📅 Original date posted:2015-08-21
📝 Original message: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 at 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.
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Tamas Blummer [ARCHIVE] /
npub1cc…ex8m8
2023-06-07 15:48:39
in reply to nevent1q…h954
Author Public Key
npub1ccegg9n9lnx6huppxg43m95488yur7pfemkn3pz0agjws5ffvtts0ex8m8Published at
2023-06-07 15:48:39Event JSON
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"content": "📅 Original date posted:2015-08-21\n📝 Original message:Jameson,\n\nI like your thinking about the implicit reward of full nodes. It was not perceived as sufficient by many, hence full node counts were falling.\n\nThis 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.\n\nActually pooled mining became an option through the homogenous nature of the network.\n\nTamas Blummer\n\n\u003e On Aug 19, 2015, at 13:42, Jameson Lopp via bitcoin-dev \u003cbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\u003e \n\u003e 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.\n\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150821/c05d53fc/attachment.html\u003e\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: signature.asc\nType: application/pgp-signature\nSize: 496 bytes\nDesc: Message signed with OpenPGP using GPGMail\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150821/c05d53fc/attachment.sig\u003e",
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