FTFY   
    
Do You Believe that there is a Bitcoin cartel suppressing the price of Altcoins?

UASF/UAHF was a threat by the Developers to change the algorithm excluding the ASICS.
The non-mining nodes were mere pawns, they had no power as many of them would have preferred to become mining nodes again and their desire was ignored.

Right now, if you like Poll every idiot running a bitcoin non-mining node about whether they want to be able to mine on their CPU and earn bitcoins,
the majority will say yes and their desires are ignored. (Non-Mining Nodes have No Power)
(In PoW the Miners have all of the Power and the Dev Team can threaten to change the rules and that is about it.)

Your own post above say Full Nodes are better and that while you can do extra work to try and secure a lite node, in the end , a Full Node security will always be more secure.
Using a weaker security when a stronger one is available shows you are not running a business.
Again the difference between a Business and hobbyist.

*Mining pools on a fork and you think any length of time over a few blocks is acceptable,  how long do you think a double spend takes?
Sorry unacceptable which is why the writer of the article said they should always run a full node.  
 
 

You answered your own question:

FYI:
Non-mining nodes Relay the blockchain , all you are doing is viewing a receipt of your transaction with your node.
You could just view a receipt by just confirming your transaction in a block explorer with zero costs of maintaining a node.

You are under the false impression a non-mining node gives you power, it does not , all it does is relay the blockchain.
If the miners 51% attack the blockchain and rewrite it excluding your transaction, it would also be excluded from your own node.  
Your so called validation is worthless if the miners rewrite that section of the blockchain.  
ie: The Miners secure the chain and you are their puppet in a PoW coin.  

---

Maybe if you pulled your head out of your ass, you learn a thing or two.

https://www.reddit.com/r/btc/comments/6c5xmu/bscore_says_spv_wallets_are_not_secure_has_anyone/
https://breaking-bitcoin.com/slides/SPVSecurity.pdf
https://media.rsk.co/the-design-of-bitcoin-merkle-trees-reduces-the-security-of-spv-clients/

https://news.bitcoin.com/pros-and-cons-on-bitcoin-block-pruning/
 Because let's be honest , no one gives a shit about the hobbyist node operators in bitcoin as they are irrelevant non-mining nodes.  





Class Dismissed Bob, hopefully you learned something.  

Depends,
if you choose a high inflation PoS coin, then excessive supply will cause a price drop over time as the markets become saturated.

If you choose a low inflation PoS coin, then price per coin will grow over time as its utility as a payment system grows.  

No , if bitcoin succeeds you won't be able to afford it.  It will be for the rich only.

Most likely an Altcoin with a better design and greater quantity of coins.
   

BTC is a speculative investment , it may go up in price vs fiat, it may go down in price vs fiat.

There are no guarantees it won't die in a death spiral and be labeled a Ponzi.

Time will tell. 

Wright has always been nuts.

Anyone that supposedly owns ~7% of Btc & bcash and can't move 1 bitcoin to prove it. (Lame!)

Sorry but Wright is too lame to be the original satoshi. 
With the ego Wright has , no way in hell he could have kept quiet for as long as satoshi has.

So is the btc religious stupidity dum dum,

FYI:
Btrash has the same energy failures and Centralization problems as btc, they only fixed the onchain transaction capacity, Nothing Else!
Thinking I support them makes you the moron.  



If you only accept payment in btc and only process payment in bitcoin and only pay out your bills in btc.
Then that is the only time running your own btc node wallet makes sense , no other.
And if that is the Case , Run a Full Node as the lite or pruned wallets are shit and can be tricked.

However if you have to make payments out to anyone else in fiat to cover electricity / or items of any sort to continue your business,
running a btc node is a fool's errant. As immediately converting to fiat is all that protects you from market fluctuations.

* Hobbyist are waiting for btc rises to make money , (Hobbyist don't have major operating expenses like a real business.)
* Business are making money selling a product or service and holding payment that goes down can cause bankruptcy, when they need to pay out to cover operating expenses.  

* If you take btc as payment for a product or service in most countries, you still have to pay normal income tax on it like you received fiat.
* So your tax bill will be in fiat no matter what you are thinking. *
* A Real Business Owner should know that. *

So add some details , exactly what type of business do you run that requires only btc as inflow and outflow with no fiat ever to pay an outside service or source.
So far no one but hobbyist have met that standard , which is why I answer you the way I did, if you are running a legitimate business and don't need fiat conversion,
it be interesting to know exactly what your business is?

FYI:
If you are a tax evader/criminal as one of your statement leans toward,
btc is an open ledger so easy to track you, you be better off with one of the anon coins such as monero or zcash.

Just because Barry Silbert pulled a # out of his arse does not make it true.

Fact: Bitcoin Mining is extremely wasteful for the Pathetic Onchain Transactions Performance it offers.

    
Flaws in LN (Lightning Network). 
https://bitcointalk.org/index.php?topic=5031079.0

I believe you been living in PoW land for too long,
Proof of Stake Coins such as Blackcoin , MintCoin , and several others all run a PoS only coins derived from the Peercoin original design.
Sunny King invented Proof of Stake,  trying to act like Eth is Proof of Stake is nonsense.

