cope with any blocksize scaling..
you do know that watching youtube for 10minutes(720p res) is 250mb and youtube has not broken the internet or your computer
hundreds of millions of people have no issue with streaming at 25mb per minute
dont fear allowing more people to make more transactions per 10 minutes. the fear has just been engrained into you by people who want you to use other networks by saying bitcoin cant scale, just so they can offer you a different network to rest your head against
a HD photo on an iphone is 5mb.. but do you hear screams of "dont upload your photo to social media every 10 minutes or your phone will brake the internet".. nope you dont
you do know that watching youtube for 10minutes(720p res) is 250mb and youtube has not broken the internet or your computer
hundreds of millions of people have no issue with streaming at 25mb per minute
dont fear allowing more people to make more transactions per 10 minutes. the fear has just been engrained into you by people who want you to use other networks by saying bitcoin cant scale, just so they can offer you a different network to rest your head against
a HD photo on an iphone is 5mb.. but do you hear screams of "dont upload your photo to social media every 10 minutes or your phone will brake the internet".. nope you dont
Yes, I'm aware of the speed/bandwidth issues that people used to worry about, I am quite old so I remember reading about email attachments one day breaking the internet because people were attaching full sized photos. My company even got us all through training to resize our jpgs
But I never thought about bitcoin block size like this, I thought it was just about the burden of individual nodes keeping the entire blockchain. Because even I right now couldn't afford to do it. I know there is pruning but I'm not so technical. It's only less than half TB but most of us on PC are still using max 512gb disks
I know it's different in Europe maybe but that puts most of us in Asia out.Bitcoin SV for example is I think 3 TB ++ already and it only started a few years ago? I could be wrong but isn't this problematic for most people at least in Asia.