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November 26, 2017, 03:22:41 PM |
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Sounds like a pretty convoluted presentation to me. A lot of "TBD" (to be debated) stuff. Also they don't claim at any moment that people will be able to verify their own transactions. At the end when they take only 2 questions, one of the questions is how is he going to be supposed to keep running a node, and Peter Rizun tells him to use an SPV wallet, then the guy in the audience asks "how secure is that", and *crickets* happen, then Andrew Stone tells him to buy a new computer basically, but I still don't see how even with the most powerful computer in the market this is doable, and also they don't address orphan blocks issue and so on as far as I can tell.
In any case you already know what Craig Wright thinks about people running full nodes. It is simply not part of their model. They claim that as the Bitcoin economy growths, so will nodes, even if less and less people can afford running their own. The question is how decentralized is that.
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