[williamcotton]

I've been doing some analysis of the bitcoin blockchain and there are only around 17,400 transactions that take up a total of 16 MB in transactions and 550KB of OP_RETURN data. Some protocols use OP_CHECKMULTISIG, OP_CHECKSIG and other methods so this doesn't account for everything.

However, the vast majority of bitcoin blockchain "bloat" is from standard bitcoin transactions.

Financial and accounting data has always contained more than just integer values of credit and debit. Who, how, when and why are just as important to good bookkeeping as to what was transacted.

Blockstore, by creating transferable digital property in the form of a key/value store, creates an economic incentive to use Bitcoin. Right now, Bitcoin needs all the help it can get. Consumer adoption will not happen if Bitcoin is just trying to be a public ledger of integer values that attempts to compete with MasterCard and Western Union.