From: Jordan Mack <jordanmack@parhelic•com>
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] Protocol extensions
Date: Wed, 21 Dec 2011 09:17:01 -0800 [thread overview]
Message-ID: <4EF2148D.40801@parhelic.com> (raw)
In-Reply-To: <67FAA76C-1734-471D-A3D8-31E5216DD512@ceptacle.com>
I think it would be a lot more than that. According to the Scalability
page (https://en.bitcoin.it/wiki/Scalability) if Bitcoin took over all
credit card transactions, that would be about 1.14GB per block. I
believe that is 58.5PB per year. (6*24*365*1.14/1024) This would also
mean the distribution of 2MB of block data per second, which doesn't
include broadcast overhead.
On 12/21/2011 12:50 AM, Michael Grønager wrote:
> when bitcoin takes over all credit card transactions (!), and even before that,
> we will meet a scalability problem. The blockchain will grow rapidly,
> (1MB/10min or 50GB/yr)
next prev parent reply other threads:[~2011-12-21 17:17 UTC|newest]
Thread overview: 36+ messages / expand[flat|nested] mbox.gz Atom feed top
2011-12-17 7:41 Eric Lombrozo
2011-12-17 13:13 ` Michael Grønager
2011-12-17 13:37 ` Christian Decker
[not found] ` <CABsx9T0puk3CWH1cfNHMSVEoCPaLJJWNJ+H5ObCERZrzMbrTyA@mail.gmail.com>
2011-12-17 19:06 ` Gavin Andresen
2011-12-17 21:49 ` theymos
2011-12-18 0:44 ` Jordan Mack
2011-12-18 1:07 ` Jeff Garzik
2011-12-18 1:27 ` Jordan Mack
2011-12-18 14:16 ` Andy Parkins
2011-12-18 17:09 ` theymos
2011-12-18 18:06 ` Alan Reiner
2011-12-18 18:47 ` Amir Taaki
2011-12-18 19:37 ` Jorge Timón
2011-12-17 19:28 ` Gregory Maxwell
2011-12-17 20:34 ` Christian Decker
2011-12-18 21:19 ` Stefan Thomas
2011-12-19 21:43 ` Jordan Mack
2011-12-20 9:10 ` Wladimir
2011-12-20 10:44 ` Nicolas Fischer
2011-12-21 0:47 ` Kyle Henderson
2011-12-21 8:50 ` Michael Grønager
2011-12-21 11:42 ` Eric Lombrozo
2011-12-21 12:41 ` Michael Grønager
2011-12-21 16:10 ` Christian Decker
2011-12-22 9:18 ` Michael Grønager
2011-12-22 10:12 ` Andy Parkins
2011-12-22 10:27 ` Michael Grønager
2011-12-22 11:52 ` Andy Parkins
2011-12-22 12:14 ` Joel Joonatan Kaartinen
2011-12-22 12:26 ` Christian Decker
2011-12-22 12:42 ` Michael Grønager
2011-12-22 14:46 ` Andy Parkins
2011-12-25 2:55 ` Zell Faze
2011-12-21 17:17 ` Jordan Mack [this message]
2011-12-22 9:19 ` Michael Grønager
2011-12-21 6:19 Eric Lombrozo
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