4 ms·

Just 8000 bitcoin nodes? So much for the People's Distributed Currency.

by sliverstorm 13y ago

pmorici 13y ago
Those are probably 'full nodes' to participate in the network as a miner or casual user you don't need to run a full node.
- sliverstorm 13y ago
  Yeah, but if there are just 8,000 nodes, suddenly it seems like it wouldn't be all that hard to hijack the network. It's possible I misunderstand, and overestimate the value of full nodes.
  - VMG 13y ago
    You're basically right though, there are regular calls on /r/bitcoin for people to run a full node because the number has gone down recently. I decided set one up on my dedicated host due to one of these.
    - lifeisstillgood 13y ago
      Interesting - I have been meaning to look into how the blockchain works (I missed the get-rich-quick rush and dismissed it all until heard Andreessen explain the reasons) Anyway - what does being a full node entail?
      - jnbiche 13y ago
        Simply run bitcoin-qt or bitcoind all the time and make sure that you have port 8333 open to the outside world (if you have a router, this usually means forwarding 8333). It takes a few hours to a half day for the node to catch up, depending on your bandwidth and CPU, but after that it requires relatively little processing time. But you do need ~20 GB of free hard drive space for the blockchain.
  - thelamest 13y ago
    Non-mining nodes just hold and relay validated blocks, they don't do anything that can be hijacked.
    - servowire 13y ago
      Full nodes host the memory pool for the txid's - So they serve a purpose: Making transactions propagate over the network. And serve blocks to nodes that are not up-to-date (And clients).
deleted 13y ago
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deleted 13y ago
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nwh 13y ago
8000 nodes listening on IPv4. There's probably hundreds of thousands of non listening ones. Not every node is listening, not every wallet is a node. You can still be trustless even without a copy of the blockchain at hand.

4 ms·

Just 8000 bitcoin nodes? So much for the People's Distributed Currency.

by sliverstorm 13y ago

Just 8000 bitcoin nodes? So much for the People's Distributed Currency.

pmorici 13y ago
Those are probably 'full nodes' to participate in the network as a miner or casual user you don't need to run a full node.
- sliverstorm 13y ago
  Yeah, but if there are just 8,000 nodes, suddenly it seems like it wouldn't be all that hard to hijack the network. It's possible I misunderstand, and overestimate the value of full nodes.
  - VMG 13y ago
    You're basically right though, there are regular calls on /r/bitcoin for people to run a full node because the number has gone down recently. I decided set one up on my dedicated host due to one of these.
    - lifeisstillgood 13y ago
      Interesting - I have been meaning to look into how the blockchain works (I missed the get-rich-quick rush and dismissed it all until heard Andreessen explain the reasons) Anyway - what does being a full node entail?
      - jnbiche 13y ago
        Simply run bitcoin-qt or bitcoind all the time and make sure that you have port 8333 open to the outside world (if you have a router, this usually means forwarding 8333). It takes a few hours to a half day for the node to catch up, depending on your bandwidth and CPU, but after that it requires relatively little processing time. But you do need ~20 GB of free hard drive space for the blockchain.
  - thelamest 13y ago
    Non-mining nodes just hold and relay validated blocks, they don't do anything that can be hijacked.
    - servowire 13y ago
      Full nodes host the memory pool for the txid's - So they serve a purpose: Making transactions propagate over the network. And serve blocks to nodes that are not up-to-date (And clients).
deleted 13y ago
[deleted]
deleted 13y ago
[deleted]
nwh 13y ago
8000 nodes listening on IPv4. There's probably hundreds of thousands of non listening ones. Not every node is listening, not every wallet is a node. You can still be trustless even without a copy of the blockchain at hand.