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Maybe it's a good time to remind that Bitcoin is not Ethereum. Bitcoin has always focused on maximizing decentralization. This debate goes back to blocksize war
by Geee 5y ago
Maybe it's a good time to remind that Bitcoin is not Ethereum. Bitcoin has always focused on maximizing decentralization. This debate goes back to blocksize war in 2015-2017, when small blocks and decentralization won over big blocks and increased throughput. The idea is simple; the network is more decentralized, when more people can reasonably run a full node on their own home computer. It is possible to run a full Bitcoin node on a typical laptop or desktop PC, or a dedicated Raspberry Pi with external 1 TB hard drive. It doesn't mean that everyone has to run their own node; it's enough that it is possible.
For Ethereum and most other altcoins, it's not possible to run a full node on a home computer. That's why most of the nodes are run by companies such as Infura.
This is also the root of the argument why many bitcoiners think that most altcoins such as Ethereum are scams. Like the article suggests, they're promoted and sold as decentralized but in reality are quite far from it.
- thebean11 5y ago> For Ethereum and most other altcoins, it's not possible to run a full node on a home computer. You can run an Ethereum node on a Raspberry Pi with a 1TB USB hard drive, what are you talking about?
- sergiosgc 5y ago> For Ethereum and most other altcoins, it's not possible to run a full node on a home computer. That's why most of the nodes are run by companies such as Infura. I have never tried to run a full node, but from what I read, the specs for a full node are nowhere near the realm of impossible: https://www.reddit.com/r/ethereum/comments/jv8ovb/what_are_the_minimum_specifications_to_run_an/gcit6rc/?utm_source=reddit&utm_medium=web2x&context=3 https://www.reddit.com/r/ethereum/comments/jv8ovb/what_are_t... 1TB SSD, 16GB RAM, an i5 is pretty run-of-the-mill.
- davidgerard 5y agoBitcoin mining centralised by 2014, when GHash hit 51% and promptly spit into smaller pools so as not to frighten the suckers. In 2015, the guys controlling 80% of mining pools stood on the same stage together. It's important to distinguish "decentralised" as in "can't sue me bro" from "decentralised" as in actual operational terms. Bitcoin contains tremendous operational centralisation at all levels.