Quote from: DieJohnny on August 15, 2014, 02:30:32 AM

Quote from: Biodom on August 15, 2014, 02:21:06 AM

Quote from: ArticMine on August 14, 2014, 11:30:43 PM

Quote from: fluffypony on August 14, 2014, 10:21:50 PM

Quote from: Queeq on August 14, 2014, 01:24:31 PM

Is there any effort being put towards minimization of blockchain bloat, which seems the biggest issue?

No - we've discussed this on a number of occasions, and it's truly a non-issue until someone can prove to us that it is. The amount of hot air around this issue shows how poorly it's understood.

The first thing to remember is that all cryptocurrencies with "mixing" and other fluff in a bid for "anonymity" will end up with bloat. "But they can prune their blockchain!", I hear you say. Except that Bitcoin doesn't currently have the code in place to prune its blockchain or work off a pruned blockchain, and you can bet that some random altcoin developer doesn't have the technical chops to do this.

Consider, too, why this isn't "the biggest issue" for Bitcoin. Does Bitcoin's 20gb blockchain hamper adoption? No, because mostly everyone uses lightweight clients or web wallets.

The reality is that bandwidth and disk capacity is ever advancing, and there is little reason to think that Monero has a major issue if its blockchain ends up matching Bitcoin's and hits 110gb in 5 year's time. That having been said, there are definitely ways to trim on-disk usage, and we will look at doing this as time goes on. For the foreseeable future, though, this is a much lower priority than most things.

Blockchain bloat is a non issue as far as I am concerned. What is an issue with Bitcoin is the 1MB blocksize limit and the fear of bloat in the community regarding its change. As I mentioned earlier in this thread if this is not addressed it will cause problems. XMR (Monero) does not have the 1MB blocksize limit limitation.

Tell us more about Monero, please. I already got 3-4 times more XMR than BTC (in units, not in actual value), and would like to understand it better. Seems awesome on the surface, but will it ever grow beyond the current state? I am willing to risk a bit more on it, as it sounds quite appealing.

alt coins are stupid as long term investments, they are pretty fun for the short term gambling addiction

they question is whether they could become Bitcoin 2.0 or Google/facebook vs Yahoo using the Internet analogy. Google was just a search prompt on a single page, but once you put something in that prompt, it was almost magical for that time (in speed and accuracy), hence they succeeded to become #1. I am not sure that it applies here, though.