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Can you please explain Bitcoin Core to me?
58 sats \ 2 comments \ @ogi099 13h bitcoin_beginners
Hey, some time ago I just decided to run Bitcoin Core on my laptop, it took about 2 months to synchronize blocks, and today, finally - that green bar counting time has disappeared! I don't even know why I did it as a total beginner, who is just stacking lovely sats and accidentally got a lot of life-changing knowledge during the process, but here we are :)
My question is - whats next? What are actual benefits for me or chain? I have only heard that 'running node is as simple as running core' - but how can I verify if it is actually doing things its supposed to do? What is actual utility? Is it safe to create wallet and hold some sats on this software? Because for now I'm using Electrum and honestly don't see a reason to migrate.
I hope you tell me more, because I feel like there is much more than I know for now
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10 sats \ 0 replies \ @DarthCoin 13h
whats next?
NOTHING.
What are actual benefits for me or chain?
NONE. Seriously. You run a bitcoin node for YOURSELF
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71 sats \ 0 replies \ @justin_shocknet 10h
What are actual benefits for me
You'll know that coin you receive to it is real actual Bitcoin, all the Bitcoin you've received up until now you've been trusting someone else to ensure it's authenticity.
running node is as simple as running core
Core is a node, supporting the network involves other things like being an economic actor, serving blocks, relaying tx's, etc... network related services.
doing things its supposed to do?
Like what? Did you verify the code is what you want it to be? Do you want it to serve the broader network? Do you have the appropriate internet configuration for that?
What is actual utility?
You've never used Bitcoin before, now you can start...
Is it safe to create wallet and hold some sats on this software?
Based on the rest of your questions, I'm assuming not. I doubt you verified the hash of the binary and you probably installed it to a backdoored OS and have 0 network security.
I should also note backups are different than non-bitcoin users are accustom to... Seed phrases aren't a thing in Core.
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