@andhans
Nothing here yet.
Nothing here yet.
No blogs yet.
I meant simpler, if ppl would just use SPV, and only miners, merchants, exchanges etc would run FVN. Example: if someone hides invalid transaction in a valid block. It can’t be the main chain and would not be accepted by FVN. I wanted you to describe why SPV are not sufficient for majority and what the impacts would be
Bandwidth and CPU time has historically improved on average approx. 17% per year. Since block size wasn't reduced, and in fact was increased, we have a LOT of catch-up to do if we ever want Bitcoin to be safely decentralised again. Do u think we need to reduce block size to keep bitcoin safe ? I mean at least 80% of economic activity should be verified (users verify own incoming tx), anything less means there is a real risk an invalid chain will prevail over a valid one. Any block size larger than 300k increases the cost FASTER than technology becomes cheaper. Do you agree?
We all need to run full validating nodes, no working implementation of spv, not able to prove a block is invalid and even if, not sufficient bc of valid-but-unknown blocks. Could you go into detail why blowback would be huge and it’s likely the community would just decide to tolerate a invalid block and try to ‘patch up’ the ill effects reactively ? Thank you.