Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: BRC-20 needs to be removed
by
ETFbitcoin
on 07/06/2023, 09:46:59 UTC
⭐ Merited by vapourminer (1)
If the trends (~1.8 MB average block size after Ordinal popularity) continues compared with past trend (~1.2 MB average block size), i would say far longer if we project in next 10 years. In terms of size there would be ~307GB difference (see calculation below).
Code:
0.6 MB * 144 blocks (total blocks mined per day) * 365 (days) * 10 (years) = 315360 MB (~307 GB)
but that's 10 years. in 10 years, we can probably expect 4TB SSDs to cost under $100. Or near it. So an extra 307GB in 10 years is nothing.

I agree that storage-wise, it's nothing much. But how about CPU speed, where we know Silicon chip reaching it's limit? How about internet connection, where we know some country and region has either poor or expensive internet connection?

Quote
With BRC-20 (and similar protocol), the worst part isn't storage but rather UTXO growth. In last 2 months, total UTXO is increased by about 15 millions.
wow! that's not good for bitcoin. i guess its time for people running nodes to beef up their RAM... Shocked I guess that's another problem with bitcoin is how there's no limit on the size of the utxo set.

Those who run node either need to use more RAM or cope with slower verification time, where the software need to read UTXO from storage first. And i doubt limiting total UTXO is practical option.

Quote
And here i still use HDD to store Bitcoin blockchain.
why not? nothing wrong with bare metal. Shocked

Yeah, there's nothing wrong with that. It's just so many Bitcoin enthusiast use SSD to store blockchain data.

I'd suggest miner switch to different pool and attempt to revive P2Pool first.


--Why leave the high fee pool?
Note bold question.

The point isn't leaving pool which only include TX with very high fees, but leaving pool which perform some blockade since it could hurt Bitcoin usage in long term.

My bigger fear is not BRC-20 it is top pools simply blacklist fees under 50 sats a byte.

I get your point and that's why i mention why P2Pool (which is decentralized mining pool software/protocol) need to be revived if top  pools decide to do that.