Hey guys, I'm chatting with the guy of the biggest

Question

Hey guys, I'm chatting with the guy of the biggest

BTC Youtube Channel in Germany right now, in his Telegram group.

How would you respond to this?

"No, even for a medium-sized business, it is not feasible to store a terabyte of data every 10 minutes. You would end up with a network where data spam costs almost nothing, allowing governments to generate enormous amounts of data at a fraction of the cost. As a result, the blockchain would only be viable under the control of large service providers, likely under state control."

#bch #bitcoincash #cryptocurrency #english

0

24.08.2024

5 ответов

11 просмотров

Adaptive Blocksize Limit

Who said terabytes? Bitcoin nodes are scalable. Storage costs have decreased while capacity has increased giving us more TB/$. This ensures no issues whether you run a full mining node or SPV node. Note: There’s no difference between SPV & non-mining full node for payment verification. https://x.com/bandarfaqih/status/1821284471766970610?s=46&t=2dhBB5tcE70rXymhrRwvgg

0

2 месяца назад

minisatoshi

For 60,000tps we would need like 4GB blocks. It’s easy and cheap to run, frankly

0

2 месяца назад

Adaptive Blocksize Limit

minisatoshi
For 60,000tps we would need like 4GB blocks. It’s ...

Context is important 4GB block per year?

0

2 месяца назад

minisatoshi