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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)



  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 [Bitcoin-development] Protocol extensions 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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