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I like how you easily you dismiss any counterpoints or examples. Even with full 100MB blocks you're only looking at ~5TB of storage for a whole year. This is e
by lawn 8y ago
I like how you easily you dismiss any counterpoints or examples.
Even with full 100MB blocks you're only looking at ~5TB of storage for a whole year. This is easily attainable for many people, including myself, today. The point isn't to have everyone run full nodes you know, some trust is acceptable.
The fact is cryptocurrencies work very well as a payment system today.
> then I question why you would bet your money at a place where you can't trust the odds
Obviously here you wouldn't need to trust the odds as they are verifiable.
> I don't know why anybody would want that. If you don't control who votes, you end up with rigged votes.
You can have a voting scheme where you give out unique votes, centrally, which you can then yourself without trust verify that your vote is correctly counted. Why anyone would want that should be clear.
> you mean immutable: nobody sane wants that
Many people would want that. There are of course drawbacks.
You can also store hashes of content which you can store elsewhere which you can verify. Like many torrent sites work.
- foepys 8y agoMy mother will be very pleased to hear that she needs to buy terabytes of disks every year instead of using her credit card. Very user friendly. You missed the point about gambling. Please re-read what I said about the odds. You need to trust the service anyways to input the correct result. Voting requires anonymity. By giving out unique votes, you jeopardized this. Storing content elsewhere doesn't require a blockchain because it doesn't guarantee that it will still be there. Thus it's not censorship resistant.
- omarchowdhury 8y agoWhy exactly does your mother need to run a full node? You imply incorrectly that to perform a Bitcoin transaction, one needs to have run a full node.
- foepys 8y agoBecause if you don't run a full node you need trust and if you need trust, you can simply use a credit card. This whole crypto currency thing is so stupid because nobody can answer me these very basic questions.
- omarchowdhury 8y agoYou could also do some basic research. https://en.bitcoin.it/wiki/Thin_Client_Security https://en.bitcoin.it/wiki/Thin_Client_Security
- lawn 8y agoYou really don't need to run a full node, that's just decentralization fetishism. Decentralization is just a means to an end: permissionless p2p digital payments. You don't need to personally run a full node for that.