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From: Tamas Blummer <tamas@bitsofproof.com>
In-Reply-To: <CADL_X_duSHosyMAfOXPv7WcWKTY19Q2i+_zFSuuGbGantbbmRw@mail.gmail.com>
Date: Fri, 21 Aug 2015 22:50:58 +0200
Message-Id: <0CC6B26F-AB95-423A-B6D3-5852BD2863AA@bitsofproof.com>
References: <CAAO2FKGS9+0pMa_iF+TNc7nnAqniE7vjTHapvubdce7=aSyBEg@mail.gmail.com>
	<CADL_X_duSHosyMAfOXPv7WcWKTY19Q2i+_zFSuuGbGantbbmRw@mail.gmail.com>
To: Jameson Lopp <jameson.lopp@gmail.com>
Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] A solution to increase the incentive of running a
	node
Precedence: list


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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:
>=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.


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<html><head><meta http-equiv=3D"Content-Type" content=3D"text/html =
charset=3Dus-ascii"></head><body style=3D"word-wrap: break-word; =
-webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" =
class=3D""><div class=3D"">Jameson,</div><div class=3D""><br =
class=3D""></div><div class=3D"">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.</div><div class=3D""><br =
class=3D""></div><div class=3D"">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.</div><div =
class=3D""><br class=3D""></div><div class=3D"">Actually pooled mining =
became an option through the homogenous nature of the network.</div><br =
class=3D""><div apple-content-edited=3D"true" class=3D"">
<div style=3D"color: rgb(0, 0, 0); font-family: Helvetica; font-size: =
12px; font-style: normal; font-variant: normal; font-weight: normal; =
letter-spacing: normal; line-height: normal; orphans: auto; text-align: =
start; text-indent: 0px; text-transform: none; white-space: normal; =
widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px;" =
class=3D"">Tamas Blummer</div><div style=3D"color: rgb(0, 0, 0); =
font-family: Helvetica; font-size: 12px; font-style: normal; =
font-variant: normal; font-weight: normal; letter-spacing: normal; =
line-height: normal; orphans: auto; text-align: start; text-indent: 0px; =
text-transform: none; white-space: normal; widows: auto; word-spacing: =
0px; -webkit-text-stroke-width: 0px;" class=3D""><br =
class=3D""></div></div><div><blockquote type=3D"cite" class=3D""><div =
class=3D"">On Aug 19, 2015, at 13:42, Jameson Lopp via bitcoin-dev =
&lt;<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" =
class=3D"">bitcoin-dev@lists.linuxfoundation.org</a>&gt; wrote:</div><br =
class=3D"Apple-interchange-newline"><div class=3D""><div dir=3D"ltr" =
class=3D""><div class=3D"gmail_extra"><div class=3D"gmail_quote"><div =
class=3D"">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.

<br class=3D""></div></div></div></div></div></blockquote></div><br =
class=3D""></body></html>=

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