Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Thats right.
Just introduce 10GB blocks and call it a night. Problem solved.
Just introduce 10GB blocks and call it a night. Problem solved.
Let's just hope people who can actually run a node don't get the bright idea to charge subscription fees to let your SPV wallet connect to them.
This is inevitable. It cost time and money to run a node which serves headers and Merke-branch proofs to SPV clients. Eventually, businesses will charge for this service, perhaps using payment channels. I'd suspect the cost would be well under $1 per month, as it would be a high-competition / low-margin type business.
An income stream for non-mining nodes would be a positive development, as it means we're not relying on altruism. Do you disagree?
I thought this was supposed to be P2P trustless electronic cash. Not connect to some hub and pay additional fees. However, Mr Wright seems to think that if I run a node, and not mining, that I'm just a fat wallet wasting network resources. Such plebs as us should just connect via SPV and pay fees. Wow, Mr Wright, that's really going to help the unbanked of Africa.
I'd expect there will always be some form or "free service" available (both for Merkle-branch proofs and for transaction confirmations). But I suspect timely-confirmations will cost around a penny and that timely SPV proofs will cost several-orders of magnitudes less.