#asknostr
What's more important for decentralization? More Nodes or miners.
This seems like a trade off between #bitcoin and #monero based on what I have seen.
I hear that the monero block chain will be too big if it was used more.
Discussion
We need more decentralized miners
At first slowly
...then all at once.
Some day on the not too distant future... ASIC chips on most our appliances will be a factory option.
Well, with Monero, if you run a node you can also mine.
As far as storage size goes, on one hand, that gets more affordable every day. On the other hand there is always the pruned node.
Miners. Nodes are for checking the math, but if the math is rigged by regulation, non-censoring miners are the only way to keep the power balance decentralized.
For example, if only Mara mines, only Mara builds Block templates. They will not mine transactions from a financially sanctioned country. This gives them executive powers. Basically, in this fictional scenario, Mara becomes the #bitcoin dictator.
#Bitcoin is anarchy, rules without rulers. I would like to keep it that way
That's why I think every bitcoiner should run some type of lotto miner, based on your own beliefs.
It's fine if I hate Ordinals, but you love them. I will attempt to persuade you. I hope you change your mind and see Ordinals as the shitcoins they are, but I will defend your right to mine the blocks you want to mine.
Nodes are useful for cybersecurity and too run the numbers. It's important for your stack and for consensus, but mining is more important for the network. They are both important in a game theoretical sense, bit I value mining more because of my first principles. You'll need to examine your own first principles to determine which one is more important for you.
That makes sense.
Thanks. It's like the separation of powers in the United States Constitution, except it's closer to what the Anti-Federalists envisioned compared to Alexander Hamilton's wet dream.
Forgive me of this doesn't make any sense. I am trying to understand the trade offs between monero and bitcoin. My understanding is that monero might be better for decentralized mining since there is an effort to keep with cpu mining. I also hear the point that the chain on monero will get very big and this will be a problem for individuals to run nodes in the future.
I have been in bitcoin for quite a while and I fully believe it is here to stay. But I have the feeling that monero might be around as well so I want to understand better.
What are your thoughts on those trade offs. Do you think monero is a shitcoin or does it have a place on the future. And is it possible that it eventually the gap closes somewhat between the networks of the two, as we find the need for privacy grows?
Oh boy. I have an answer, but give me some time to write something up.
Why do you want to be private? Generally speaking of course. Security, Freedom?
"too big" is subjective
storage is getting cheaper faster than the XMR chain is growing.