As Blockchains Grow Bigger, Full Node ... - Bitcoin News

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05-19 18:15 - 'To elaborate, with your full node wallet, you get to choose what size block chain you support. You can choose to run the full node software that follows the 1mb (BTC) chain, or the full node software that follows the 32m...' by /u/buttonstraddle removed from /r/Bitcoin within 80-90min

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To elaborate, with your full node wallet, you get to choose what size block chain you support. You can choose to run the full node software that follows the 1mb (BTC) chain, or the full node software that follows the 32mb (BCH) chain, or the full node software that follows the 128mb (BSV) chain, or you can start your own chain at whatever blocksize you want and start mining it yourself.
The point is, by using your own software, you vote with your intentions. If I refuse to accept coins from the 32mb rulechain, then that's my preference. Just the same as if I refuse to accept MS Office documents, and only plain .txt files, then I am voting for my preference. "Sorry my text editor can't read your .docx file" is the same as "Sorry my node isn't showing your txn". Its not what some web block explorer says. Its not whether some Google docs website can read your MS Office document. Its what your software can recognize, because you only trust the software that you choose to run.
If enough people are like me, and want and choose the same thing, then a community/network starts to emerge. That's how this thing works. No one in control; each individual choosing. Developers are irrelevant if no one is going to choose to run that software. Yes, that means you need to have a technical understanding of the tradeoffs of both sides, so that you can make a conscious choice. You want to disrupt central banks, then you have the responsibility of educating yourself.
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Author: buttonstraddle
submitted by removalbot to removalbot [link] [comments]

Bitcoin on Twitter: "BTC's block size has been constrained to a mere 1MB so anyone can afford to run a node, but users are expected to transact on #LightningNetwork which requires multiple hard drives and an always-online full node that causes users to lose all their money if it goes offline. Hmmm"

Bitcoin on Twitter: submitted by Egon_1 to btc [link] [comments]

Pocket Size Bitcoin Full Node

Pocket Size Bitcoin Full Node submitted by dondreyt to Bitcoin [link] [comments]

"We do not believe that decentralization means a 1MB block size limit or a responsibility to constrain the block size so that a Raspberry Pi can run a full node while the fee per Bitcoin transaction is higher than the daily income in most developing countries."

Well said. https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/
submitted by poorbrokebastard to btc [link] [comments]

Full Nodes & Block Size: The Importance of Keeping Validation Costs Low in Bitcoin

Full Nodes & Block Size: The Importance of Keeping Validation Costs Low in Bitcoin submitted by koocer to Bitcoin [link] [comments]

In early 2013, it became a common belief that new Bitcoin users should not be recommended Bitcoin-QT, the full node client. Bitcoin.org was changed to no longer exclusively recommend it. Two years later, the block size conservatives are saying the drop in full node count was due to block size

I distinctly remember that the recommending of Bitcoin-QT to new Bitcoin users became a faux pas in early 2013. It was claimed that regular people should download and install an SPV client like Multibit.
Predictably, there was a large drop in the full node count, as the wallet market became dominated by a large number of new, light clients, and the most trafficked Bitcoin website, bitcoin.org, stopped exclusively recommending people to install Bitcoin-QT.
Now, we have important developers like Luke-Jr claiming that this 95% drop in full node count can be mainly attributed to the growing size of the block chain, despite the fact that the drop began right when light clients began being recommended..
EDIT to add some data:
This is the image that GMaxwell and Peter Todd, two individuals who are conservative about the block size (in particular Peter Todd, who's been warning about increasing the 1 MB size limit since 2013), have linked to to make their point about the full node count:
http://i.imgur.com/EL0zHRe.jpg
Up until at least March 18, 2013, the only client recommended to visitors of bitcoin.org was Bitcoin-QT, and an installation link for it was provided right on the landing page:
https://web.archive.org/web/20130318211940/http://bitcoin.org/
The WayBack Machine shows that by March 25th, 2013, this had changed, and a 'Choose Your Wallet' button appeared on Bitcoin.org/:
https://web.archive.org/web/20130513214959/http://bitcoin.org/en/
From March 25th 2013 onward, the number of non-full-node wallets recommended by bitcoin.org increased, in response to a general increase in the number of high quality and/or well marketed light and mobile wallets on the market.
Now a days, Bitcoin-QT is one of twelve clients displayed on bitcoin.org's Choose Your Wallet page:
https://bitcoin.org/en/choose-your-wallet
Other than Bitcoin-QT and Bitcoin Armory, all of them are non-full-node clients.
This shift, from a wallet market where only Bitcoin-QT was available and recommended to one that is increasingly diverse and dominated by light clients, coincides with the point (Spring 2013) where we start seeing a rapid decline in the full node count.
submitted by aminok to Bitcoin [link] [comments]

