01-04-2018, 07:35 PM
some general thoughts
my previous concerns about bitcoin have manifested. transaction confirmation time, transaction fees, and blockchain bloat are all very real things that is hindering BTC. there have been some forks to address these concerns, but most of these `fixes` are basically kicking the can down the road. these issues will return. need some sort of slicing algorithm to create master checkpoints in a blockchain that contain enough info from which to start as a new chunk. this way BTC's blockchain for instance wouldn't grow to 200 GB and then 300 GB but could stay at a manageable 1-5 GB. not sure of the baseline requirements to keep track of all address contents.
this is also starting to affect ethereum. much the same way BTC's blockchain was severely bloated by dice bots, ETH's chain is now severely bloated with cryptokitties. https://medium.com/eidoo/cryptokitties-w...b219fd0fe0 “Right now about 15% of all Ethereum network traffic is dedicated to the game, making it the most popular smart contract on the network.” this will keep going up and up. that was one of my thoughts when i read the whitepaper at prerelease for ETH. [yes i realize at this point i missed another shitload of profit there.] the idea of adding in all sorts of things to the blockchain in theory is cool, but in reality creates issues.
enjin coin is something to keep an eye on. it's a gaming network coin that wouldn't suffer any bloat from a cryptokitties type thing. there will be some form of crypto that invades the twitch streaming/youtube streaming/similar eventually. the only question is which.
my previous concerns about bitcoin have manifested. transaction confirmation time, transaction fees, and blockchain bloat are all very real things that is hindering BTC. there have been some forks to address these concerns, but most of these `fixes` are basically kicking the can down the road. these issues will return. need some sort of slicing algorithm to create master checkpoints in a blockchain that contain enough info from which to start as a new chunk. this way BTC's blockchain for instance wouldn't grow to 200 GB and then 300 GB but could stay at a manageable 1-5 GB. not sure of the baseline requirements to keep track of all address contents.
this is also starting to affect ethereum. much the same way BTC's blockchain was severely bloated by dice bots, ETH's chain is now severely bloated with cryptokitties. https://medium.com/eidoo/cryptokitties-w...b219fd0fe0 “Right now about 15% of all Ethereum network traffic is dedicated to the game, making it the most popular smart contract on the network.” this will keep going up and up. that was one of my thoughts when i read the whitepaper at prerelease for ETH. [yes i realize at this point i missed another shitload of profit there.] the idea of adding in all sorts of things to the blockchain in theory is cool, but in reality creates issues.
enjin coin is something to keep an eye on. it's a gaming network coin that wouldn't suffer any bloat from a cryptokitties type thing. there will be some form of crypto that invades the twitch streaming/youtube streaming/similar eventually. the only question is which.
