It’s not about how many nodes can be run; it’s that anyone can run a node without, as you say, 40TB servers.
Discussion
thanks for the reply brett.
it was my thinking too. lately with fees rising rapidly and miners cherry picking transactions, it is a question at the back of my mind, what happens when the rest of the world gets on btc. how long and how much a transaction? privacy is great but functionality has to be considered as well.
increasing block size increases speed of processing. it also introduces other issues eg: what is is allowed to be included in block...
cost of technology is ever decreasing is a 40tb hdd really a stretch 10 years from now? that allows network to scale over 40.
thoughts?
GM 🙃
Firstly, I’m not an expert by any stretch. I’m just speculating…
I ask myself, can the entire population use Bitcoin? Given 21 quadrillion satoshi and 8 billion people, that is about 2.6 million satoshi per person on Earth. However we know that there are only around 1.5 quadrillion satoshi to be mined and if we are ridiculously generous and say 1 billion people already use bitcoin, that leaves around 250k satoshi per person. And that is assuming no more accumulation by people who already have bitcoin. Basically I think that there is no possible way everyone can use bitcoin without major changes to the protocol including both blocksize and total units, the latter being a complete non-starter. And if bitcoin is going to change and not be for everyone, then I don’t think it’s worth making that change at all.
GN 🫡