Damus
Jon · 3d
Please explain to me, in technical specificity, how the network determines and "off the shelf" node from an "economic" one. These are just condescending terms that are meaningless in reality. The diff...
Jack Spirko profile picture
Thanks for sharing your perspective. To clarify the distinction: the network doesn’t run code to detect a node’s "intent". An economic node is simply defined as a node whose owner acts as a final economic destination (processing actual commerce, merchant payments, custody, or exchange deposits) rather than just relaying traffic.

If non-mining nodes reject a block, it doesn't matter to miners unless those nodes represent real economic velocity. A miner's incentive isn't to satisfy the total count of listening nodes, but to produce blocks accepted by the entities holding actual buying power and paying for block space.

BIP-110's rules are technically backwards-compatible as a soft fork, but if major exchanges, custodians, and payment processors reject the tightening, miners who enforce BIP-110 risk producing blocks that the real economic backbone refuses to settle.

That’s why node count doesn't dictate consensus, economic consensus does. The fact I need to explain this to you means you don't understand BTC or consensus at all. I suggest learning about bit more about how it all works before personally attacking someone vs. their ideas in the future.

Enjoy the 8th, I will be in a boat fishing in the ocean and won't care what happens. The outcome is already known.
Hofer99 · 2d
So in other words btc is fcked is what your trying to say?