3 ms·
Depends on who you ask, during 2010 - 2012 so many people were enthusiastic about running their own bitcoind node. Every other day I see a new reddit post of a
by noipv4 5y ago
Depends on who you ask, during 2010 - 2012 so many people were enthusiastic about running their own bitcoind node.
Every other day I see a new reddit post of a cute little node running on a rPI with an external SSD and a tiny e-ink display.
- noipv4 5y agoAlso people in countries facing hyperinflation or corrupt banking system (Venezuela, Zimbabwe, Argentina, Turkey, Lebanon etc ) might be forced to run their own crypto piggy banking infrastructure, as inconvenient it might be.
- dmitriid 5y ago> Also people in countries facing hyperinflation ... might be forced to use the currency that is as volatile as their own? Why?
- cedilla 5y ago...or they just do what was always historically done and use a neighbour's stable currency, or simply USD or EUR. Switching from an inflationary currency to a stable one is already tough, switching to a volatile deflationary currency would be a nightmare.
- noipv4 5y agothe problem is when shtf, USD and EUR are the first to be controlled by the government and banks.
- cedilla 5y agoWell, I can understand being enthusiastic about storing a 2-4GB blockchain, but today we're already at 390GB, growing by about 60 GB a year. And that's just bitcoin, Ethereum is another 350 GB (up 100 GB last year). Just the cost of hardware, download and energy makes this prohibitively expensive for "banking the unbanked" at least.