When HN users recommended it
2 HN users recommended this in 2022, in 2 comments.
20072026
Each tall tick is one HN user's first recommendation. A short tick is the same user again. Click a tick to jump to the comment.
2 HN users recommended this in 2022, in 2 comments.
Each tall tick is one HN user's first recommendation. A short tick is the same user again. Click a tick to jump to the comment.
The example tweet, a somewhat large one with links and images, gzips down to 1.5KB by itself. Given that information, I think it would be reasonable to estimate 1KB per tweet in bulk.
500 million times 1KB is... still one USB stick, not even $50 https://amazon.com/SanDisk-512GB-Ultra-Flash-Drive/dp/B083ZL...
Or going by the retweeted quote tweet that's 40% bigger zipped, it's still well within 1TB which is a normal size for a flash drive.
I'm not very fond of Musk but this is a weak criticism.
Decentralization refers to many things, it depends on the discussion.
No it doesn't. Decentralization in cryptocurrency always meant being able to make transactions without a central controlling authority. Someone has mislead you to a strange backwards rationalization to say bitcoin is unique.
they also do validation which is why its important for wallet owners and services to run their own nodes even if they dont mine.
They might validate blocks before rebroadcasting them. This is not the same as miners dictating the ordering of transactions that goes in to a block. These are two different things. One is vital, one is a very minor convenience. Have you read the actual bitcoin pdf? Have you read about cryptocurrencies outside of /r/bitcoin ?
It actually isn't crucial for someone to run their own node, someone just needs a way to query the current state of the chain.
Yes, it is because they are highly centralized chains that might as well run on sql and/or ghost chains with no users.
Where are you getting nonsense like this? This is circular logic, your 'evidence ' is just saying the same thing over and over. Ethereum has had more transactions than bitcoin for the last four years. Here is actual evidence:
https://bitinfocharts.com/comparison/transactions-btc-eth.ht...
Yes, offchain transaction batching is a good scaling strategy. Satoshi recommended it as a solution.
Satoshi recommended lifting the block size limit and having relatively few nodes that could handle huge amounts of on chain traffic. I don't remember anything about stopping at 1.166 KB/s as throughput.
I assure you, running one costs a lot more than 10$/month. Perhaps you should check the math on your claim.
Your evidence is "I assure you" ? I'll show you actual evidence and you can check my math.
Here you can see a 700KB average block size roughly every 10 minutes. That is 1.166.66 KB/s
https://bitinfocharts.com/comparison/size-btc.html#3m
A $10/month VPS will have a 1 gigabit connection. That is going to be 125 megabytes per second. That is 107,204 times faster than the bandwidth of the bitcoin network. The entire bitcoin blockchain is only 437 gigabytes. That VPS could download the entire chain from the last 13 years in about an hour. To give you some reference of how much faster that is than what is needed, an SR71 blackbird at a top speed of mach 3.3 is only 75,600 times faster than a slug.
As for drive space, the entire chain will fit on a 512 GB thumb drive. These can be bought for $40 USD. Here is where the average fee for a single transaction was over $62 USD. A average single transaction cost more than storing the entire chain on an SSD because of the terrible bitcoin throughput.
https://bitinfocharts.com/comparison/bitcoin-transactionfees...
https://www.amazon.com/SanDisk-512GB-Ultra-Flash-Drive/dp/B0...
I would check your math, but you didn't give any at all. You have been taken in by a complete lack of real information. Try asking about it on /r/bitcoin and watch your comment be deleted or shadow banned. There is a reason you aren't getting any real information.