More from my site
- Even with 11,000 full (secure) nodes, Zencash was 51% attacked for a mere $20,000 worth of hashrate last week. Just goes to show that full nodes don’t secure the network, miners do.
- Reina Nakamoto: In the Bitcoin Whitepaper a node means a specific thing: It’s a mining node. Aka in the Whitepaper, all nodes mined. There was no concept of what BTC community describes as their "validating full nodes (that don’t mine)". In WP: There were just mining nodes and SPV wallets.
- 0-conf together with SPV is the secret power which makes the original Bitcoin model so revolutionary. The BCore model which requires sidechains and people running their own full "verifying" nodes… on their toasters completely misses the genius of the old model.
- Cognitive dissonance amongst BTC supporters: “We should not raise block limit from 1 MB cause people in third worlds can’t afford to run a full node.” and “Bitcoin is also not for people who make less than $2/day.”
- [showerthought] By the time the LN will be ready the average home user will be able to run a full node to verify his own tx’s on 1GB blocks.
- If Core thinks 1,000,000,000 users in the world should run a full node taking up 150,000MB on a desktop with broadband access instead of using simple tiny thin clients connected to 10,000 specialized service nodes they should seriously reconsider the viability of their model.