Quote from: n0nce on April 10, 2022, 03:51:50 PM

Quote from: ETFbitcoin on April 10, 2022, 11:34:01 AM

I agree, although IMO a week for sync is long enough to discourage few people even if they don't need it up quickly.

Why that hurry, though? I am confident if there was a strong demand for faster IBD, we would have many more people working on and campaigning for stuff like checkpoints on the blockchain.

Some people simply not patient. Idea for faster IBD such as UTXO commitment already suggested several times, but receive little support/interest.

Quote from: n0nce on April 10, 2022, 03:51:50 PM

Quote from: ETFbitcoin on April 10, 2022, 11:34:01 AM

That makes sense, but there are few use cases where you need to use remote/centralized server. For example, small business or non-profit organization who run BTCPayServer.

Correct, yes. In that case, the node may be required to run the payment server on top of it, but those nodes shouldn't be considered part of the 'secure, reliable backbone' of the network, in my opinion.

It's not like we can tell a node is part of the "secure, reliable backbone" unless they use popular VPS which it's IP range is known without VPN or Tor.

Quote from: AnotherAlt on Today at 07:16:15 AM

Why do you think I should run a Bitcoin core wallet while there are many wallet/exchanges like Binance and Coinbase? I know it's essential if you hold a bunch of Bitcoin. But, I have such a tiny amount of Bitcoin (below $1K). I think I can hold them on Binance and stake it to accumulate more satoshi.

TLDR, better privacy and you actually have control over your Bitcoin. Although you can use SPV non-custodial (with Tor/VPN) such as Electrum to receive similar benefit.

Quote from: AnotherAlt on Today at 07:16:15 AM

I have a Ryzen 3 3200G CPU+ 16GB Ram + 2TB HDD PC. Can I install the full node in this setup?

Yes.