Now we understand why full-nodes are as important as hash rate - page 2.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: mindrust on July 22, 2017, 06:19:52 AM

Quote from: ?? on ??

If you want to see bitcoin network handle more transaction, i think bitcoiner should forget use Raspberry PI or any mini-PC with slow CPU/small RAM.
Running full nodes don't have to expensive, but use Raspberry PI won't be practical in few years.

You don't have to use Raspberry's. It just shows us how cheap it can be.

I recently tried to run my UASF node and succeeded it but I needed to set up an external battery for my pi to protect it against power cuts/database corruptions and that was a lot of work so I let my 5 year old netbook handle the job.

Have you ever heard about BCM = business continuity management ?

You see, no one will ever route a Billion$ Business through some waky shaky nodes. Forget it..

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: ?? on ??

If you want to see bitcoin network handle more transaction, i think bitcoiner should forget use Raspberry PI or any mini-PC with slow CPU/small RAM.
Running full nodes don't have to expensive, but use Raspberry PI won't be practical in few years.

You don't have to use Raspberry's. It just shows us how cheap it can be.

I recently tried to run my UASF node and succeeded it but I needed to set up an external battery for my pi to protect it against power cuts/database corruptions and that was a lot of work so I let my 5 year old netbook handle the job. It is probably as worthless as a Rpi3 now. Cool

Quote from: hv_ on July 22, 2017, 06:17:36 AM

The true Satoshi vision is also that the early adopters and investors become the new elite.

What are e.g. miners?

Rekt.

Any real arguments? If not, back to my ignore list.

***Wait wait! Call fyookball before you leave. I'd like to hear his ideas about satoshi's tr00 vision.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: mindrust on July 22, 2017, 06:10:09 AM

Quote from: hv_ on July 22, 2017, 06:02:37 AM

So cool. So the scaling is done on those Rasp PIs then?

How this will play out? Say your Pi will do up to 4MB equivalent block size,good.

What is in these blocks insome years? Only high fee tx, big size settlements, none of yours.

So the scaling nodes have to be 2nd layer nodes for 20k$ each and they do the big business?

Will they route through your Pi?

Say bye to your Pi... or stay nichy alt.

By your logic (and Craig W.), Cheap can't be legit.

Cheap can be legit. In fact it is the only way to be legit. Expensive means it can be purchased by the elites only. Miners are expensive. Their distribution/stocks are limited and only a few can get their hands on.

Nodes are cheap, available to everybody.

And that's not going to change. This community lost the ability to mine to the big companies and I am very angry at the devs who let this happen. But full-nodes will stay with the people.

Here is a "satoshi's true vision" for you.

The true Satoshi vision is also that the early adopters and investors become the new elite.

What are e.g. miners?

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: hv_ on July 22, 2017, 06:02:37 AM

So cool. So the scaling is done on those Rasp PIs then?

How this will play out? Say your Pi will do up to 4MB equivalent block size,good.

What is in these blocks insome years? Only high fee tx, big size settlements, none of yours.

So the scaling nodes have to be 2nd layer nodes for 20k$ each and they do the big business?

Will they route through your Pi?

Say bye to your Pi... or stay nichy alt.

By your logic (and Craig W.), Cheap can't be legit.

Cheap can be legit. In fact it is the only way to be legit. Expensive means it can be purchased by the elites only. Miners are expensive. Their distribution/stocks are limited and only a few can get their hands on.

Nodes are cheap, available to everybody.

And that's not going to change. This community lost the ability to mine to the big companies and I am very angry at the devs who let this happen. But full-nodes will stay with the people.

Here is a "satoshi's true vision" for you.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

So cool. So the scaling is done on those Rasp PIs then?

How this will play out? Say your Pi will do up to 4MB equivalent block size,good.

What is in these blocks insome years? Only high fee tx, big size settlements, none of yours.

So the scaling nodes have to be 2nd layer nodes for 20k$ each and they do the big business?

Will they route through your Pi?

Say bye to your Pi... or stay nichy alt.

mindrust

legendary

Activity: 3276

Merit: 2442

If anyone had any suspicions (like me) about the power of the full validating nodes before, I think it should be clear now.

Full Node Power = Hash Power

That's why we need to stay with small blocks and don't let miners to take this power from the users. They already have the power of hash rate. They produce/manufacture their own hardware, and whether they choose to sell them or mine with that hardware themselves depending on the price/profitability. That's a huge power to start with. That's the power of market manipulation.

And on the top of that, they have the power to vote with their hash rate but it is not as powerful as they wanted it to be.

As the recent events showed us, hash power without the support of full validating nodes don't mean shit.

Long story short; If you want to have a say in the bitcoin's future you don't have to buy miners (you can but you don't have to), run your own full-node and remember, if they increase the block size, you won't be able to run one without spending 20k$ while you can do it with a RPi3 now.

Topic: Now we understand why full-nodes are as important as hash rate - page 2. (Read 1552 times)