š
Original date posted:2015-06-15
š Original message:Hi Raystonn
On Mon, Jun 15, 2015 at 9:36 PM, Raystonn . <raystonn at hotmail.com> wrote:
>
> I am only partially through the content at the below link, and I am very impressed. Has Justus Ranvier began work on implementation of the ideas contained therein?
I don't know if he or someone else has begun writing code to implement
what was described in the liked post, but I'm sure he will reply to
you since he's subscribed to this mailing list.
>
>
>
> From: sickpig at gmail.com
> Sent: Monday, June 15, 2015 12:18 PM
> To: Raystonn .
> Cc: Bitcoin Dev
> Subject: Re: [Bitcoin-development] The Bitcoin Node Market
>
>
> Sorry for top posting and the brevity but I'm typing from my phone
>
> You shoud be interested in this post by Justus Ranvier then:
>
> https://bitcoinism.liberty.me/economic-fallacies-and-the-block-size-limit-part-2-price-discovery/
>
> On Jun 15, 2015 8:57 PM, "Raystonn ." <raystonn at hotmail.com> wrote:
>>
>> I have been toying with an idea and figured I'd run it by everyone here
>> before investing further time in it. The goal here is to make it
>> sustainable, and perhaps profitable, to run full nodes on the Bitcoin
>> Network in the long term.
>>
>> - Nodes can participate in a market wherein they are paid by nodes, wallets,
>> and other services to supply Bitcoin Network data. Payment should be based
>> on the cost imposed on the Node to do the work and send the data, but can be
>> set in any way the node operator desires. It's a free market.
>> - Nodes that are mostly leeching data from the Bitcoin Network, such as
>> those that do not receive inbound connections to port 8333, will send
>> payments to the nodes they connect to, but will likely receive no payments
>> from other nodes, wallets, and other services.
>> - Nodes that are providing balanced full service to the Bitcoin Network will
>> tend to have a balance of payments coming in and going out with regards to
>> other balanced full service nodes, leaving them revenue neutral there. But
>> they will receive payments from leech nodes, wallets, and other services.
>>
>> The net effect here is that the cost to run nodes will be shared by those
>> who are using the Bitcoin network but not contributing by running a full
>> node. A market will develop for fees to connect to the Bitcoin Network
>> which should help cover the cost of running the Network. It's still
>> possible to continue offering access to your node for free as there is
>> nothing forcing you to charge a fee. But this isn't very sustainable
>> long-run. Market efficiencies should eventually mean nodes take in only
>> what is required to keep the Network operational.
>>
>> Raystonn
>>
>>
>> ------------------------------------------------------------------------------
>> _______________________________________________
>> Bitcoin-development mailing list
>> Bitcoin-development at lists.sourceforge.net
>> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
sickpig at gmail.com [ARCHIVE] /
npub1d4ā¦7wy8f
2023-06-07 15:38:05
in reply to nevent1qā¦0ksl
Author Public Key
npub1d4tcv42hqfxl2fm9tqep3mellmqcfa6z8fn022zdj2ug289u5scqe7wy8fPublished at
2023-06-07 15:38:05Event JSON
{
"id": "511c40782d80027fc466f0e5c7c4d2dc56e50a89fde4f3fd02d2bc5368917cfa",
"pubkey": "6d57865557024df52765583218ef3ffec184f7423a66f5284d92b8851cbca430",
"created_at": 1686152285,
"kind": 1,
"tags": [
[
"e",
"2b91c85241583e32234ccb8fc6e0be41a139659abeab8f01ad008fe47e789073",
"",
"root"
],
[
"e",
"d38964e014d2b0f461ca4b0926d15218cc955028389224ee2a9a1201df57b9ec",
"",
"reply"
],
[
"p",
"3e6baaf01f15cb9383746ee7c1a225175502acbc3234f3e42160ad71d011e092"
]
],
"content": "š
