[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 11 KB, 215x286, faggot.jpg [View same] [iqdb] [saucenao] [google]
19140195 No.19140195 [Reply] [Original]

Why aren't you running a node?

>> No.19140310

mine is pruned already
next question

>> No.19140312

>>19140195
Why do I need to?

>> No.19140316
File: 95 KB, 450x405, 1573322387279.png [View same] [iqdb] [saucenao] [google]
19140316

>>19140310
Do you do it for free?

>> No.19140623
File: 372 KB, 712x1010, 43567.png [View same] [iqdb] [saucenao] [google]
19140623

it would cost me money and you don't need to run a full node to verify transactions

>> No.19140845

>>19140623
on a byzantine fault tolerant chain this is true. on the cash forks it is not true.

>> No.19140898

>>19140845
but satoshi clearly said so in more words on the bottom of pic so i rest my case.

>> No.19140949

>>19140898
Satoshi said in the bottom of the pic that you only need blockheaders to verify payments.

>> No.19140984

>>19140195
That vid made me buy BSV for the first time. I don't care if its a scam. I guess that vid was a BSV shill.

>> No.19141007

>>19140949
no he said the shitforks can't use spv because it wouldn't be secure. it's only secure if the majority of hash honestly participates in consensus (which is only true for btc).

you can start by learning to read. then continue learning about bitcoin. then come back and we will discuss this in 2022.

>> No.19141021

>>19140984
>I guess that vid was a BSV shill.
bingo well at least it was basically a very long cashie propaganda that takes many hours to completely take apart fact check and btfo.

>> No.19141117
File: 192 KB, 680x660, 1586830254911.png [View same] [iqdb] [saucenao] [google]
19141117

>>19141007
BTC has no hope of retaining it's dominance in hash, nor is it considered Bitcoin because it's so far gone from the whitepaper. Otherwise any thing is Bitcoin if it has most hash.

No go run your little node for free like a jannie.

>> No.19141181

>>19141117
>BTC has no hope of retaining it's dominance in hash
yeah we will see about that. i mean btc just lost 40% hashpower and they are nowhere on the shitforks. sadly. the trolling potential would be mindblowing.

>> No.19141242

>>19141181
come to think of it maybe 4-5% of that is shadow mining bch forks for a deep reorg to fuck you to shiterins...

>> No.19141263

>>19141117
>from the whitepaper
so BSV does not have the 21million cap?
it's not in the white paper

>> No.19141498
File: 101 KB, 844x475, bitcoin growth in time.png [View same] [iqdb] [saucenao] [google]
19141498

>>19140195
>Why aren't you running a node?
I am running a full node, its an archival node. I love it, all that sweet sweet proof of work adding certainty to the transactions verified by my own computer.

>> No.19141535

>>19141498
i guess we are not exactly at reliable store of value. over a longer period of few years definitely but it can correct 90% down in a few months.

>> No.19141659
File: 45 KB, 776x526, bitcoin gold sp daily volatility.png [View same] [iqdb] [saucenao] [google]
19141659

>>19141535
>i guess we are not exactly at reliable store of value. over a longer period of few years definitely but it can correct 90% down in a few months.

Yup good points, based on the price data a 4 year hold equals get your money back. So its not that bad considering the potential price appreciation and censorship resistance.

The volatility should come down as the network of users grows.

>> No.19141668

>>19141659
>The volatility should come down as the network of users grows.
it will come down as market cap grows even with same number of users.

>> No.19141787

>>19141498
>>19141535
>>19141659
>>19141668
You guys are going to get rich so quick. For sure. Post the S2F chart now.

>> No.19141800

ADAM BECK IS SATOSHI

>> No.19141830
File: 471 KB, 1024x1013, trust-me-im-an-engineer.jpg [View same] [iqdb] [saucenao] [google]
19141830

>>19141787

>> No.19142148

>>19141800
>CRAIG WRIGHT IS HARRY POTTER
just look at the scar on his forehead!

>> No.19142232
File: 176 KB, 399x399, 1588374751890.png [View same] [iqdb] [saucenao] [google]
19142232

>>19141668
>it will come down as market cap grows even with same number of users.
I agree with the reduction in volatility when market cap grows, but I do think new users are the key factor for volatility reduction though.

something I found useful to consider is that the current market cap of bitcoin is roughly equal to one year of new gold supply.

Do you invest in bitcoin only, or you looking at shitcoins too? I have a shitcoin to shill you if your interested.