The casper protocol, the fact Eth devs actually pretend that N@S is a issue, when it is a fairly tale for the PoS illiterate to believe.
Now the Random hardware nonsense, Eth proof of stake will depend directly on their smart contract system ,
No Real Proof of Stake coins have the security risks that eth bastardization using smart contacts based PoS will have.

Eth is making a PoS Frankenstein creature that is not really proof of stake.
Sorry to burst your bubble.
Ethereum is not the True PoS coin you are looking for.
It is merely a hype driven over complicated smart contract hybrid and odds are when the security breaches to it happen.
Morons will all scream see PoS is unsafe, when the fact is PoS is Safe , but this bullshit Eth is doing is not.  


I been studying True PoS coins for years, and their are many to choose from, Ethereum is not now and won't be later a True PoS coin.

---

Government won't buy hardware to pull off a 51% attack,
they will capture Wu Family and Coerce him into performing one just as any Major Power like US, China , Russia or Europe could do.
* How many of the new design Antminers do you thing Wu's Company has been running before they start selling to the public,
 they been out competing the other PoW miners that buy ASICS from them for months, and now they sell them to the public starting today,
and you really don't think they have been profiting off of them at least all summer.  
* Oh and for the posers that think Wu does not have 51% thru multiple sources, the government can always procure his and then shoot tomahawk missiles into the other warehouses making Wu 100% not just 51%, that is the danger when your operation requires so much energy you can't hide it. *
PoS can be run off a laptop in a coffee shop and moved daily to secure it from direct military attacks like what can easily destroy bitcoin.


You lugnuts , always claim it is so easy to buy some coins and boom, put your money where your mouth is.
Pick any and I mean any PoS coin with a marketcap over $1 million dollars and show us how you break it.
Because I call you out on that it is so easy line, so put up or shut up.  
Or did you just want to admit you're flaccid now.

Gmaxwell made up most of the PoS fairly tales, he is supposed to be well off financially ,
why don't you PoW lugnuts ask him to kill a PoS coin to prove he was not lying the entire time.
Disclaimer : Gmax is one of the mods in this very forum, I know you're one of the posers censoring my posts.
He could at least write a multi staking client to at least give his N@S Lie a smidgen of credibility.

As him to sign a contract with you if btc does not meet his price prediction, he owes you $1000000 .
The you can watch him back pedal.
He won't put his money behind his words. 

The people that told you that , were idiots.
Their are btc religious fanatics with alot of stupid ideas.

A non-mining node makes little difference in the real scheme of things.

Pick a vendor that offers you that as a service and let them worry with the headaches of BTC IT Maintenance.

* The question for you to decide is do you want to run a node for free (for greedy miners)
or do you want your valuable time being spent directly on your business. *

Simple question to help you decide.  


FYI:
As a Business owner you really don't want to be holding btc as a policy ,
what you want to do is convert from business earnings directly to fiat as quickly as possible,
so that btc price fluctuations don't destroy your profits or your business.
* The drop of btc from $20000 to ~$6000 in less than a year should make that apparent to all. *

Doubt it.
They are running on forked chains, because they never updated.

Message for the following IPs
You are running the wrong clients
71.163.168.186  on the Verizon Network in the US
89.73.46.48        on the Upc Polska Network in Poland
78.46.92.72        on the  Hetzner Network in Germany
84.192.174.204   on the Telenet Network in  Belgium

You 4 are running outdated clients that can not stake on the network.
 Go to the OP of this topic: https://bitcointalk.org/index.php?topic=487814.0

Download Latest Wallet : Ver 2.0.2.1  
And use the Blockchain Snapshot to get updated fast

Staying on the older clients ,before ver 2.0.2.1
just means you are wasting your time and electricity as none of the coins generated on the older clients will be accepted by the current network.

Peercoin dormancy period 90 days
Tekcoin  dormancy period 30 days
Mintcoin dormancy period 20 days
Zeitcoin dormancy period  1 day  

You think you have enough of any of those coins to maintain control for that many days over everyone else.

What I saying is you can't block all of the transactions in a PoS network like you can in a PoW network.

And you would need alot more than 51% to even try it.

* IF a Bitcoin miner has 51% , he can basically find every single block in a row and therefore 100% control what transation are or are not included.
* In a PoS network even if the holder had 70% , he still be unable to find every single block in a row and control the transaction like what a PoW miner can do.
(The Dormancy period prevents constant control in PoS like what a PoW miner has.)

FYI:
The Dormancy period is the time before a block of coins is eligible to stake again after staking.
Staking weight is never constant as coins using coin age , # of coins are multiplied by the time since last staked.
So the more you split those coins into more blocks the less your chance of staking quickly.
As far as the little guys go that can't afford alot of coins, there best option is to combine all of their coins in 1 block and then use coin age to multiple that amount so it can earn new coins.  And the little guy that can only afford a few PoS coins has a snowball chance in hell of affording to mine a bitcoin.
PoS network have a greater degree of the Chaos effect protecting them , as you never know how many coins will be staking at a given time.

