From mboxrd@z Thu Jan 1 00:00:00 1970 Return-Path: Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 0A1DB486 for ; Fri, 21 Aug 2015 20:51:03 +0000 (UTC) X-Greylist: from auto-whitelisted by SQLgrey-1.7.6 Received: from wp059.webpack.hosteurope.de (wp059.webpack.hosteurope.de [80.237.132.66]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id 3451E11D for ; Fri, 21 Aug 2015 20:51:02 +0000 (UTC) Received: from [37.143.74.116] (helo=[192.168.2.15]); authenticated by wp059.webpack.hosteurope.de running ExIM with esmtpsa (TLS1.0:DHE_RSA_AES_256_CBC_SHA1:32) id 1ZStHA-0005EU-1e; Fri, 21 Aug 2015 22:51:00 +0200 Mime-Version: 1.0 (Mac OS X Mail 8.2 \(2102\)) Content-Type: multipart/signed; boundary="Apple-Mail=_B1425F48-0BF0-40B4-B09B-203A8A255462"; protocol="application/pgp-signature"; micalg=pgp-sha512 X-Pgp-Agent: GPGMail 2.5.1 From: Tamas Blummer In-Reply-To: Date: Fri, 21 Aug 2015 22:50:58 +0200 Message-Id: <0CC6B26F-AB95-423A-B6D3-5852BD2863AA@bitsofproof.com> References: To: Jameson Lopp X-Mailer: Apple Mail (2.2102) X-bounce-key: webpack.hosteurope.de; tamas@bitsofproof.com; 1440190262; c146c534; X-Spam-Status: No, score=-2.6 required=5.0 tests=BAYES_00,HTML_MESSAGE, RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: Bitcoin Dev Subject: Re: [bitcoin-dev] A solution to increase the incentive of running a node X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Fri, 21 Aug 2015 20:51:03 -0000 --Apple-Mail=_B1425F48-0BF0-40B4-B09B-203A8A255462 Content-Type: multipart/alternative; boundary="Apple-Mail=_172FF05F-5742-4CAC-B60D-289F98F124A7" --Apple-Mail=_172FF05F-5742-4CAC-B60D-289F98F124A7 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=us-ascii Jameson, I like your thinking about the implicit reward of full nodes. It was not = perceived as sufficient by many, hence full node counts were falling. This might reverse now as the implicit value of validating yourself = however becomes higher in a heterogenous environment, that is if there = are hard forks in the wild. Actually pooled mining became an option through the homogenous nature of = the network. Tamas Blummer > On Aug 19, 2015, at 13:42, Jameson Lopp via bitcoin-dev = wrote: >=20 > The incentives for running a node may not be obvious to the average = user, but they are there. Rather than direct monetary incentives, they = are indirect. For one, it allows you to have a local copy of the = blockchain that you validated yourself - trustlessness is the entire = point of this system. Having local self-validated blockchain data is = also essential for any enterprise that needs to quickly access large = volumes of it. The other incentive is it supports the network. Users may = feel that this is necessary out of altruism or they may feel = incentivized to protect their investments in Bitcoin. --Apple-Mail=_172FF05F-5742-4CAC-B60D-289F98F124A7 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=us-ascii
Jameson,

I like your thinking about the implicit = reward of full nodes. It was not perceived as sufficient by many, hence = full node counts were falling.

This might reverse now as the implicit = value of validating yourself however becomes higher in a heterogenous = environment, that is if there are hard forks in the wild.

Actually pooled mining = became an option through the homogenous nature of the network.

Tamas Blummer

On Aug 19, 2015, at 13:42, Jameson Lopp via bitcoin-dev = <bitcoin-dev@lists.linuxfoundation.org> wrote:

The incentives for=20 running a node may not be obvious to the average user, but they are = there. Rather than direct monetary incentives, they are indirect. For one, it=20= allows you to have a local copy of the blockchain that you=20 validated yourself - trustlessness is the entire point of this system.=20= Having local self-validated blockchain data is also essential for any=20 enterprise that needs to quickly access large volumes of it. The other=20 incentive is it supports the network. Users may feel that this is=20 necessary out of altruism or they may feel incentivized to protect their investments in Bitcoin.

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