4) As it stands today, about 20% of the connection slots on my well-connected full node are taken up by SPV clients. pic.twitter.com/umtN2T3e1i
3) Without a high number of reachable full nodes, SPV clients will stop working due to connection exhaustion on the few remaining full nodes
2) Aside from the common counterargument that SPV security isn’t perfected (full nodes can lie by omission) and SPV privacy is a joke…
1) Some claim that it’s fine for only miners / large enterprises to run expensive full nodes because the rest of us can use SPV clients.
Considering submitting BIP to switch Bitcoin to a Proof of Whine mechanism. Whine seems to be exceeding work lately; it may be more secure.
@saifedean @VinnyLingham My recommendation: https://t.co/O4VYWfWiVp
One more reason to avoid registering Internet-connected devices under your true identity. https://t.co/929LzGKOMo
@angela_walch @iang_fc This issue is near & dear to my heart; I was a TA for a computer ethics course in college. T… https://t.co/M1tA9k6NnA
@TaylorGerring Time will tell!
From one perspective it could be appropriate to call Bitcoin @ButtCoin given that many shitcoins emerged from it. ðŸpic.twitter.com/TBAovQkwmPwmP
@BlockInTheChain @joonasilm I had same reaction, though trying to change from ungoverned Core to formalized governa… https://t.co/36QBiy6sYK
@BlockInTheChain @joonasilm One person’s attack on Bitcoin is another person’s defense of Bitcoin. 🙃
@TaylorGerring Much more likely that new proposals are ignored but sure, there is a high bar for changes. Some see… https://t.co/RtUq5HGxV3
@Awyee707 Because some full nodes are used by hundreds of thousands of people (large enterprises) while others only serve a single user.
@Awyee707 Not all nodes have same economic weight. I manage BitGo’s fleet of nodes and can assure you we have made significant investments.
@Awyee707 Because nodes are the entities that decide whether or not to pay miners.
@TaylorGerring Of course not; the Borg have a leader. https://t.co/PQXjfQLP58
Try to improve Bitcoin w/consensus: get rewarded w/more valuable BTC.
Try to improve it w/o consensus: get penalized w/a damaged reputation.
Traditional thinking leads people to assume Bitcoin Core is an entity with which they can negotiate / compromise. This leads to frustration.