Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
Without a blocksize you pretty much leave the nodes to the mercy of miners.
can you elaborate on that?
i guess you mean bandwith/storage costs for users?
satoshis vision was that most users will use spv clients. anybody who wants more security can get a root-server / bigger vps and host a node+spv-server and use a spv-client at home.
or did i misunderstood you?
I don't care about Satoshi's vision to be quite honest. I am very, very tired to hear these arguments to authority.
This is not about every user needing to run a node but making sure that they can if they wish to.
By removing the block size or increasing it too rapidly we risk losing increasing the barriers to entry so much that only datacenters of huge corporations will care about running nodes. Again, if that was Satoshi's vision, I disagree because it has clear costs for decentralization.
ok right; i dont like authority also but i do respect the vision of satoshi because this vision was the reason why i joined - if i didnt share his vision i wouldnt be here.
but i think at standard home lines bitcoin is a bad idea. it even puts a burden on the network with just 8 possible connections. its a little bit parasitic: its nice that it works now.
a root server is not that expensive. if you want to have a little bit more security i dont see a problem to spend 50 (thats what i pay atm for a rootserver which could handle WAY bigger blocks as we have now) for a fullnode.
I'm not sure what you mean by root server? A VPN/hosted server?
I'm sorry but while that might be useful it doesn't help with decentralization
yes a hosted server.
nodes are not that important. they just relay blocks and transactions and provide connectivity. i dont see a huge impact if there arent that much.
anyhow.. its late not... have to go to sleep...
Come on now... if you really believe that might as well use Paypal..
So you'd be alright if Google, Microsoft, hell the NSA ran the few nodes behind the Bitcoin network?