“So, what people call “SPV” today, is actually the practice of trusting the hashrate majority not JUST to prevent doublespending, but to properly verify and enforce Bitcoin rules.” @giacomozucco
The Twitter Thread:
You guys know that I have a fetish for analogies, so bear w/ me about this one. Thesis: if Bitcoin is digital Gold, then the (pseudo)"SPV" model for light nodes is digital Coinage, w/ basically the same trade-offs & risks. Argument development following in this tweetstorm:
— Giacomo 80 IQ HODL Zucco⚡️🌋🧀💀🧻 (@giacomozucco) June 20, 2018
Thread Reader Unrolled:
https://threadreaderapp.com/thread/1009281116837175296.html
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