Block 1206356 contains 10 transactions in 31655 bytes. That's 3165.5 bytes per transaction (there's different ratio in each block and I'm not sure about the mean. With CT the ratio will change, I suppose). 50GB per block are about 17 million transactions per block (510 million transactions per hour). At that rate a single 4TB HDD could store less then 3 hours of blocks. We can't keep that rate at decentralized manner currently.

You misspelled "India."   



Bitcoin is the multi-platinum chart-topping #1 smash hit of e-cash.

Monero is the exclusive white label dubplate 'Maximum Extropy' remix that is only popular in underground circles.

Regardless, all the "Bluh Bluh Bitcoin is dying BECAUSE MUH CRIPPLED 1MB FRAPPUCCINO" nonsense here is out of hand.

Don't the r/btc guys ever get tired of writing comically overwrought and inaccurate, factually challenged obituaries for Honey Badger?

Don't they ever get tired of looking silly and ridiculous as Honey Badger just keeps on doing whatever he wants (including breaking through $800 like a wet paper bag)?

Hmm...  India has negligible BTC volume yet, so one would expect China to beat them to it.  That said, I don't disagree they are in need of a way out of their cash notes being abolished with 4 hours notice.

As for BTC - I haven't said it is crippled, I hodl it too.   I think BTC has not handled 'scaling' well thus far - but I am not forecasting its demise.

Merry Christmas Icebreaker

I don't see XMR as a legitimate challenger to BTC, XMR is for those who want to take one specific feature of bitcoin (anonymity) and take it a step further

Original image byu/hyarmaite on Reddit. 

Sometimes I can't just restrain myself with these uneducated trolls that just spout complete lies.

Besides haven't seen red in awhile!

I do not believe anyone has claimed a sure thing. These are all experiments.

Another chart for Kurious.
This shows the price for BTC (dark line) and XMR (light line) between Nov 23 to Dec 22 on two hour interval - the data is from BTCWisdom and I have overlayed the prices to demonstrate my point.

And my point is that while on a day to day basis XMR is responding to BTC movements, over the longer term it is actually holding its value pretty well and far better than any other alts (although I'm open to correction).

Ha!  Thanks....  Good to see it!  

I am watching of course - and also keeping an eye on the USD price, which is holding up well.   The urge to be in BTC ought to be strong, but not as much as I feared. In USD terms we are about where we were a week or so ago.

What will be interesting will be what happens from here. The BTC run is finally here so; it either keeps going up, sits at a new level, or comes back down.  People will take BTC profits, diversify from BTC somewhat, or bale out a little.  

Some of this money will come to XMR.  It will be the slingshot some have already mentioned.

Also with a market frenzy, at some point investors will be looking for other 'contenders' for this kind of appreciation beyond BTC and it may also draw new money into crypto generally...

As long as we hold value as well as we seem to be so far, we are well placed.

All the festive best, Nano