We need to lower the blocksize!


One of the core principles of Bitcoin is that it is a decentralized system that enables users to transact with each other without relying on third parties such as banks or governments. This decentralization is achieved through the use of a public ledger called the blockchain, which records all Bitcoin transactions.

The key factors that has allowed Bitcoin to maintain its decentralized nature is the relatively small block size limit. This limit ensures that the blockchain remains manageable and can be stored and validated by a large number of independent nodes around the world.

However, as Bitcoin has grown in popularity, there has been pressure to increase the block size limit in order to accommodate more transactions per block. This pressure has come from both users who want faster transaction times and from miners who want to earn more fees by processing larger blocks.

While increasing the block size limit might seem like a reasonable solution to these challenges, it actually undermines one of the fundamental principles of Bitcoin: the ability of individual users to verify the entire blockchain themselves.

By increasing the block size limit, the size of the blockchain will grow much faster, making it more difficult for individual users to download and verify the entire blockchain on their own. This undermines the "don't trust, verify" idea behind Bitcoin, as users will increasingly have to rely on third-party services to access and validate the blockchain.

Furthermore, larger blocks increase the risk of centralization in the Bitcoin network. As the size of the blockchain grows, it becomes more expensive to run a full node, which means that fewer individuals and organizations will be able to do so. This could result in a situation where only a few large players control the entire Bitcoin network, which goes against the decentralized nature of the system.

In conclusion, lowering the Bitcoin block size limit is a compelling solution to ensure that the blockchain remains manageable and can be verified by individual users. This maintains the decentralization that is at the core of Bitcoin and helps ensure that the system remains truly trustless.

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01 June 2023
Nobody should suggest using a Raspberry Pi for running a Bitcoin node in 2023!!! \ stacker news ~bitcoin
rPi 4 are Weak, NOT cheap, Old (2019), and NOT power efficient (compared to a modern low voltage CPU) I've been testing almost every Node in a box on rPi, and all the bad experiences below did happen to me at least once. rPi were designed in and sold as cheap toys to learn and experiment on DIY project using GPIO pins. They need assembly, heatsinks, screwing fans, plugging cables to the right PIN, ect ect. Come with cheap unpredictable fans that often don't last. The 5v3A power supply that comes with it most of the time is cheap and breaks. rPi only takes in 5 volts over that USB-C, some high quality power supply delivers ~4.9v and will trigger under voltage instability and throttling. Most newer, high quality power supply WILL NOT WORK, as they will try to jump up the voltage to 9, 12 or 20v instead of staying on 5v 5 volts mean that a high quality USB cable of relatively short length is required to make sure there are no voltage drop on that low voltage line. It's near impossible to find a charger that is above 2 AMP while the rPi needs 3A depending on the attached storage. Installing the OS on an SD card will lead to more corruption if the power is lost to the rPI The SD card has low and unpredictable write count. The SD card will become read only after a while. There is no way to attach HDD storage without a extra active USB to SATA adapter. This USB adapter is unpredictable and unreliable, might break on you, Might only work at USB 2.0 Speed No way to install the hard drive in a clean way, Most of the time the drive is left dangling on it's cable or is being taped to the bottom of the the rPi casing. The USB to SATA interface is slower than direct NVME or SATA connection. Being digitally sovereign is not ONLY about running a Bitcoin node to verify your transactions. Doing ANYTHING more than running a Bitcoin Core and a light electrum server (electrs) to verify only a small personal wallet will tax your rPi beyond it's limit. For about 100$ There are used, field test, computers that are about the same size, made of metal, 10 times more powerful, 2+ times the ram, Have ports for direct attachment of SATA and NVME drive. Wifi, Bluetooth, Have a very reliable power supply. All you might want to do it swap the HDD for a bigger 1 or 2tb one and boot from a USB stick to install a new Linux OS. The Electricity savings are ridiculously not worth it give the hassle. Each savings of 5 watts is equal to (0.005kwh) * 0.07 * 24 * 365 = $3.00 Link to Optiplex Micro search : https://www.amazon.com/s?k=optiplex+micro&s=price-asc-rank&crid=7OE2N02FZZIG&qid=1685628318&sprefix=optiplex+micro%2Caps%2C131&ref=srstprice-asc-rank [22 comments]