None have shown it to be a weak argument. None. If you could post your links so that HN can see the kind of pseudo-science the Bitcoin community has had to put up with, it would be much appreciated.
That's it. Remember that decentralization in bitcoin concerns miners, and miners only. 'Nodes' in the whitepaper are synonymous with miners.
Non-mining wallets need to have enough bandwidth to download blocks from miners as they appear. For 1GB blocks 20Mbps is enough. Which means a full verifying wallet for 1GB blocks is practical on a LTE connection.
Storage is also a non-problem with utxo commitments.
You can only say this if you're too ignorant to be worth a damn on the subject, or are insane enough to think that the people who have developed the protocol for the last 8 years are all misguided. If you launch into some conspiracy about Blockstream, Inc., then we'll know it's a combination of both.
> Remember that decentralization in bitcoin concerns miners, and miners only
And exchanges, merchants, consumers. If you have a stake in the ledger by owning or accepting BTC, then you have a stake in the monetary policy of BTC. If you have a stake in the monetary policy of BTC, then you can only hope to enforce it (or attempt to change it) by running a node.
That's before the mathematics of bigger blocks, where the decentralization of miners is threatened even by a 2 MB block size, as those with more hash rate get another bonus due to the latency increases of even a 1 MB block size increase.
If all that mattered in Bitcoin was the decentralization of miners, this game would have been over a long time ago. Anybody who thinks that even a landscape of thousands of miners, pooled by very few pools, is decentralized enough on its own, without others validating and auditing the blockchain, is too capable of assumptions to be let near engineering.
Why does every currency that has ever existed get devalued into dogshit by its policymakers? Every currency dies because those close to the mint can afford devaluation more than those further from it.
This is completely ridiculous. If someone can't send 2MB of data across the network in less than a few seconds, then of course they shouldn't be mining.
Argument from authority
>where the decentralization of miners is threatened even by a 2 MB block size
proof by assertion
>is too capable of assumptions to be let near engineering.
ie 'u dumb'
I'm sure you convinced many people with your thoughtful comment. :)
Proof by assertion i.e. leaving off the second half of a sentence and leaving only the assertion.
ie 'u dumb' i.e. I have picked up on that you are calling me dumb and can only reply by misusing Debate 101 nomenclature.
Regardless, from what I heard it's not a problem anymore. Even if it was, allowing 'fast passage' for bitcoin blocks seems like a obvious course of action for the Chinese government, it's just another export industry at this point.