Luke Dashjr [ARCHIVE] on Nostr: 📅 Original date posted:2015-06-16 📝 Original message:On Tuesday, June 16, 2015 ...
📅 Original date posted:2015-06-16
📝 Original message:On Tuesday, June 16, 2015 3:30:44 AM Kevin Greene wrote:
> Would SPV wallets have to pay to connect to the network too? From the
> user's perspective, it would be somewhat upsetting (and confusing) to see
> your balance slowly draining every time you open your wallet app. It would
> also tie up outputs every time you open up your wallet. You may go to pay
> for something in a coffee shop, only to find that you can't spend your
> bitcoin because the wallet had to create a transaction to pay to sync with
> the network.
>
> Also, users of centralized wallet services like Coinbase would not have to
> pay that fee; but users of native wallets like breadwallet would have no
> such option. This incentivizes users to use centralized wallets.
>
> So this is kind of imposing a worse user experience on users who want to
> use bitcoin the "right" way. That doesn't seem like a good thing to me :/
SPV isn't the "right" way either ;)
If you're running a full node (the real "right way"), you should be able to
earn more bitcoins than you pay out.
Luke
Published at
2023-06-07 15:38:05Event JSON
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"content": "📅 Original date posted:2015-06-16\n📝 Original message:On Tuesday, June 16, 2015 3:30:44 AM Kevin Greene wrote:\n\u003e Would SPV wallets have to pay to connect to the network too? From the\n\u003e user's perspective, it would be somewhat upsetting (and confusing) to see\n\u003e your balance slowly draining every time you open your wallet app. It would\n\u003e also tie up outputs every time you open up your wallet. You may go to pay\n\u003e for something in a coffee shop, only to find that you can't spend your\n\u003e bitcoin because the wallet had to create a transaction to pay to sync with\n\u003e the network.\n\u003e \n\u003e Also, users of centralized wallet services like Coinbase would not have to\n\u003e pay that fee; but users of native wallets like breadwallet would have no\n\u003e such option. This incentivizes users to use centralized wallets.\n\u003e \n\u003e So this is kind of imposing a worse user experience on users who want to\n\u003e use bitcoin the \"right\" way. That doesn't seem like a good thing to me :/\n\nSPV isn't the \"right\" way either ;)\n\nIf you're running a full node (the real \"right way\"), you should be able to \nearn more bitcoins than you pay out.\n\nLuke",
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