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There's also a good criticism of BCH here: https://medium.com/@homakov/weekly-sync-friction-the-most-important-blockchain-security-metric-1042c0c172b7 https://m
by hackermailman 9y ago
There's also a good criticism of BCH here: https://medium.com/@homakov/weekly-sync-friction-the-most-important-blockchain-security-metric-1042c0c172b7 https://medium.com/@homakov/weekly-sync-friction-the-most-im...
Basically it will be too much bandwidth for most users to bother running their own core, meaning increased centralization for BCH and easy way to kill it in the future through some government action or bug.
- namelost 9y agoThe thesis of the article is that if bandwidth requirements are too high, then people will stop running full node wallets on their laptops, thus reducing the number of full nodes in the network. In reality, you would have to be insane to store bitcoins with a C++ program permanently connected to and broadcasting your IP address to a p2p network. Now, it may be that many bitcoin nodes are run by insane people who do exactly that, but if the foundation of Bitcoin's security is that its users have no understanding of computer security, then the whole thing is doomed to failure anyway.
- zeep 9y agoI used to do that (I guess I'm a bit crazy).... since then I changed the mac address on my router to get a new IP, encrypted my wallet and deleted plain text wallets...
- ric2b 9y agoObviously you don't store coins in a publicly accessible node, I don't know where you got that idea. You run the node and connect your light wallet to it, so that you don't need to trust someone else's node to tell you what is going on. I run mine on an old netbook. Some people might store their private keys on the nodes themselves, they shouldn't.