Post
Topic
Board Development & Technical Discussion
Re: Full node reward - request
by
CJYP
on 15/08/2014, 17:27:24 UTC
When I created this thread, I was more thinking of a very small portion of the estimated +/- US $50 transactions fees per block, being generated now. {Let's say about $10 of that amount, goes towards, this reward.}

But the $50 per block, seems to be at the upper limit per block, anyway. See this thread --> https://bitcointalk.org/index.php?topic=738166.msg8351456#msg8351456

This can easily be funded by donations, from generous BTC moguls.  or from the $ 2 000 000 wallets currently generated on the blockchain. { 1 satoshi from each of them }  Grin

The "proof of node" part, I will leave up to you. Way above my knowledge level.

Who would want to exploit a system, for that kind of money? {Remember it's split up between everyone, running the full node} So running 1000 full nodes, will cost you more than, what you would gain from it.

But it creates another way, to generate income from BTC and that is good.

But, thanks for all the positive remarks. Remember it's just a request.



There are two separate problems here:
1) Figuring out a way for people to prove that they are a full node, that won't allow them to cheat (don't underestimate peoples' willingness to cheat when there's a financial incentive, or even just the ability to destabilize bitcoin involved).
2) Implementing this either (a) at the protocol level (where people who run full nodes are automatically rewarded with bitcoin) or (b) as an optional thing people can donate to if they so choose.

There will have to be a big debate over (2). There are a lot of merits and downsides to (2a), and it is definitely a useful debate. But until (1) is done, it doesn't even make sense to have that debate.
It seems that you created this thread to debate (2), but most of the discussion in this thread has centered around (1). That's probably because we don't have a practical solution to (1), so debating (2) isn't really practically necessary yet. Also, this is the Development and Technical Discussion board, so people here are more inclined to discuss the technical side of things than to debate the practical side of things.