One thing the Genesis upgrade is making me realize (even mo…
One thing the Genesis upgrade is making me realize (even more) is how absurd it is to run node software w/out mining.
Zero incentive to do so. What is the incentive to process a complex script that takes up significant CPU resources when you can't be paid?
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What is the incentive to process and validate a 500 MB block when you are not collecting the fees?
Whoever are running nodes in AWS need to seriously come up with a plan ASAP.
f the transaction volume spikes and people start creating weird scripts...
You can find your business disrupted, your customers pissed off and a large bill for absolutely nothing in return.
Nodes are miners, 'full stop'.
Everything else is a Sybil attack on Bitcoin.
would love your thoughts about how unwriter is preparing his tools and nodes for this. im sure he has thought about it ;) . maybe we can talk about this over dinner in Jan