Quote from: vapourminer on Today at 07:26:31 PM

Quote from: death_wish on Today at 05:27:45 PM

Quote from: Richy_T on Today at 02:54:23 PM

A hype project that has helped nobody and makes no sense.

Have you ever lived in a situation where downloading the entire Bitcoin blockchain from the Internet, and keeping up with blocks, would be cost-prohibitive in terms of bandwidth? It is not a rare situation. Not a corner case. I think that the worldwide majority of people are probably in that situation.

Satellite TV dishes are ubiquitous. Surprising and disturbing, but true. They can be repurposed for this, with a few parts that fit into a poverty-level budget. Now, at least, you can have the BYOB security of consensus-validating the blockchain yourself. To make transactions, use your mobile data connection that has kbps speed, and costs money you can’t afford billed by the kilobyte. Although it is not ideal from a decentralization viewpoint, it gets your foot in the door.

Still makes no sense?

Blockstream’s advertised primary use case for Satellite makes excellent sense.

raises hand.

my internet sucks majorly bad and it would take months, many months, to dl from genesis. my inet is so bad and the full blockchain stored locally so important i have it backed up so many ways (raidz2, raid5, portables drives, internal drives i rotate etc, all stored in many places) it borders on ridiculous.

help me obi won musk, starlink is my only hope.

By the time we go from “Bitcoin is for everyone”, to “Bitcoin is for well-off people in rich countries”, to “Bitcoin is only for people with high-quality urban/suburban Internet access”, there is not much “everyone” left.

Blockstream Satellite helps to grow BTC’s long-term fundamental value.

When weak CPU/RAM and worse, low IOPs are the bottleneck, it is also important to back up chainstate. And avoid doing anything that causes reindex or re-scan.