LAMike·há 5 anos·discussJust like the Internet, Bitcoin is built on layers.The Layer 2 technology, like the Lightning Network will fix the "infinite data on disk" problem.> centralization of the miners will continue to increaseAsk yourself: why do miners use energy to run the Bitcoin software?You can get paid to learn about Bitcoin with the Satoshi Passport app on iOS.
LAMike·há 5 anos·discussThen what happens when AWS goes down?Bye bye Ethereum.There is only 2,500 ETH nodes today, most run on "cloud" services which cost hundreds of dollars a month, soon to be thousands
LAMike·há 5 anos·discussI wrote my name in the Bitcoin blockchain 6 years ago, I barely knew Javascript.For a blockchain like Bitcoin to fit all of its transactions in only 420GB is an engineering feat that should be admiredThe blockchain data will never be "optimized" or "disappear"Please take the time to learn how Bitcoin works before pontificating
LAMike·há 7 anos·discussEvery second, the amount of hashes computed on the Bitcoin network is equal to every grain of sand on earth, multiplied by 7.There isn't enough computing power available to 51% attack a chain that comes close to justify the $1 billion dollar "bounty" on this transaction.
The Layer 2 technology, like the Lightning Network will fix the "infinite data on disk" problem.
> centralization of the miners will continue to increase
Ask yourself: why do miners use energy to run the Bitcoin software?
You can get paid to learn about Bitcoin with the Satoshi Passport app on iOS.