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Author Topic: [2014-06-06] Business Insider: It's Clear That The Future Of Bitcoin Is Not In T  (Read 514 times)
kjlimo
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June 10, 2014, 04:39:10 PM
 #1

http://www.businessinsider.com/bitcoin-is-going-to-take-off--just-probably-not-thanks-to-anyone-you-know-2014-6

I think they are forgetting that the US has the most off blockchain traffic (I'm assuming that's right), which would make these stats look low in the US.

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devthedev
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June 10, 2014, 05:19:01 PM
 #2

Only 10 nodes per million people? I would've thought it'd be more in the US...

kjlimo
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June 10, 2014, 05:27:49 PM
 #3

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
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devthedev
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June 10, 2014, 05:28:52 PM
 #4

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

kjlimo
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June 10, 2014, 05:32:51 PM
 #5

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

How does that support the network?

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
devthedev
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June 10, 2014, 05:36:37 PM
 #6

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

How does that support the network?

If you're using lightweight clients like Multibit you're just backpacking off the people using the satoshi client. Running a full node helps protect the network.

kjlimo
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June 10, 2014, 05:38:34 PM
 #7

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

How does that support the network?

If you're using lightweight clients like Multibit you're just backpacking off the people using the satoshi client.

from the stand point that you're not storing a copy of the blockchain on your own personal computer?  I agree, but are we really at risk of losing the blockchain?

The miners are validating it...

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
devthedev
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June 10, 2014, 05:43:38 PM
 #8

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

How does that support the network?

If you're using lightweight clients like Multibit you're just backpacking off the people using the satoshi client.

from the stand point that you're not storing a copy of the blockchain on your own personal computer?  I agree, but are we really at risk of losing the blockchain?

The miners are validating it...

One of the reasons why lots of nodes are important is redundancy.

Quote
“It makes [the bitcoin network] ‘seem’ bigger, more robust and more decentralised, because there are more people uniting to run it. So there’s a psychological benefit.” - Hearn

kjlimo
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June 10, 2014, 05:46:47 PM
 #9

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

How does that support the network?

If you're using lightweight clients like Multibit you're just backpacking off the people using the satoshi client.

from the stand point that you're not storing a copy of the blockchain on your own personal computer?  I agree, but are we really at risk of losing the blockchain?

The miners are validating it...

One of the reasons why lots of nodes are important is redundancy.

Quote
“It makes [the bitcoin network] ‘seem’ bigger, more robust and more decentralised, because there are more people uniting to run it. So there’s a psychological benefit.” - Hearn

Fair enough; just wanted to make sure the reason was not that important, but kinda important.

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
Ron~Popeil
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June 10, 2014, 09:21:47 PM
 #10

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

How does that support the network?

If you're using lightweight clients like Multibit you're just backpacking off the people using the satoshi client. Running a full node helps protect the network.

If you run QT you have a node is that correct?

kjlimo
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June 10, 2014, 09:39:45 PM
 #11

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

How does that support the network?

If you're using lightweight clients like Multibit you're just backpacking off the people using the satoshi client. Running a full node helps protect the network.

If you run QT you have a node is that correct?

That's my understanding... but I don't consider the number of nodes a crucial result

Coinbase for selling BTCs or Vircurex for trading alt cryptocurrencies like DOGEs
CoinNinja for exploring the blockchain.
PM me with any questions on these sites!  Happy to help!
Ron~Popeil
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June 10, 2014, 10:19:47 PM
 #12

Only 10 nodes per million people? I would've thought it'd be more in the US...

I'm thinking most people don't use the original satoshi client

Although lightweight clients look nicer, I'd prefer to run the satoshi client to support the network. Others should do the same  Roll Eyes

How does that support the network?

If you're using lightweight clients like Multibit you're just backpacking off the people using the satoshi client. Running a full node helps protect the network.

If you run QT you have a node is that correct?

That's my understanding... but I don't consider the number of nodes a crucial result

That is why I use it. Even if it helps a little I am happy to do it.

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