unlimitless

4 ms·

1. 1.▲
   by unlimitless 9y ago

   and then my wallet bans your peer and moves on. Not an issue
2. 2.▲
   by unlimitless 9y ago

   He didn't give the strategy as a requirement for light wallets to actually work. He gave it as an example of making the security trade off better. Light wallets do work. To fool them you have to have to be able to 51% the network an
3. 3.▲
   by unlimitless 9y ago

   I feel you, you are correct btw.
4. 4.▲
   by unlimitless 9y ago

   You trust the hashpower in the aggregate, you do not trust the node that gives you the information. That is because the block solution is independently verifiable by the spv wallet. They can also independently verify that a transaction wa
5. 5.▲
   by unlimitless 9y ago

   I'll just leave this here... http://satoshi.nakamotoinstitute.org/emails/cryptography/2/ "At first, most users would run network nodes, but as the network grows beyond a certain point, it would be