No, every node is not equally economically significant. You’re conflating consensus validation (where all full nodes are equal, technically speaking) with economic influence over miner incentives.
Consensus just means “do these blocks follow the rules?” Yes… every full node validates equally here. But PROPAGATION (the relaying of transactions and blocks across the network) is where economic weight matters.
Nodes that relay lots of economically valuable transactions (like those of exchanges, payment processors, custodians) effectively control visibility into fee-paying transactions.
Meanwhile nodes without economically meaningful transaction flow (like hobby nodes / passive validators) don’t influence miner revenue or block propagation incentives significantly. I’m guessing this is what your argument focuses on.
Miners rely on rapid, reliable block propagation to minimize orphan risk. If a miner includes transactions that economically influential nodes refuse to relay, the miner’s block propagates more slowly or incompletely, raising the miner’s risk and lowering profitability.
EricFJ / Eric FJ
npub10x…2g437
2025-05-10 01:24:58
in reply to nevent1q…g6sx
Author Public Key
npub10xvczstpwsljy7gqd2cselvrh5e6mlerep09m8gff87avru0ryqsg2g437Published at
2025-05-10 01:24:58Event JSON
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"content": "No, every node is not equally economically significant. You’re conflating consensus validation (where all full nodes are equal, technically speaking) with economic influence over miner incentives.\n\nConsensus just means “do these blocks follow the rules?” Yes… every full node validates equally here. But PROPAGATION (the relaying of transactions and blocks across the network) is where economic weight matters. \n\nNodes that relay lots of economically valuable transactions (like those of exchanges, payment processors, custodians) effectively control visibility into fee-paying transactions.\n\nMeanwhile nodes without economically meaningful transaction flow (like hobby nodes / passive validators) don’t influence miner revenue or block propagation incentives significantly. I’m guessing this is what your argument focuses on.\n\nMiners rely on rapid, reliable block propagation to minimize orphan risk. If a miner includes transactions that economically influential nodes refuse to relay, the miner’s block propagates more slowly or incompletely, raising the miner’s risk and lowering profitability. ",
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