<unnamed>

Public Key

npub1vayr0fsmwx77emk5ez7k8fashnqf8mks9mptamn6e45evhc4wqxsp4fxz6

Profile Code

nprofile1qqsxwjph5cdhr00vam2v30tr57ctesynamgzas47aeav66vktu2hqrgpzpmhxue69uhkummnw3ezuamfdejs7rjw06

Publishing to

nostr.wine

Last Notes

2023-06-07 17:42:21 CEST

- reply

📅 Original date posted:2015-07-15
📝 Original message:> It's such a misconception that running many nodes somehow helps. It's much better that you run and control one or a few full nodes which you actually use to validate your transactions, than to run 1000s of nodes in third party datacenters. The latter only looks more decentralized.
I guess we sort of disagree here, perhaps my word “strength” was not the right word. Yes, running 6000 vs 7000 nodes makes no difference for the network strength, but (a) running 50 nodes vs 5000 does make a difference. I would love to see how the number of nodes drop if companies like blockcypher turn off their servers. Obviously it would not go 50. (b) running different clients (if blockcypher runs non-reference-bitcoinD client) makes the network less open wide-spread bugs
I feel we are really derailing the original topic btw :-)
> On Jul 15, 2015, at 9:11 AM, Pieter Wuille <pieter.wuille at gmail.com> wrote:
>
> On Wed, Jul 15, 2015 at 12:06 PM, Me via bitcoin-dev <bitcoin-dev at lists.linuxfoundation.org <mailto:bitcoin-dev at lists.linuxfoundation.org>> wrote:
> Have you talk to them? If not, how can you be sure they don’t run large number of standard nodes and actually make the network stronger? Personally I never bring claims like this if I just assume. A lot of people in the community really trust you, do you realize you potentially hurt them for no reason?
>
> Running normal full nodes only provides extra service to nodes synchronizing and lightweight clients. It does not "make the network stronger" in the sense that it does not reduce the trust the participants need to have in each other.
>
> It's such a misconception that running many nodes somehow helps. It's much better that you run and control one or a few full nodes which you actually use to validate your transactions, than to run 1000s of nodes in third party datacenters. The latter only looks more decentralized.
>
> --
> Pieter
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150715/8fca9ae0/attachment.html>

2023-06-07 17:42:21 CEST

- reply

📅 Original date posted:2015-07-15
📝 Original message:Have you talk to them? If not, how can you be sure they don’t run large number of standard nodes and actually make the network stronger? Personally I never bring claims like this if I just assume. A lot of people in the community really trust you, do you realize you potentially hurt them for no reason?
btw I do not work for them nor have any money invested in them in case anybody asks
> On Jul 15, 2015, at 8:59 AM, Peter Todd <pete at petertodd.org> wrote:
>
> On Wed, Jul 15, 2015 at 08:49:13AM -0700, Me wrote:
>>> Blockcypher's "confidence factor" model(1)
>>> under the hood - yet another one of those sybil attacking network
>>> monitoring things
>>
>>
>> Peter, I noticed on your twitter you have a lot of bad things to say about Blockcypher and their business model (which I might not full agree, but totally respect), can you share any evidence they perform any form of Sybil attack on the network, please.
>
> For Blockcypher to succesfully do what they claim to do they need to
> connect to a large % of nodes on the network; that right there is a
> sybil attack. It's an approach that uses up connection slots for the
> entire network and isn't scalable; if more than a few services were
> doing that the Bitcoin network would become significantly less reliable,
> at some point collapsing entirely.
>
> --
> 'peter'[:-1]@petertodd.org
> 0000000000000000093f699ccdb323aa638af1131249ec2e1bacbf367163807a