You are viewing a single comment's thread from:

RE: We can now use Visa to pay Bitcoin network transaction fees!

in #bitcoin8 years ago

Sure, running a full node helps. Make sure you have port forwarding enabled for your router as well. You can get the software here: https://www.bitcoinunlimited.info/ and check our percentage of the network here: http://nodecounter.com/
Don't forget to tell all your Bitcoin friends too!

Sort:  

This is the real problem with the Bitcoin model. There's so little ordinary users/stakeholders can do to hold miners accountable. We can sell our Bitcoin, and they are accountable in a loose sense to the Bitcoin price, but it is such a costly form of protest. Further, there is an argument to be made that Bitcoin miners don't actually want the Bitcoin price to rise in the same way stakeholders do. For a Bitcoin stakeholder like yourself, a price rise is pure gain. For miners the story is different. A rising price draws in more mining competition, and the difficulty adjusts as a result. A quickly rising price may justify R&D costs for those competitors, which would not be justified by a more stagnant Bitcoin price. As a result, for many miners, a quickly rising price may mean that their hardware becomes obsolete sooner, which is contrary to their financial interest.

Coin Marketplace

STEEM 0.20
TRX 0.20
JST 0.034
BTC 90227.69
ETH 3079.14
USDT 1.00
SBD 2.93