How many GBs of data do you think Bitcoin can add a year meanwhile not sacrificing node decentralization on a 5-10year timecycle?
#asknostr
Discussion
About tree fiddy
depends on the config option that lets nodes decide what txs they accept on their own nodes. but one can safely assume it'll be over 1tb in the next 3–5 yrs, and over 2tb in the next 10, assuming onchain activity significantly increases as bitcoin adoption grows.
Storage becoming cheaper year over year I would be surprised that this is an issue
Well, assuming full blocks for an entire year at the current 4 megabyte limit, it's only ~205 gigs a year. You would have to have 365 days of full blocks for that to happen though, and at least currently that's not happening.
I know I'm not really an expert when it comes to Moore's Law and data storage, but I know data storage does continuously get cheaper. So I don't know, it's hard to predict. But because you're asking someone to make a prediction, and I could be totally off my ass, but I could see people having maybe three, four hundred gigs a year And I think we would be able to maintain decent decentralization. I don't really know, though. And this also assumes that block sizes are full entirely for an entire year.
That's not an actual issue if you're targeting the OP_RETURN debate. You don't really need full history, just utxos to confirm new transactions. And OP_RETURN doesn't increase utxo, because it's unspendable anyway.