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by weddpros 3154 days ago
Majority of participants in the network. I run a full node, I don't mine, but my voice counts. Of course I don't like the weight of huge mining farms, and I hope there will be viable alternatives to proof of work, to make BTC more democratic.

In the meantime, not a single country controls BTC, and even heavy weight miners can't decide unilaterally...

2 comments

Is it the majority of nodes, then? If I run ten nodes and you run one, I get ten times as many votes as you?
Only miners really matter, if you only have a full node you don't have control over the network, just the ability to verify it. You will have to follow wherever the miners lead you.
The following is just my understanding, correct me if I'm wrong:

People don't connect directly to miners. They connect to nodes (8000+) which forward to miners. Nodes can declare an order is valid or invalid and they can blacklist bad-behaving miners. They can refuse nodes/miners that signal a change they don't agree with.

So I think full nodes are VERY important in the network and their voice counts. That's why I'm running one.