The Myth of Bitcoin Full Nodes - "Everyone should run a full node to keep BTC decentralized.” FALSE!
Most people have been misinformed, and lied to, about everyday users needing to run full nodes. This video is an honest explanation of full nodes' purposes and who should be running them, as well as the alternative "SPV" (Simplified Payment Verification) clients that most people should be using.
Please share this video with anyone who misguidedly thinks we should all be running full nodes. This video elegantly dismantles the idea that running a full node is somehow a good solution for every user.
Book: Hijacking Bitcoin, Chapter 6
This book and audiobook was written by Roger Ver and Steve Patterson. Full credit goes to them. As such, I have disabled monetization on this video so as not to profit from their work. Please support Roger and Steve by buying their book and audiobook at hijackingbitcoin.com
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Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.
#bitcoin #btc #crypto #cryptocurrency #cbbi #news #blockchain #price
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