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Peter Todd: SPV Client Majority Could Lead to Miner Malfeasance
« on: October 07, 2015, 01:12:15 PM »
Peter Todd: SPV Client Majority Could Lead to Miner Malfeasance

  The Simplified Payment Verification protocol was envisioned by Satoshi Nakamoto in the Bitcoin white paper. He also mentioned it later on, saying that he figured the future would involve most people using such things. I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it's not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions. If you're not familiar with what an SPV client is, it's a Bitcoin wallet like Electrum, which connects to a server and trusts it, rather downloading its […]


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