Tag Archives: economics

Bitcoin: Data Cost

Somehow my blkindex.dat file became corrupt the other day so I got a little nervous as I remember that one .dat file contained all my bitcoins – within a split second I realized this is the wallet.dat file so I quickly backed it up again for added piece of mind. While in the bitcoin data directory I noticed the size of the blkindex.dat file was over 1 gigabyte! And then the blk0001.dat was 2GB, blk0002.dat was another GB! Let’s not forget about debug.log – another gigabyte. Over 5GB to be able to use the currency? And how many people are using the currency? A lot. This is a problem that is inherently created due to the nature of the currency. But what are some possible solutions? Continue reading Bitcoin: Data Cost