If bitcoin went the big block route, what would the total size of the bitcoin blockchain be today? Anyone know?
Assuming whatever the most accepted increase proposal was at the time.
Discussion
Wait. (Narrowing eyes) Wouldn't it, in theory, be the same?
Doesn't the memory pool get cleared every so often or just backlog?
Or are you implying that bigger blocks would have drove more traffic opposed to say Alts?
Doesn't the total amount of data just equal the amount of data the transactions totalled? If block size was different and we had all the same transactions, would the total block chain data be the same?
I think we'd be at 8MB blocks, and mostly unfilled until inscriptions. So total size would be not much more then what we have now, but potential growth rate of nearly 500GB/year going forward and network strain would lead to less decentralization
Would they be unfilled though without lightning?
Good point. If lightning didn't exist then I think there would be more on chain transactions.
question is when does the block size increase in this situation
If it was raised to let's say 8 per block back in 2017, then I'd assuming the chain size would be 'up to' around 2.4k gb by now. So anywhere between 500 (current size) to 2.4k
((52,560 blocks per year * 5.5 years)*8 mb)/1024 + by 2017 total storage of 146 gb = 2.4k gb
Assuming it wouldn't end up in failure? Because we already have seen what happened, some did choose the big block route, the block size limit was bigger, but usage lower, so the answer in reality is close to 200 GB.
In a fantasy where we have a magic wand to remove all the bad side effects of that route, maybe between 750-1000GB?
