🔴Will Blockchains Become Deserted Repositories of Ancient Garbage?

🔻If we remain unconcerned, most public blockchains will be destined to become deserted repositories of ancient garbage. Blockchains will suffer one of two dismal fates: either nodes become practically impossible to run long term, or node operators will discard data, weakening immutability promises.
Using blockchains for storing arbitrary data is destructive because node operators are the ones bearing the costs of data being added to the chain. If transactions impose a significant cost relative to their contribution to the security of the blockchain, they are a net negative. Levying an ongoing tax on storage, as the state rent proposal aims to do for Ethereum, is another potential solution to the problem.

#blockchain
#transactions
#bitcoin
#counoscoin
#taxes