BitcoinCash/nakamoto-archive
1
Fork 0
Code Issues Pull Requests Releases Activity

Update lexicon.md

Browse Source
This commit is contained in:
wakgill
2021-01-05 22:23:53 -06:00
committed by GitHub
parent 6789ab4f0c
commit d69678715d
1 changed files with 8 additions and 1 deletions
Download Patch File Download Diff File Expand all files Collapse all files
lexicon.md
+8 -1
View File
@@ -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.<br>
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