Damus
Time Chain · 2w
A Bitcoin Node Runner’s 7 Rules for Self-Sovereignty 1. Nodes enforce the rules. Bitcoin’s consensus is enforced by nodes — not miners, not developers, not companies. If you don’t run a node,...
nostrich profile picture
A dying fork can have all the nodes it wants. If mining power has no incentive to support it, it will quickly become irrelevant. An adequate number of nodes is important for censorship resistance, but beyond that, economically incentivised mining power is the boss. I wish people would realize that node count is nearly irrelevant. Non economic nodes are in reality only valuable for the node runner's privacy and personal coin verification.
Time Chain · 2w
Miners are employees of the network. The network is controlled by nodes because node runners own the land where bitcoin lives. The miners are but serfs on the land. The extra fees from spam dust are not a strong enough incentive when only a couple of miners have the spam profitting VC firms backing ...