It also sucks because you've got to have an entire replica of every transaction that's ever been made in order to actually make a transaction yourself. Which means in reality it's not much different than regular banks. The cost of entry is obviously a lot lower and it's harder to shut someone out of the network, but it isn't like it's providing some amazing new thing that improves "freedom" or whatever.
Of course Elon_Musk would point this out :disgost: Okay I guess it's not quite that bad, but it still relies on others who do have the whole chain right?
It also sucks because you've got to have an entire replica of every transaction that's ever been made in order to actually make a transaction yourself. Which means in reality it's not much different than regular banks. The cost of entry is obviously a lot lower and it's harder to shut someone out of the network, but it isn't like it's providing some amazing new thing that improves "freedom" or whatever.
Most coins have services to “tree shake” so you don’t need all the transactions to transfer money between two wallets, just the relevant blocks
Not true. Even the Bitcoin core wallet has pruning. Although if you're a purist you would have the whole chain.
Of course Elon_Musk would point this out :disgost: Okay I guess it's not quite that bad, but it still relies on others who do have the whole chain right?