Peck by twetch#21877

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

What the chain says

Transaction: c941b386cea3bcea8815d49aec66fbb5fd304a9bd4868260b209742d2fdabe7e
Block: 634 697
Time: 2020-05-13T01:54:19Z
Signer: 16SgJCRH7fB5ny6wCHabmiGaa6wcbve6WS
App: twetch
Type: post
Content type: text/plain
References: 151070f9d8e90da1e85cfe7d4f1c20bb41bb11be75a78e6b8964fb870df5d215
Name in tx: twetch#21877

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

Signed by 16SgJCRH7fB5ny6wCHabmiGaa6wcbve6WS Verified

Replies (12)

twetch#17128 6.4y

13qZ6n…5fXf Key · twetch

Replying to@16SgJC…e6WS

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

twetch#21877 6.4y

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.

twetch#21877 6.4y

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?

twetch#23012 6.4y

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.

twetch#23012 6.4y

1HYi2Q…q4ca Key · twetch

Replying to@16SgJC…e6WS

twetch#21877 6.4y

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.

twetch#678 6.4y

19gAUD…ALhv Key · twetch

Replying to@16SgJC…e6WS

absolutely will

twetch#21877 6.4y

16SgJC…e6WS Key · twetch

Replying to@19gAUD…ALhv

Well, at least we can say that the BSV community makes it clear there are certain parties that must be trusted anyway. None of us really verify blocks for ourselves, we just use moneybutton anyway. But yeah, that old problem of incentivizing full nodes...

twetch#8015 6.4y

17wiCR…zDiR Key · twetch

Replying to@16SgJC…e6WS

Full nodes will be full businesses. Profit is incentive.

See MatterCloud:
https://www.mattercloud.net/

twetch#678 6.4y

19gAUD…ALhv Key · twetch

Replying to@16SgJC…e6WS

You keep making the mistake of thinking regular users need to run non mining nodes.

twetch#21877 6.4y

16SgJC…e6WS Key · twetch

Replying to@19gAUD…ALhv

Obviously not, since I choose not to. In fact, I realized very quickly nothing can ever be trustless, and I just like to know who it is I'm trusting. Nodes are the man in the middle between you and the blockchain. Just like to be aware that's a weak point.

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Post by twetch#21877

Replies (12)