Original date posted:2015-06-15\nš Original message:Hi Raystonn\n\nOn Mon, Jun 15, 2015 at 9:36 PM, Raystonn . \u003craystonn at hotmail.com\u003e wrote:\n\u003e\n\u003e I am only partially through the content at the below link, and I am very impressed. Has Justus Ranvier began work on implementation of the ideas contained therein?\n\nI don't know if he or someone else has begun writing code to implement\nwhat was described in the liked post, but I'm sure he will reply to\nyou since he's subscribed to this mailing list.\n\n\n\u003e\n\u003e\n\u003e\n\u003e From: sickpig at gmail.com\n\u003e Sent: Monday, June 15, 2015 12:18 PM\n\u003e To: Raystonn .\n\u003e Cc: Bitcoin Dev\n\u003e Subject: Re: [Bitcoin-development] The Bitcoin Node Market\n\u003e\n\u003e\n\u003e Sorry for top posting and the brevity but I'm typing from my phone\n\u003e\n\u003e You shoud be interested in this post by Justus Ranvier then:\n\u003e\n\u003e https://bitcoinism.liberty.me/economic-fallacies-and-the-block-size-limit-part-2-price-discovery/\n\u003e\n\u003e On Jun 15, 2015 8:57 PM, \"Raystonn .\" \u003craystonn at hotmail.com\u003e wrote:\n\u003e\u003e\n\u003e\u003e I have been toying with an idea and figured I'd run it by everyone here\n\u003e\u003e before investing further time in it. The goal here is to make it\n\u003e\u003e sustainable, and perhaps profitable, to run full nodes on the Bitcoin\n\u003e\u003e Network in the long term.\n\u003e\u003e\n\u003e\u003e - Nodes can participate in a market wherein they are paid by nodes, wallets,\n\u003e\u003e and other services to supply Bitcoin Network data. Payment should be based\n\u003e\u003e on the cost imposed on the Node to do the work and send the data, but can be\n\u003e\u003e set in any way the node operator desires. It's a free market.\n\u003e\u003e - Nodes that are mostly leeching data from the Bitcoin Network, such as\n\u003e\u003e those that do not receive inbound connections to port 8333, will send\n\u003e\u003e payments to the nodes they connect to, but will likely receive no payments\n\u003e\u003e from other nodes, wallets, and other services.\n\u003e\u003e - Nodes that are providing balanced full service to the Bitcoin Network will\n\u003e\u003e tend to have a balance of payments coming in and going out with regards to\n\u003e\u003e other balanced full service nodes, leaving them revenue neutral there. But\n\u003e\u003e they will receive payments from leech nodes, wallets, and other services.\n\u003e\u003e\n\u003e\u003e The net effect here is that the cost to run nodes will be shared by those\n\u003e\u003e who are using the Bitcoin network but not contributing by running a full\n\u003e\u003e node. A market will develop for fees to connect to the Bitcoin Network\n\u003e\u003e which should help cover the cost of running the Network. It's still\n\u003e\u003e possible to continue offering access to your node for free as there is\n\u003e\u003e nothing forcing you to charge a fee. But this isn't very sustainable\n\u003e\u003e long-run. Market efficiencies should eventually mean nodes take in only\n\u003e\u003e what is required to keep the Network operational.\n\u003e\u003e\n\u003e\u003e Raystonn\n\u003e\u003e\n\u003e\u003e\n\u003e\u003e ------------------------------------------------------------------------------\n\u003e\u003e _______________________________________________\n\u003e\u003e Bitcoin-development mailing list\n\u003e\u003e Bitcoin-development at lists.sourceforge.net\n\u003e\u003e https://lists.sourceforge.net/lists/listinfo/bitcoin-development",
"sig": "60719934aa73f57a91ca73d80f190a29721f1185ab82a93ae5c621bf3d2e6ca6eb69feca34f0c5df0724191d89746c324bb7c7bc831971e4a6f37c86f60c8f0d"
}