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Yeah nobody downloads the whole blockchain lmao, 2012 called and wants its argument back
by ringaroundthetx 9y ago
Yeah nobody downloads the whole blockchain lmao, 2012 called and wants its argument back
- Joeboy 9y agoWell I tend to assume people are using bitcoin in a decentralized fashion because that was its entire raison d'etre, but it's true that at this point that seems to have fallen by the wayside.
- bglusman 9y agoDepending on what you mean by "in a decentralized fashion" the two aren't mutually exclusive. Many bitcoin clients, like Electrum, are distributed, non-centralized, but rely on the existence of SOME copies of the entire blockchain somewhere, but only verify back a fixed configurable number of blocks themselves when sending and receiving money. I suppose there's a minor degree of "trust" involved there, but I think the number of full nodes talked to is probably also configurable, so it would be pretty hard to fool the client, I think equally hard or harder than other kinds of double spend attacks.