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Deleted Posts by ASSHATS MODS



* @Lauda, I was going to leave btctalk for good, Until I saw your endearing message in my trust score, because of your concerns , I am going to stay.    
* Alert your minions the game is now afoot.*

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Hmm,
There is no technical reason that the block size can not be increased to 8MB with no real concern.

The other side makes an argument , the increased blocksize will cause less people to run full non-mining nodes.

The problems with their argument is this, Bitcoin Cash has proven 8mb is doable without any major issues,
Bitcoin Cash increase to 32 mb is too much too soon as their 8mb blocks were not even full.

The Facts are this those bitcoin non-mining nodes receive no income to run a node, where as a Dash Masternode or a PoS Node do earn income.
They really have no financial incentive, except safeguarding for FREE , bitcoin specs.

Why the others think people are going to keep providing free service when miners rake in all the money is beyond me.

Fact , a BlockSize increase would increase transaction capacity, 8MB has proven not much of a strain at all even for Bitcoin Cash who moved to 32 mb.
*Even moving to a real 4mb block size and not that 4mb weighted segwit nonsense would have had more transaction capacity.*

There other argument is increasing the blocksize won't really scale, the problem with that is they don't need to scale to match visa, they only need to scale to match what bitcoin requires, which 8 mb would handle easily for the foreseeable future.

The real reason they want to hamper bitcoin onchain blocksize is to force people to use their offchain solution called LN.
LN will eventually enact a fractional reserve system like the Banks are used too.
It was their diabolical plan all along , IE: The Banks that were funding bitcoin development.
https://www.ccn.com/mastercard-wants-to-patent-a-fractional-reserve-cryptocurrency-bank/

Of course they deny it, and the people posting in this forum are clueless to the above, but it is the real reason they never actually wanted to improve bitcoin's on chain transaction capacity. Time will show you the truth, just keep looking for new articles about crypto and enacting a fractional reserve, as the banks plan for you to think you thought of doing it instead of them.

Little Side Node:
The Miners do have a hail mary pass that can kill the LN network, whether they use it or not is up to them.
It is called a 51% Ignore Segwit Attack and merely by refusing to add segwit transactions to their blocks, they can literally kill the LN network.
So the Bankers Victory over Bitcoin is not written in stone yet.  Time will tell.

FYI:
Bitcoin could easily increase their nodes just by paying small % of the mined blocks to the node system, like Dash does.
So the Node operators could cover their expenses without worry. Not going to happen however, btc miners too greedy.

@ WindFury,

Ok you want a coin picked for you by someone else,  You go with Blackcoin as your PoS Choice.

PoS coins go dormant after they stake , No PoS holder can maintain dominance over a PoS network if his coins are dormant.
This dormant period gives other stakers a chance to stake, Bitcoin PoW does not have a dormant period.

Chinese miners which (Bitmain is 1) have ruled for over 2 years with ~70% ,
Sorry no signs of them losing power whatsoever, in fact with the recent price failures of bitcoin to return above $10000,
those Chinese miners are in a better position to not only maintain their % , but increase it.
That is the advantage to getting in early, they already have the infrastructure and experience required.
Enjoy that silly hope that they will be dethroned.  

In the meantime , Bitcoin Miner do have perpetual power over your money ,
however due to the dormancy period No PoS coin holder has perpetual power over your transactions.
If you can't grasp that , that failure of understanding is on you and no one else.

To try and make you think , answer this:
If a PoS holder never sells any of his coins , exactly where is the profit for him?
What good is his ever growing % of coins, if he never exchanges any for worldly goods?

Once you realize the answer to that,
it becomes apparent the PoS holder will always sell a % of his coins which will decentralizes a PoS network.
In Contrast to
a PoW Network where the PoW miner can sell 100% of his coins and still keep centralized control over the PoW network using his ASICS.

A Low Inflation PoS Design moves toward Decentralization or the PoS holder never profits.

A PoW Design moves toward Centralization as only the elite rich can maintain it insane energy arm race.


FYI:
Sidenote: PoW coins like Bitcoin allow the miners to choose transactions based on what fee price is payed,
Approving or Denying transactions if you don't pay their current extortion rate of the day

The Majority of PoS coins , charge a fixed low rate fee with no refusals or delays waiting approval from the staker,
also the transactions are entered in the order of appearance not a random order like PoW, (where higher fees jump in front of the line.)

The Standard PoS wallets don't have an option to refuse transactions,  they process all transactions in order by default.
Just another reason PoS is superior to PoW. Increase fairness and reliability in transaction processing.

FYI2:
ZEIT for example can process Maximum Transactions Capacity ~12 million transactions per day Onchain
Bitcoin Onchain Maximum Transaction Capacity even with Segwit is inferior to ZEIT transaction performance.

ZEITCOIN is my pick.

I know for certain it has the power to survive & thrive.