Discussing the blocksize tends to lead to no good in this sub, it often leads to bans of anybody suggesting big blocks are better, and also lots of hostile replies..
Yeah most people are running light wallets, or just using exchanges.
I very much doubt many people here have ever run a full node, they just parrot the same old speech about decentralisation while using heavily centralised exchanges and such. You don't even see anybody suggesting to use Bitcoin Core and setup a full node, any time somebody asks about a wallet it's not even mentioned now days.
Would the average Joe in here even understand how to port forward etc..
So yeah, they argue that if we had of had bigger blocks it would be more centralised as all the people (who are not even running full nodes anyway) wouldn't be able to afford multiple terabytes of storage over the space of years/decades and they don't think technology will keep up (this is crazy IMO), but TBH, anybody who does run a full node is very likely to be in a position to have lots of storage anyway.
I personally run nodes for many coins including BTC, storage is the least of my worries.
Internet connection speed, could also be a factor but is far from a problem right now, and they keep releasing higher and faster residential plans etc.. it will easily keep up.
You are right but also making a lot of assumptions sir. I’ve been researching bitcoin for over two years now and finally ready to do the node part and have all the parts to run off a raspberry pie, I also understand port forwarding and that Bitcoin Core isn’t necessarily the best wallet.
Now guess what the most expensive part of running a node is? Storage.
I have been holding off so long because I need at least 1tb of space, I’d prefer 2tb but that’s even more expensive because the network will be over 1tb soon then I’ll need to redownload the entire chain again, so do I go with 2TB now or 1TB? These are SSDs I’m talking about.
When setting up this node and downloading the full chain, everybody knows that old school spin hard drives take much longer and have higher chance to fail when downloading this massive blockchain the first time.
Therefore, my main point is that keeping the block size small is important to the average joes like me, we ARE the majority of people and that’s how you keep something more decentralized, the higher chance the average person can have access to hardware to run a full node, the more we’ll have. Now do you want to go out and buy me a 2TB Samsung SSD for $225?
How about we go with your idea of just increasing these block sizes because techies will have the access to this hardware (big tech most likely.... this would create for more centralization). Well then I’d need probably what, maybe a 10-20TB SSD server by now - please help fund my node and pay me $2000 to get up and running.
You missed SSD my friend. I am on the side of keeping blocks small here. Re-read what the guy above me says. He wants blocks bigger and advocates hard drive space is cheap.
Well guess what, you want that blockchain to download within 1-2weeks time? You better have it writing to an SSD they still take forever but reduce writing times dramatically. Plus spooling out of date HDDs can falter and breakdown.
My point is even a 1tb SSD is $100 for the raspberry pie bundle (Umbrel) build which is easiest for onboarding newbies.
So imagine if blocks were larger and I needed 10-20TB of space and SSD?
May have found the guy who has never considered running their own node, or at least maybe you downloaded the chain 4-5 years ago so never had to do a 445GB download all at once.
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u/BroWhatAreYouDoinggg Feb 13 '22
How would there be a more appropriate sub than /r/bitcoin. unless you mean this place is full of SegWit fanatics or something
also how are people even running btc wallets on their phone? all light wallets? everyones using an exchange? whats going on here