they really don't understand Bitcoin
Discussion
That's the trick. The genius of Bitcoin. It's still unbroken for a fuckin reason.
I feel this is wishful thinking
Except it's not.
My node, my rules.
Now I upgraded to a MiniPC i7, we're gonna make Blackrock our little bitch.
Can't wait for the blackrock coin airdrop... all 42quadrillions of 'em coins.
What I find funny is that I saw you posted on this on twitter too and every response is thinking that your commentary is on the post itself — ie it’s the poster of the screenshot that “doesn’t understand bitcoin”
But here each one sees that post and agrees with it like it’s affirmation
It’s worldwide
It’s not just one little node, it’s millions.
Last I checked we are still under 100,000 discoverable full nodes.
I've often wondered what kind of risk would be posed by someone spinnig up millions of nodes on AWS.
Is there an attack vector there or would they be meaningless without coins and hashrate? #asknostr
Why the fuck would BlackRock want an uncapped supply
Makes to sense
Bitcoin will make them filthy rich
and my little #nerdminer too 😎🔥
https://video.nostr.build/d8229d16e7a751bd19082d0d8f458cba5e3e90ffbcf56a0fd18a181e06030a7a.mp4
#solominer #solomining #plebmining
They say RasPi as if the power of the machine has anything to do with it 🤣
I'm not updating Core since v25.1.0
ok, I will continue to buy Bitcoin.
#aksnostr
And here I thought I understood bitcoin.
And if I do - the answer is NOT.
A raspberry node doesn’t contribute hashing power to the network and to change the network one needs to either control or convince 51% of the contributing network.
Or - did I miss something?
Somebody please clarify
I think you miss something.
The nodes choose the rules they operate by and defend the immutability.
The miners defend the transaction history.
Obviously it's not the whole picture.
Hash power has nothing to do with consensus rules.
Nodes enforces consensus rules and miners apply hashpower to discover a block under those rules.
Anyone can propose different rules, but if you don't agree, you just keep using the version of Bitcoin that you like in your node. Period.
When bitcoin is completely minded out, and we are only left with consensus rules, will polarization drive policy with bitcoin like it does with democracy?
Polarization between what?
Well, the problem we have now is that nobody agrees on how to
redistribute money. This is why everybody disagrees about who should be in charge of it, which is why it is seated to the government because they offer a redistribution model for “equitable” welfare redistribution. You’re not going to get the majority of people to agree to a pure meritocracy such as bitcoin so it will become Ideological - polarization driven by individual self interest will require a welfare model or a governing body to determine how to re-distribute bitcoin earnings. This is just how people operate.
No pun intended, but what you are saying makes no sense.
There will never be anything like a welfare model or a governing body in Bitcoin. It just wouldn't be bitcoin! Also, there is no profit in bitcoin. 1 BTC = 1 BTC. If you want to continue to think in terms of fiat money, well, that's a different story.
“It just won’t be bitcoin!” Yeah, exactly, bitcoin won’t be universal… it isn’t a fiat mindset to contend with the social demand for redistribution. You can actually be serious. You sound like a fucking moron who is ideological possessed by greed
Do you call it greed not wanting to be robbed? I don´t get your point.
I worked hard to earn my sats. Why would I wanted to "redistribute" my money. Do you socialize your salary? You sound like a freaking communist!
Libertarianism is such a luxury belief. Taxation for the purposes of redistribution is a function of the monopoly on violence to ensure the poor don’t kill the rich, take all their shit and crash civilization in the process. This is why bitcoin maximalists are not taken seriously as rigorous thinkers
Ok Marx. Have a good live!
You really think the miners aren't going to follow the profitable blackrock fork and instead mine the chain your RPi agrees with?
I think they’d be able to easily understand it after it has been explained properly. However, the concept is so alien that it’s hard to believe that it’s actually true 😂
Indeed many people don't understand Bitcoin.
A node doesn't have any influence on the network unless it adds blocks or pays fees.
Think of it like this: Your node only has READ access, but cannot write.
You can verify, but you cannot create.
Write access requires hashpower or transaction activity.
The write access happens when you refuse to provide goods or services for coins your node disagrees with.
In that case you influence transaction activity of others to be in accordance to the protocol rules of your node.
Your node technically enables you to do that. But in the end, your power to influence others comes from your economic potential, not your node. It doesn't matter if you have 1 or 1000 nodes. Theoretically, you can do this even without node, in which case you cannot completely verify the settlement of the transaction yourself, but you could still exert your influence.
Or in other words, your node has zero influence if you don' t connect any economic activity to it.
You can be Elon Musk and yet without a node you won't achieve shit. Of course having more than one only gives you increased service availability but doesn't affect the network. And if your economic activity is not linked to your node it also has no effect.
Yes. *spins up another full-node on an old Thinkpad*
is it possible to run on an 10 yo windows machine? Where can I find an easy guide?
Bitcoin node probably. Lightning node probably not.
Depends on your specs.
the only way yes
HFSP
Bitcoin Cash is still a thing.
Blackrock Bitcoin will be a thing
Bitcoin will stay a thing!
🧡 Faith, science and poetry(memes) will get you through anything 🧡
Don't know about uncapping. Bad enough Blackrock already has 5% of supply and has veto power over any forks. Also it is likely to push OFAC lock downs of wallets and transactions. In general I am not sanguine as Bitcoin is pulled further and further into bankster land and legacy finance it was mean to give an alternative to. Its journey to the dark side will be complete when it is US government reserves.