Wednesday, August 20, 2014

I have raised it before - bitcoins known as block chain will grow so huge that it will eventually d


I have raised it before - bitcoins known as block chain will grow so huge that it will eventually devour all the hard drive space for all users, and potentially eat up all the Internet's transmission capacity. Now some other viewing this. See the following container vessel movie, or read the text itself.
Some quotes: container vessel "At first the file size was negligible. It stayed below 1 gigabyte Until mid 2012 However with Increased interest in the currency the block chain Began to grow exponentially. By September of 2012 it had jumped to 2 gigabytes, in September of 2013 , just one year later, the file was over 9 gigabytes, and by the end of November it had passed 11 gigabytes., If not entered the currency Continues to Increase and the number of transactions Continues to Grow at its current rate the block chain will moonrise reach 50 gigabytes within a year and 250 gigabytes within 2 years. [...] An example Proposal to address the issue would be to use what some have Referred to as super nodes as intermediaries. A super node would handle the block chain for you and you would Communicate with the super-node to deposit or spend bitcoins, so Essentially Bitcoin bank. [...] Once That happens bitcoin will no longer be outside the system as it is now. Maybe That would not be Such a big deal if it weren ' t for the Fact That One of the Major Reasons People are buying Bitcoin is to bypass the system. That means its value can not be separated from its form. [...] If you sell at the right time you might make a lot of money. However Those Who get blinded by Their ideological attachment to the currency are likely to Lose Their Shirts. "The problem is that all bitcoinanvändare keeps a copy of bitcoins entire block chain - Transaction History. Shall we start using bitcoin today one needs to download 11 GB of data. Eventually, people will simply not be able to download this. Incidentally continues bitcoinförespråkare claiming that bitcoin is free, despite today sacrifice container vessel 11GB of their hard drive to bitcoin. But just as many just look at the petrol cost when they run car, so is not bitcoinförespråkare especially analytic off. And what happens when you rely on bitcoinbanker we saw this week when 700 million were stolen from such. read more here. As always shoot the messenger container vessel well. Remember denial-ilska- bargaining-depression-acceptance. Supplement: Here is a possible attack vector for players who want to lower bitcoin. ahead and make massive number småöverföringar peer to swell up block chain even faster, so bitcoinanvändarna simply run out of hard drive. All you need is plenty of hard drive itself, container vessel several bitcoinprocesser (possibly several computers) that can verify the transactions locally and a really fat Internet connection, plus some programming skills and a measure of patience.
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"Addendum: Here is a possible attack vector for players who want to lower bitcoin. Ahead and make massive number småöverföringar peer to swell up block chain even faster, so bitcoinanvändarna simply run out of hard drive. All you need is plenty of hard drive itself, several bitcoinprocesser (possibly several computers) that can verify the transactions locally and a really fat Internet connection, container vessel plus some programming skills and a measure of patience. " The catch is of course that no audit of the transactions well not needed? You of course over 1BTC say to yourself and do not need to worry that it is spent in some other way, the same thing applies Nah

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