kylelee99

4 ms·

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by kylelee99 5y ago
I hope that. :)
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by kylelee99 5y ago
I know I can't convince you. I think it's because we have different expectations for the future and our understanding of Satoshi's design is different. When the first 10MB block was created, even when the 100MB block was crea
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by kylelee99 5y ago
The word “honest” appears 16 times in the Bitcoin whitepaper. Bitcoin is designed with a greater incentive for honest miners to deter attacks. Your and my predictions for the "happy-path scenario" are different. BitcoinSV is empir
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by kylelee99 5y ago
The word “honest” appears 16 times in the Bitcoin whitepaper. Bitcoin is designed with a greater incentive for honest miners to deter attacks. Your and my predictions for the "happy-path scenario" are different. BitcoinSV is e
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by kylelee99 5y ago
Miners are designed so that they cannot change the Bitcoin rules. Then the number of miners doesn't matter. There is so little competition among miners that if there is only one person and enough incentives, then everyone will try to b
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by kylelee99 5y ago
I'm trying to be as specific as possible. Bitcoin’s block reward converges to zero. Miners need incentives to existing. The TX fee, which will replace the block reward, exists only when the big block is processed. The cost of disk stor
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by kylelee99 5y ago
Blocks of 1~2 GB size that are actually being mined have a higher fee than the current block reward. Miners can mine larger blocks to increase their ROI. I strive to provide sufficient answers to your questions. Please understand even if my
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by kylelee99 5y ago
SPV doesn't trust a handful of miners. Since SPV has block header information, it can verify itself.
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by kylelee99 5y ago
First of all, I thank you very much for your professional reply. Perhaps the biggest misconception about the Bitcoin network is that miners think they can change the rules. Satoshi's designed the Bitcoin protocol to be immutable. There
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by kylelee99 5y ago
A few specialized miners form a complete graph. The majority of users use the SPV introduced in Chapter 8 of the Bitcoin white paper. Miners compete for their own incentives, processing hundreds of millions of TX. This is also Satoshi'
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by kylelee99 5y ago
You can check the real data. https://bitcoinblocks.live https://whatsonchain.com There is no problem with practical use. Once you know "peer-to-peer transaction protocol," you will understand that it can wo