Rodolfo Novak: If you can say w/ a straight face that its ok to increase block size and take more space/bandwidth you never ran a bitcoin full node on your laptop 🙉

Rodolfo Novak: If you can say w/ a straight face that its ok to increase block size and take more space/bandwidth you never ran a bitcoin full node on your laptop 🙉 submitted by tasmannn to Bitcoin [link] [comments]

Decentralizing the Block Size Limit Bitcoin’s full node network itself, with special software, will find the most optimal block size limit via emergent consensus.

Decentralizing the Block Size Limit Bitcoin’s full node network itself, with special software, will find the most optimal block size limit via emergent consensus. submitted by solex1 to btc [link] [comments]

Started running a full node on a credit card sized computer; it also shows real time statistics about the Bitcoin network

Started running a full node on a credit card sized computer; it also shows real time statistics about the Bitcoin network submitted by Matoking to Bitcoin [link] [comments]

Luke Dashjr: "If you have trouble affording a full node with 1 MB blocks, you have no business supporting a block size increase to 2-4 MB (Segwit)."; Tom Harding: "Suppose I've never been able to afford a full node, but I'm capable of understanding #bitcoin and observing the uptake by society."

Luke Dashjr: submitted by BobsBurgers3Bitcoin to btc [link] [comments]

The UTXO set grows 8 times slower than the Bitcoin blockchain (chart). Full node ops shouldn't worry about block size increase.

The UTXO set grows 8 times slower than the Bitcoin blockchain (chart). Full node ops shouldn't worry about block size increase. submitted by Har01d to btc [link] [comments]

Did you know that 99.999 percent of Bitcoin Cash was made by Bitcoin Core developers? The only thing Bitcoin Cash developers has done is increasing the block size... Bitcoin Cash is an altcoin. The Lightning Network has more full nodes than Bitcoin Cash. /r/Bitcoin

Did you know that 99.999 percent of Bitcoin Cash was made by Bitcoin Core developers? The only thing Bitcoin Cash developers has done is increasing the block size... Bitcoin Cash is an altcoin. The Lightning Network has more full nodes than Bitcoin Cash. /Bitcoin submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Andrew Stone: While ideas like BIP101 require us to project far into the future, and BIP100 puts voting solely in the hands of miners, Bitcoin Unlimited puts "voting" in the hands of every full node -- the max block size emerges from the "excessive" settings

Andrew Stone: While ideas like BIP101 require us to project far into the future, and BIP100 puts voting solely in the hands of miners, Bitcoin Unlimited puts submitted by BalconySitter to btc [link] [comments]

Can we just split the Ledger to reduce its size and cost of running full node? /r/Bitcoin

Can we just split the Ledger to reduce its size and cost of running full node? /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Well that was easy: I'm casting my vote for larger block sizes by installing Bitcoin XT as a full node.

