-snip-
For security???
There are light wallets, why make another one?
I don't think it will ever hit a Terabyte, but a light wallet is needed.
People that are new to bit coin tend to want the "official wallet." I bought my first bitcoin two weeks ago and don't feel at all comfortable with the thought of using any other wallet. If there were a light version of the QT wallet it would make people like me more comfortable about using a light wallet.
#1 get your quotes in order, it looks like I said that -_-
#2 there is no official wallet
#3 you have assumptions that are wrong, that is not the fault of the bitcoin-core devs or the devs that develop a solution for your problem.
-snip-
Plurality is also a factor of security.
Once a dev shuts down its wallet for whatever reason, what will you do?
Whut?
MultiBit uses regular bitcoind machines to get it's block information from.
There isn't a central "multibit" server - it uses the Bitcoin network directly.
There is a multibit.org machine but that is just a webserver for downloading the installers, the multibit help and a config file to indicate when there are new versions available.
Nothing would happen.
Even if you used electrum (they actually have servers AFAIK) I can just export my private keys and import them somewhere else.
I run a full QT wallet node for security and to help the network. It uses only around 60 mb on my 1 tb hard drive. Storage options are always growing as well. A light version of QT would be helpful for beginners, but less nodes means less security doesn't it?
Less nodes probably means also slower confirmations of transactions.
But this shouldn't be a real problem, as the userbase widens, also full nodes will be more.
I would hold a node up as well if I didn't have this crappy connection.
Most nodes do not confirm transactions. They verifiy them. What you are think about are miners, they are technically also nodes, but thats besides the point. Usually when people say "node" they dont mean miners.
But anyway, what I wanted to put the accent on, is that this file is becoming large and annoying.
I don't want to say that you can't deal with it, but the world is NOT USA, there are other countries.
I am not from the USA. If your connection is crap, use a light client. That is what they are for.
With my connection, in that shit of country named Italy, I need more than two days to download the whole blockchain.
So? Dont download it. You can not contribute to the network anyway if your connection is shit.
You just leech and contribute nothing. You are not helping the network you are leeching its resources.
Some of the devs talked about it years ago and to sum it up: if you have a crappy connection dont use bitcoin-core.
https://bitcointalk.org/index.php?topic=124319.0No, that wasn't my point.
If you have a path A -> B -> C and B doesn't listen, then A could just connect directly to C (one socket used) and get the same results as if B connected to A and C (two sockets used).
Space is not so much a problem FOR ME, as I have over 3 TB of hard disks, but many people have old computers, they are not geeks or nerds and are only interested in disconnecting themselves from banks and saving their money.
So nice that there are people that made a solution for them.
Not to mention people going around with tablets and smartphones. You can't ask them to fuck up all their memory with the blockchain.
Did you ever install a bitcoin app? They are very small.
What I want to pass on over here is that NEW USERS will get annoyed by this, and I think there's no doubt this file IS a bit heavy.
And I want to pass over that if Bitcoin will boom, like everyone of us hopes, the transactions number will grow exponentially.
Then what will you do if you go on 4GB per month growth of the blockchain size?
Better solve this problem now, I think.
There is no problem.
Newbies will most likely visite this site very early
https://bitcoin.org/en/choose-your-walletand if they read what is written there, they will make a pretty good decision even though they do not know the details behind it.
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What problem? There are multiple ways to use Bitcoin without holding a local copy of the block chain. The average user won't have a local copy and that is fine.
Exactly. There is no problem here. IMHO its just someone spreading FUD to make money
http://www.coindesk.com/bitcoin-nodes-need/"Get your full node here and support the network for only 9.99$" - Which is nice, which (if done right) will support the network. But there is no
need for this.
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