It costs you so little because no one is using anywhere near its full potential and is most likely on a tiny VPS

With GB Blocks you are looking at a maximum capacity > 4TB of storage a month for a full node and no normal mechanical HDDs are not enough you will probably need NVMe drives but standard SSD's will also cope due to latency good luck getting hold of 4TB of NVMe storage for $50/m these will need to be in a RAID array and paid upfront

There are a lot of technical difficulties that will put this kind of setup out of the hands of almost anyone

My server cost's me $50USD a month and is running full nodes for quite a few forked coins with txindexing

It has 32GB RAM and 3TB HDDs in a RAID1 array and new fork coins are taking longer and longer to sync the full chains
Ive been hosting and running dedicated servers for the last 20 years granted in the early days it was just simple illegally File sharing music over FTP before p2p made it easy then I moved to a private torrent site that I spent 100s of hours modifying the code to suit my needs and eventually gave away to a new admin because I had enough that he then run it into the ground because he didn't have the experience to combat attacks and closed it.

Now its mostly just basic web services I run because I don't have the time to deal with all the coding and just run some opensource projects some as it and some slightly modified
Last week I started collecting ALL mempool dumps every minute that are being automatically uploaded once a day to my google gsuite  account where I have unlimited storage



 

Yea that was bad a highly pro bitcoin cash Twitter account that goes around blocking and reporting any Bitcoin user that speaks against there narrative so the odds were highly in their side gets destroyed

Yes and no

It does not help secure the network from a PoW sense

By not running your own node you are just trusting whoever is running the node you are connected to via your wallet

Not everyone needs to run their own but there should be enough that a few players cannot change the rules

You will see numbers thrown about that with gigabyte blocks a node will cost roughly $20000 a month to run this is out of the budget for most businesses so you will only get large corporations and the miners running them

While this is generally ok you are putting complete trust into a few all the BCH mining pools are "friends" so if they decide for instance that the low fees are not enough to sustain a profitable business they can just increase the coin supply as no one else can afford to run nodes you just get forced to accept any changes or move to something else.

Call it FUD, propaganda whatever you want but these are huge risks and ones Bitcoin was designed to combat.

Just look at the Genesis block that says it all Bitcoin was born because the banks cannot be trusted and run the current financial system by their rules and allowing just miners to run full nodes gives them the exact same control that the current banking system has abused

I'm sorry but I do not trust a for-profit company to remain honest if nodes get so expensive to run that only the for-profit miners are the only ones that can afford to run them.

By keeping smaller blocks and scaling off chain more users can afford and are incentified to run local nodes which means the miners have no choice but to follow the rules set by the majority as defecting from these rules would create invalid blocks that the rest of the network would reject.

Bitcoin Cash is about retaining power over the network and is a direct response to UASF where it was proven that the users control the network and miners are powerless over the majority

Actually a larger blocksize naturally makes it more centralised because full nodes become much more expensive to run so if the network does become big enough then only larger corporations and banks will be able to afford to run full nodes this puts the power in their hands

Cobra has beef with bitmain mining monopoly and he trying to get BOTH Bitcoin AND Bitcoin cash to change PoW he has already said he has recommended the BCH community to do a PoW change too


https://twitter.com/CobraBitcoin/status/972140343041904645?s=19

Bitcoin Cash leaders are starting to get desperate for acceptance now it's starting to remind me of how bitconnect started going before exit scamming

It's rather dead in here now looks like you need bitcoin to keep this thread alive too 

I'm supprised no one has been crying foul for the @bitcoin (BCH Shill account) being suspended for suspicious activity seems a coincidence when there has lately been a huge bot army attacking Bitcoin users and everyone says it was shortly after replying to either a @bitcoin or. @rogerkver tweet

We're only using 0.8% of our blocks better increase the size to 32MB as a high probability in the next forced upgrade

Then we can just use 0.2%

It was recently pointed out that the Bitcoin dot com wallet from Roger ver has a huge security issue because it is just storing the wallet seed on the device in a plain text file.

When confronted about this issue his response was simply

"Not my problem if your seed is stolen blame your operating system"

This man is an idiot

Segwit has been used and heavily tested on litecoin for about a year and even had a Honeypot address with $1m in for  half of that time never to be stolen and its now been active on Bitcoin for 6 months with zero issues

One of the BCH malfix proposals is similar to segwit by moving the signatures to the end of the block not really looked into it but I think the only real difference is that segwit uses a second merkle tree to keeps backwards compatibility

$10 Billion lawsuit filed against Craig Wright

https://www.reddit.com/r/Bitcoin/comments/80e2l9/10_billion_lawsuit_filed_against_craig_wright/

 

Is this bitcore the bitcoin core coin we keep hearing about 

But Bitcoin cash is not the real Bitcoin it's a alt fork just like every other Bitcoin alt fork controlled by a few and disliked by the masses

Give it up Bcash is dying it's on life support
You had a good run but it's time to say goodbye

It's a pump and dump scheme nothing more bitconnect created multi billions out if thin air too go figure

Everyone does seem to have gone where are all the BCH supporters everywhere you look now in the land of Bcash it's all quiet guess there all quietly sobbing in the corner.

Every attack they throw at Bitcoin it just laughs it off they are running out of ideas and money

The great mighty dragon Slayer was more like a cowardly cat

The average Bcash block reward is dropping currently just $16 this is all a BCH miner can earn as the block subsidy halves and is no more.

BCH better hope that the value can gain well into into the millions within the next 10 or so years and remain there or that transaction count is enough to fill up multiple MB of blocks within that time constantly otherwise there will be no incentive for miners to remain on the BCH chain

The only reason BCH has value is because some big players are using it to "try" and increase their wealth by spreading lies the value is being artificially propped up and eventually these big players will admit defeat and sell once they are able to bleed the newbies any longer