CurtisMorseLLD

Music

So with the Blackrock spot ETF looking like it will become a reality, I've been thinking about this. 
Let's say that Blackrock wanted to impose a change to the consensus rules, they could use their money to spin up thousands of bitcoin nodes running their software/consensus rules and form a majority. 
There are currently about 50k ish btc nodes (https://luke.dashjr.org/programs/bitcoin/files/charts/historical.html) and that is nothing for a big player to top. 
Assuming a crazy expensive cost of US$ 1000 per node, with like 55 million dollars they can have a majority of nodes. That is pocket money for someone like Blackrock. 
With that in mind, shouldn't we be focused more on increasing the number of plebs running nodes instead of focusing on a "security budget" that may or may not become a problem several years from now?
Or am I just missing something? 

What if a malicious actor spun up 1000's of nodes?

Punishment is a Public Good

GavinEatonTI6

That’s just because you’re a frequent zapper!

bitcoin

Black Friday & The Diderot Effect

AngieStafford181

GM, y'all. Made my first p2p bitcoin trade yesterday. Used Robosats. Even though I watched a tutorial on how to go about this, I still found it an ordeal. There was only two people online and available to sell. It's cool though. I got the process down, and know what to do in the future.

news

The bitcoin beginner’s guide to Public Key Encryption

JoannLawrenceZ30

Plans oh so many plans. In order of operation likely:

1. add autowithdrawal to lightning address
2. add autowithdrawal to by other means (lnc, commando, etc)

@ekzyis has just completed invoice-based (rather than from SN's custodial wallet) zapping/posting/commenting which will allow us to (when paired with the above) do

3. bidirectional noncustodial wallets (lnc, commando, nostr wallet connect, mutiny embed?, etc)

The custodial wallet will likely remain and can be paired with any of the above.