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Majority of participants in the network. I run a full node, I don't mine, but my voice counts. Of course I don't like the weight of huge mining farms, and I hop
by weddpros 9y ago
Majority of participants in the network. I run a full node, I don't mine, but my voice counts. Of course I don't like the weight of huge mining farms, and I hope there will be viable alternatives to proof of work, to make BTC more democratic.
In the meantime, not a single country controls BTC, and even heavy weight miners can't decide unilaterally...
- EliRivers 9y agoIs it the majority of nodes, then? If I run ten nodes and you run one, I get ten times as many votes as you?
- 130434089 9y agoOnly miners really matter, if you only have a full node you don't have control over the network, just the ability to verify it. You will have to follow wherever the miners lead you.
- weddpros 9y agoThe following is just my understanding, correct me if I'm wrong: People don't connect directly to miners. They connect to nodes (8000+) which forward to miners. Nodes can declare an order is valid or invalid and they can blacklist bad-behaving miners. They can refuse nodes/miners that signal a change they don't agree with. So I think full nodes are VERY important in the network and their voice counts. That's why I'm running one.