Comment

Comment by simias

Having satellites broadcasting the blockchain is a good step to make the network resilient but it doesn't prevent governments messing with miners. A great disturbance would occur should china decide to unilaterally shutdown the miners on its territory for instance.

Furthermore unless I'm missing something these satellites broadcast the blockchain but don't relay new transactions. That means that if I'm stuck in some place without internet access I can use the satellite network to keep my copy of the blockchain up to date but I still can't make new transactions, effectively making it useless. I guess they could expand their services to allow for satellite transaction relay but that sounds very expensive.

parent simias 9 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton