News for hackers. Stuff that matters.

A comment on BitPay Will Process Payments on Multiple Blockchains, Starting with Bitcoin Cash. Parent comment

Re:BitPay Will Process Payments on Multiple Blockchains, Sta... by Frogolocalypse on Friday December 15, 2017 @09:30PM (#15937082)
A peer, in bitcoin, is a node. If you don't run a node, or indeed if you can't run a node because of its resource requirements, you aren't a peer.

Bitcoin : Peer-to-peer cash.

You went right over the first part, and only talk about the second part, even though in the first part, the word 'peer' is used twice.

[ Parent | on HN ]
Re:BitPay Will Process Payments on Multiple Blockchains, Sta... by theadamp on Saturday December 16, 2017 @02:41AM (#15938375)
"The current system where every user is a network node is not the intended configuration for large scale. That would be like every Usenet user runs their own NNTP server. The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate." - Satoshi Nakamoto

https://bitcointalk.org/index.php?topic=532.msg6306#msg6306

[ Parent | on HN ]
Re:BitPay Will Process Payments on Multiple Blockchains, Sta... by Frogolocalypse on Saturday December 16, 2017 @03:17AM (#15938467)
160,000 nodes have a different view than your selective quote, and they control consensus.
[ Parent | on HN ]