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Is Bitcoin A Good File Storage Solution?

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First published at 14:29 UTC on April 22nd, 2024.

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In this video, I discuss whether the Bitcoin blockchain is a good file storage solution. I conclude that it is not.

The blockchain has always been kept as small as pos…

Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum

In this video, I discuss whether the Bitcoin blockchain is a good file storage solution. I conclude that it is not.

The blockchain has always been kept as small as possible by design. An examination of Bitcoin's history shows that Bitcoin culture has always sought to minimize the usage of the blockchain for non-monetary purposes. Rather than being political censorship, this has always been a practical concern and imposed by Bitcoiners themselves, not by hostile governments.

Don't let grifting crypto VCs tell you otherwise, even if their organization has "Bitcoin" in the name.

Not investment advice! Consult a financial advisor.

OP_RETURN and data in the block chain:
https://bitcoin.org/en/release/v0.9.0#opreturn-and-data-in-the-block-chain

An example of an OP_RETURN message:
https://mempool.space/tx/09936a2b96c103f9314cbc031958c1b04196edfa2be9758e5cf5804a871cf1a3

SHA-256 hash calculator:
https://xorbin.com/tools/sha256-hash-calculator

Ordinals/inscriptions/runes making newcomers hate Bitcoin:
https://twitter.com/francispouliot_/status/1781660836198576362/photo/2

People inscribing garbage on the blockchain:
https://ordiscan.com/inscription/70307291

Bitcoin whitepaper:
https://bitcoin.org/bitcoin.pdf

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#crypto

Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University o..

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