Replying to Avatar O Expedicionário

Wondering, how many GBs of data will the #bitcoin blockchain weight in, say, 2140, and will that amount mean that nodes will also be institutionalized as #mining have been (causing #BTC to become even less self-sovereign for individuals)?

I am still learning and so the question arises. Any thought, anyone? #GN
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CitizenPleb 2y ago

I’d love a good chart projection on this.

That said, technology is deflationary. Data bandwidth and speeds will be orders of magnitude larger and faster and ever increasing storage capabilities will keep getting cheaper and smaller in form factor.

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O Expedicionário 2y ago

That chart would be interesting indeed… 14 years ago anyone could run a node (and mine!), making decentralization a reality. Today with storage capacity needed around 531GB for the blockchain and increasing about +20% a year… Wonder what will that make to decentralization https://ycharts.com/indicators/bitcoin_blockchain_size

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CitizenPleb 2y ago

At this rate I don’t see storage being a huge issue. You can buy a phone with 1TB.

I see the demand in applications such as node running, entertainment, gaming, home AI, etc. all in market lockstep with driving storage demand and innovation. I still remember bringing home a desktop with a 1G hard drive around 1999 and having my mind blown.