4 ms·
nah, as long as it's still easy for an individual to run a node and store the entire blockchain on their own it's miles ahead of anyone else
by taolegal 4y ago
nah, as long as it's still easy for an individual to run a node and store the entire blockchain on their own it's miles ahead of anyone else
- eterps 4y agohttps://mobile.twitter.com/ercwl/status/1555719147941683200 https://mobile.twitter.com/ercwl/status/1555719147941683200
- taolegal 4y agoMaking blocks is much different than accepting blocks. Blocks have to be verified & accepted by peers aside from getting over the hurdle of POW. He complains about BTC arguing that the ability to “make a block” is the true basis of decentralization. But it’s the ability to verify & reject blocks that’s important. And anyone can maintain their own BTC blockchain from the beginning of time relatively easily (less than $500). Trustless is the way.
- eterps 4y ago> But it’s the ability to verify & reject blocks that’s important. And anyone can maintain their own BTC blockchain from the beginning of time relatively easily (less than $500). And on Ethereum you can't?
- taolegal 4y agoYou can't host the actual entire ethereum blockchain from the beginning of time for less than $500 on your own hardware.
- eterps 4y agoI wasn't aware of that, do you happen to know the actual cost?
- taolegal 4y agoapparently it cost roughly $10k/year for an archive node back in 2020: https://tjayrush.medium.com/building-your-own-ethereum-archive-node-72c014affc09 https://tjayrush.medium.com/building-your-own-ethereum-archi... the point is that bitcoin has intentionally restricted block size to not expand the blockchain size at a prohibitive rate
- eterps 4y agoThanks, that is good to know. I was always under the impression that a Raspberry Pi would suffice: https://mobile.twitter.com/mathMakesArt/status/1562159337900052483 https://mobile.twitter.com/mathMakesArt/status/1562159337900...