It installs in just a couple of minutes and it rides right on top of the same blockchain so no need to download any additional block information.
XT is just humming along...
submitted by BitsenBytes to Bitcoin [link] [comments]

How to setup full node with low size blockchain? /r/Bitcoin

How to setup full node with low size blockchain? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Is there a way to reduce blockchain size so more people can run a full node? /r/Bitcoin

Is there a way to reduce blockchain size so more people can run a full node? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Consensus question - are full nodes checking if block size is compliant with current consensus rules, or who is doing that? /r/Bitcoin

Consensus question - are full nodes checking if block size is compliant with current consensus rules, or who is doing that? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] Where to find up-to-date file size if I were to run a full node of BTC or BCH?

The following post by radressss is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
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Has anyone calculated the cost of running a full node at various block sizes? /r/Bitcoin

Has anyone calculated the cost of running a full node at various block sizes? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

"Decentralizing the Block Size Limit : Bitcoin’s full node network itself, with special software, will find the most optimal block size limit via emergent consensus." - by Andrew Clifford (Can somebody translate this to Chinese? It would help miners understand why ViaBTC made the right decision.)

submitted by ydtm to btc [link] [comments]

Does a doubling of block size necessarily demand a doubling of a node's theoretical footprint? If so, how big can block size get before we all run out of full node hard drive space? /r/Bitcoin

Does a doubling of block size necessarily demand a doubling of a node's theoretical footprint? If so, how big can block size get before we all run out of full node hard drive space? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

All About Bitcoin Full Nodes (BTC, BCH, BSV) How to Lower Bitcoin Fee and See Transaction Size in Bitcoin Core What is a Bitcoin Full Node? Why would I want one? - YouTube Bitcore 2.0 Overview How to install Bitcoin Core Wallet and send Bitcoins

Charts providing a snapshot of the Bitcoin Cash (BCH) ecosystem Buy Now Buy Now On August 1, 2017, at Bitcoin Blockheight #478559, developers, exchanges, miners, and node operators running the Bitcoin Cash software began accepting larger blocks. Currently, the total Blockchain is about 230GB in size and the chart above is indicating linear growth. It’s very safe to say that 2 terabytes of storage size will keep you safe for the next 5 years. Running a Bitcoin Full Node & Why it is important . To keep the network secure, it’s very important that there are as many full copies of the Blockchain as possible. These copies of the ... Running a full node is the only way you can use Bitcoin in a trustless way. You will know for sure that all the rules of Bitcoin are being followed, for example that no bitcoins are spent not belonging to the owner, that no coins were spent twice, that no inflation happens outside of the schedule and that all the rules needed to make the system work (e.g. difficulty ) are followed. There are various ways you can run a Bitcoin Cash full node whether it's in a cloud, on a local machine or by leveraging a small single-board computer. Running a Bitcoin full node comes with certain costs and can expose you to certain risks. This section will explain those costs and risks so you can decide whether you’re able to help the network. Special Cases. Miners, businesses, and privacy-conscious users rely on particular behavior from the full nodes they use, so they will often run their own full nodes and take special safety ...

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All About Bitcoin Full Nodes (BTC, BCH, BSV)

Bitcore is a full bitcoin node — your apps run directly on the peer-to-peer network. By binding directly into bitcoin's source code, Bitcore's API is 20x faster than connecting to a separate ... This video will show you how to find your transaction size in kb, so you can calculate your transaction fee, but also show how you can select certain bitcoins to send to lower your fee. First, go ... Bitcoin Core includes a transaction verification engine and connects to the bitcoin network as a full node. Moreover, a cryptocurrency wallet, which can be used to transfer funds, is included by ... Talking about Sovereignty https://bitcoin.org/en/download https://bitcoin.org/en/full-node#what-is-a-full-node https://blockchain.info/charts/blocks-size htt... Increasing Swap File Size; Creating File for Binaries & Installing Berkeley DB: ... Bitcoin Miner vs Full Node - Programmer explains - Duration: 7:01. Ivan on Tech 32,576 views. 7:01 . How to make ...

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