Topic: Incentive for Nodes through Economics (Read 789 times)

I see the concerns with people that it could become a POS if they had a interest rate or something like that but would it be possible for miners that when miners mine they partition 1% of their hash power and it is shared to the full nodes or when a block is discovered 1% is given to the full nodes that broadcast it?

Would either of these be possible with a hardfork?

Everything is possible with a hardfork, the question "what is a full node" still stands. How to you distinguish proper full nodes from "half-ass" nodes that are just set up to get a piece of the pie.

They would have to contain a full copy of the blockchain and be open to at least 8 connections and have an up time requirement, I mean we aren't talking a ton of coin to be made here but just an bit of the piece of pie.

Wouldnt that make it profitable to snipe other nodes out of the network? If I can somehow (DDoS, etc.) reduce the number of eligible nodes in the network I would increase my part of the reward. This could result in an arms race of nodes trying to get each other unreachable by the rest of the network. This would possible reduce the number of full nodes available as the become a target.

Does not the same concern exists for miners too ? Like one miner trying to knockout other miners ?

People do DDOS pools, all the time.

kingcolex

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Quote from: kingcolex on April 07, 2015, 10:57:25 AM

I see the concerns with people that it could become a POS if they had a interest rate or something like that but would it be possible for miners that when miners mine they partition 1% of their hash power and it is shared to the full nodes or when a block is discovered 1% is given to the full nodes that broadcast it?

Would either of these be possible with a hardfork?

Everything is possible with a hardfork, the question "what is a full node" still stands. How to you distinguish proper full nodes from "half-ass" nodes that are just set up to get a piece of the pie.

They would have to contain a full copy of the blockchain and be open to at least 8 connections and have an up time requirement, I mean we aren't talking a ton of coin to be made here but just an bit of the piece of pie.

Wouldnt that make it profitable to snipe other nodes out of the network? If I can somehow (DDoS, etc.) reduce the number of eligible nodes in the network I would increase my part of the reward. This could result in an arms race of nodes trying to get each other unreachable by the rest of the network. This would possible reduce the number of full nodes available as the become a target.

hmm that could be an issue but couldn't this be an issue with any sort of incentive placed on nodes except a interest based one?

shorena

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No I dont escrow anymore.

Quote from: RocketSingh on April 07, 2015, 10:52:52 AM

Quote from: herzmeister on April 07, 2015, 09:53:26 AM

Wouldnt that make it profitable to snipe other nodes out of the network? If I can somehow (DDoS, etc.) reduce the number of eligible nodes in the network I would increase my part of the reward. This could result in an arms race of nodes trying to get each other unreachable by the rest of the network. This would possible reduce the number of full nodes available as the become a target.

Does not the same concern exists for miners too ? Like one miner trying to knockout other miners ?

People do DDOS pools, all the time.

Id assume that DDoS among miners is somewhat normal, yes. But since a mining pool only needs a single connection to broadcast a new block its probably difficult to efficiently take a mining node out of the network for a long period of time. An uptime requirement of e.g. 24 hours would make it easy to take a node out of the network for said 24 hours. It would also be difficult to determine whether a node was actualy online over a certain period of time.

They would have to contain a full copy of the blockchain

How do you prove that? Node A and Node B could point to the same blockchain copy on a shared network resource.

Im not sure whether this is an issue, but it would certainly be possible to write custom node software that pretends to be a full node while its actually sharing a single copy of the blockchain with a high amount of other nodes. It might also be possible for a node to just relay block requests to other nodes in order to appear like a full node. This is certainly possible today, but since no one could benefit I doubt its a widespread problem.

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Another thing that just came to me is: How would a mining node know which nodes to reward? Since the mining node is the one that creates the block it has to verify whether a certain node is eligible for a share of the reward.

RocketSingh

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I see the concerns with people that it could become a POS if they had a interest rate or something like that but would it be possible for miners that when miners mine they partition 1% of their hash power and it is shared to the full nodes or when a block is discovered 1% is given to the full nodes that broadcast it?

Would either of these be possible with a hardfork?

Everything is possible with a hardfork, the question "what is a full node" still stands. How to you distinguish proper full nodes from "half-ass" nodes that are just set up to get a piece of the pie.

They would have to contain a full copy of the blockchain and be open to at least 8 connections and have an up time requirement, I mean we aren't talking a ton of coin to be made here but just an bit of the piece of pie.

Wouldnt that make it profitable to snipe other nodes out of the network? If I can somehow (DDoS, etc.) reduce the number of eligible nodes in the network I would increase my part of the reward. This could result in an arms race of nodes trying to get each other unreachable by the rest of the network. This would possible reduce the number of full nodes available as the become a target.

Does not the same concern exists for miners too ? Like one miner trying to knockout other miners ?

herzmeister

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They would have to contain a full copy of the blockchain

How do you prove that? Node A and Node B could point to the same blockchain copy on a shared network resource.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

I see the concerns with people that it could become a POS if they had a interest rate or something like that but would it be possible for miners that when miners mine they partition 1% of their hash power and it is shared to the full nodes or when a block is discovered 1% is given to the full nodes that broadcast it?

Would either of these be possible with a hardfork?

Everything is possible with a hardfork, the question "what is a full node" still stands. How to you distinguish proper full nodes from "half-ass" nodes that are just set up to get a piece of the pie.

They would have to contain a full copy of the blockchain and be open to at least 8 connections and have an up time requirement, I mean we aren't talking a ton of coin to be made here but just an bit of the piece of pie.

Wouldnt that make it profitable to snipe other nodes out of the network? If I can somehow (DDoS, etc.) reduce the number of eligible nodes in the network I would increase my part of the reward. This could result in an arms race of nodes trying to get each other unreachable by the rest of the network. This would possible reduce the number of full nodes available as the become a target.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.