Post
Topic
Board Development & Technical Discussion
Topic OP
Proposal for Proof of Stake that promotes Full Nodes
by
Sahtor
on 04/04/2014, 10:33:07 UTC
Proof of Stake mining as full node

1 PoS block every 200 seconds
Reward 0.00000100 BTC = 100 satoshi
Transactions fees go to Stake miner

Rich getting rewarded 100 satoshis for keeping the network running doesn't sound too bad to me. PoS would inflate bitcoin coin supply 0.15768 BTC per year. 1st confirmation would take 3 instead of 10 minutes. Miners lose some future potential earning opportunity.


Block 90th percentile propagation is between 10 seconds and 2 minutes
http://bitcoinstats.com/network/propagation/


"Full Bitcoin nodes are steady on the decline" -coinwatcher
http://www.reddit.com/r/Bitcoin/comments/21pcur/full_bitcoin_nodes_are_steady_on_the_decline_is/
http://bitinfocharts.com/comparison/nodes-btc.html


"I think proof-of-stake is hard-coded 'the rich get richer' and is deeply unfair." -Gavin Andresen
https://twitter.com/gavinandresen/status/421635550911934465