Re: [bitcoin-dev] A solution to increase the incentive of running a node

From: Sergio Demian Lerner <sergio.d.lerner@gmail•com>
To: Tamas Blummer <tamas@bitsofproof•com>
Cc: Bitcoin Dev <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] A solution to increase the incentive of running a node
Date: Fri, 21 Aug 2015 18:12:17 -0300	[thread overview]
Message-ID: <CAKzdR-pzW-0eCeR06oyhmzDKM8csLzXj9T33uKqxLQ0FicMWSw@mail.gmail.com> (raw)
In-Reply-To: <0CC6B26F-AB95-423A-B6D3-5852BD2863AA@bitsofproof.com>

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Hector,
 I can only say 2 things in the brief time I have now:

1. There is a solution that I proposed for proving you own a copy of the
block-chain. It's using aymmetric-time functions:

https://bitslog.wordpress.com/2014/11/03/proof-of-local-blockchain-storage/

2. I'm finishing a paper on a transaction system (DAGCoin) which relies on
proof-of-work per transactions, and no per blocks. Actually it has no
blocks.

This has been explored in the past, but I came up with some basic ideas
that make this work a few months ago. I will forward a draft to you while
at the same time I try to analyze your proposal. Or I may publish the draft
altogether.

Best regards,
 Sergio

On Fri, Aug 21, 2015 at 5:50 PM, Tamas Blummer via bitcoin-dev <
bitcoin-dev@lists•linuxfoundation.org> wrote:

> 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 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.
>
>
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists•linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>

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