Post by twetch#17128

16SgJC…e6WS Key · twetch

Genuine question of my own: won't huge blocks disincentavize running full nodes? Won't verifying blocks become super expensive?

twetch#678 6.4y

so a 300 mb block nets u ~0.8 bsv ($144)

a 1.2 mb btc block nets you ~0.25 btc ($2500)

Who in their right mind will mine bsv? Genuine question

13qZ6n…5fXf Key · twetch

Correct. Only truly dedicated hobbyists and companies will run them.

What the chain says
Block
634 708
Time
2020-05-13T04:54:26Z
Signer
13qZ6nzjcTQ8nCeYFcZUwkAH6n1od35fXf
App
twetch
Type
post
Content type
text/plain
Name in tx
twetch#17128

Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.

Signed by 13qZ6nzjcTQ8nCeYFcZUwkAH6n1od35fXf Verified

Replies (5)

16SgJC…e6WS Key · twetch
Replying to@13qZ6n…5fXf

That was always one of my biggest concerns about bitcoin from day 1. On the other hand, I always knew the decentralization that matters most would be the free market of many different cryptocoins to choose from.

16SgJC…e6WS Key · twetch
Replying to@16SgJC…e6WS

I mean, not to be rude, but isn't it more realistic to say that the only financial incentive to run full nodes will be to launch a Sybil attack?

1HYi2Q…q4ca Key · twetch
Replying to@16SgJC…e6WS

That, and different coins can have different use cases and you can exchange between them so easily. You don't need one network for everything. BTC is fine as a secure digital gold. That trust in itself enables other use cases on other chains.

1HYi2Q…q4ca Key · twetch
Replying to@16SgJC…e6WS

That, and different coins can have different use cases and you can exchange between them so easily. You don't need one network for everything. BTC is fine as a secure digital gold. That trust in itself enables other use cases on other chains.

16SgJC…e6WS Key · twetch
Replying to@1HYi2Q…q4ca

Indeed. In fact each chain can host on type of info and one currency used for that information, which is sorta how I thought things would play out back in 2010 before ethereum, when namecoin was the thing.

Still makes me sad how namecoin failed.