From d69678715d25cd784a1d26b79c3548f2bef3298f Mon Sep 17 00:00:00 2001 From: wakgill <76528604+wakgill@users.noreply.github.com> Date: Tue, 5 Jan 2021 22:23:53 -0600 Subject: [PATCH] Update lexicon.md --- lexicon.md | 9 ++++++++- 1 file changed, 8 insertions(+), 1 deletion(-) diff --git a/lexicon.md b/lexicon.md index 7c68867..d9b7dcb 100644 --- a/lexicon.md +++ b/lexicon.md @@ -33,7 +33,14 @@ Bitcoins are sent to and from bitcoin addresses, which are essentially random nu ### [Re: Bitcoin open source implementation of P2P currency](/docs/emails/p2p-research/1/) {: .no_toc } -The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.
+The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible. + +## Nodes + +### [Re: More BitCoin questions](docs/emails/mike-hearn/12/) +{: .no_toc } + +As things have evolved, the number of people who need to run full nodes is less than I originally imagined. The network would be fine with a small number of nodes if processing load becomes heavy. ## Scaling