Is monero even decentralized? Can an ordinary person afford to run a monero node?
I feel like the CEO of Blackrock pumping #Bitcoin is a concrete sign that it's failed to exist as a useful currency to advance liberty. Some would argue it was never intended for this, but even now there are people who will sloganeer Bitcoin fixes this in the face of censorship and financial repression.
#MoneroOrBust? More and more I start to side with those that argue that currency is the wrong battle in the first place when it comes to attempting to hold the powerful to account. (pun intended)
https://f005.backblazeb2.com/file/gabe-dat/mk/89bc27d8-7eb4-4ce0-9faf-d6cded7c2ff0.mp4
Discussion
What is the size of the monero blockchain right now? What is the block size limit? How often are blocks mined?
~150gb full node(~50gb pruned), current blocksize limit is ~0.3mb, every ~2 minutes
Both node counts are comparable. Monero mining I would say is even more decentralized since you it can run on any general purpose CPU that almost everyone has available.
I’m not asking how the mining is decentralized. I’m asking how the network is decentralized. Can’t the dev team just change anything they want? What prevents the network from being compromised by a malicious dev team?
Well the mining is a big part of decentralization that's why I mentioned it.
Theoretically, if all developers and maintainers colluded, sure, they could. But how likely is that? And isn't that the point of open source/FOSS? Transparency/verifiability/many eyes on the project being it's defense?
What would happen with something so egregious and nefarious is it would be forked by the community. Just like Monero was forked away from shady dealings of Bitmonero in it's infancy.
If you are still not convinced, don't hodl Monero, just use it. Continue saving with Bitcoin. Best of both worlds.