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Topic: Re: Fees for full nodes? - page 3. (Read 8461 times)

sr. member
Activity: 318
Merit: 251
October 19, 2015, 01:24:38 PM
#50
If a Bitcoin angel will give me 1 BTC now then I will run my full node as long as possible.

1 BTC/month?  Are you kidding me?  That node probably costs you maybe $0.50/month to run, if you even notice a higher cost of living due to running it.

Myself and clients combined have dozens of full nodes running across the internet.  The $$$ to run a node never factors into anything.
full member
Activity: 223
Merit: 132
October 19, 2015, 11:21:32 AM
#49
I had a full node, i recieved DDoS all weeks... i dont like that mi ip are visible, if i could set on tor ip i could set my node again

You can setup your node to only use tor.  See this page for more details.
legendary
Activity: 1260
Merit: 1019
October 19, 2015, 09:08:28 AM
#48
It seems that the XT support is much lower than 50%. Maybe there will be no move to XT.
Changing the consensus rules is very difficult.
Successful examples called "revolutions"
legendary
Activity: 2702
Merit: 1261
October 19, 2015, 09:04:25 AM
#47
It seems that the XT support is much lower than 50%. Maybe there will be no move to XT.
legendary
Activity: 1260
Merit: 1019
October 19, 2015, 08:42:04 AM
#46
Fine with me, but the mechanism is the same. Everbody is free to use the altcoin or hardfork he wants.
1. create a hardfork done.
2. move majority to it

We've completed 50% of our goals!
legendary
Activity: 2702
Merit: 1261
October 19, 2015, 08:37:47 AM
#45
Altcoin - is a crypto with unique genesis block.
Hardfork - is crypto with the same genesis block but new rules.

Fine with me, but the mechanism is the same. Everbody is free to use the altcoin or hardfork he wants.
full member
Activity: 168
Merit: 100
October 19, 2015, 08:16:26 AM
#44
I had a full node, i recieved DDoS all weeks... i dont like that mi ip are visible, if i could set on tor ip i could set my node again
legendary
Activity: 1260
Merit: 1019
October 19, 2015, 08:15:11 AM
#43
Yes, everybody is able create an altcoin and everybody is free to use an altcoin created by others. Nothing new here.
Let us define some terms.
Altcoin - is a crypto with unique genesis block.
Hardfork - is crypto with the same genesis block but new rules.
This is not altcoin. This is hardfork, similar to BIP100/101/102...

This rule doesn't change anything. All that will happen is people will move their coins
from address to a new address once every 6 years.
There is a big number of coins which were lost because their owners forgot about them, lost privkeys, moved to provable unspendable outputs, etc.
And at least we would know - is Satoshi still has ability to move his coins?  Grin
legendary
Activity: 1008
Merit: 1007
October 19, 2015, 08:06:23 AM
#42
And this rule is not worse (and not better) than other.

This rule doesn't change anything. All that will happen is people will move their coins from address to a new address once every 6 years.
legendary
Activity: 2702
Merit: 1261
October 19, 2015, 08:03:43 AM
#41
You can suggest to change this formula to

reward = ( 50 / ( 2( block_height / 210000 )) ) + fees + sum_of_all_utxo_from_block ( blockheight - 420000 )
and all utxo with the age of 420000 mark as non-spendable.

Yes, everybody is able create an altcoin and everybody is free to use an altcoin created by others. Nothing new here.
legendary
Activity: 1260
Merit: 1019
October 19, 2015, 07:44:06 AM
#40
That will save a lot of money.
This scenario is possible by changing current consensus rules.

In few words. The current code is something like (I am not sure, but do not care):

reward = ( 50 / ( 2( block_height / 210000 )) ) + fees

You can suggest to change this formula to

reward = ( 50 / ( 2( block_height / 210000 )) ) + fees + sum_of_all_utxo_from_block ( blockheight - 420000 )
and all utxo with the age of 420000 mark as non-spendable.

I repeat. This looks like a joke. But this is not a joke. The majority can implement any rules. And this rule is not worse (and not better) than other.
newbie
Activity: 42
Merit: 0
October 19, 2015, 07:20:24 AM
#39
Where do these rewards come from?
Let us prune the 6 year old utxo!  Grin

That will save a lot of money. First it will reduce the requirement for our hard drive. Second it will reduce the supply of bitcoin by deleting old coins.
legendary
Activity: 1260
Merit: 1019
October 19, 2015, 04:32:35 AM
#38
Where do these rewards come from?
Let us prune the 6 year old utxo!  Grin
legendary
Activity: 1260
Merit: 1019
October 19, 2015, 04:31:03 AM
#37
We can change bitcoin protocol so that 0.1 bitcoin extra is issued per day. That is the small price to pay for the security of bitcoin.
LOL
Of course, the majority can change everything.
But do not say "we can" without proving it.
newbie
Activity: 42
Merit: 0
October 19, 2015, 03:20:37 AM
#36
All nodes should be rewarded in some way, such as 0.0001 Bitcoin per day or 0.1bitcoin shared by all the nodes.
Where do these rewards come from?

We can change bitcoin protocol so that 0.1 bitcoin extra is issued per day. That is the small price to pay for the security of bitcoin.
legendary
Activity: 1456
Merit: 1000
October 18, 2015, 05:26:09 PM
#35
IMO, those who makes profit from bitcoin will have the biggest incentive to setup enterprise level full nodes: Exchanges, mining pools, mining farms, ASIC producers, wallet providers, payment processors, etc...  even those heavily invested in bitcoin should have some full node setup to indirectly support their investment
I am invested and do indeed run a full node despite the lack of compensation.  If I sell off my investment then I will stop unless it is made to be worth my while.

*If* I were going to be compensated for running a full node then I would gladly pay other full nodes for the services they provide me.  If the full nodes are just going to pay each other then that is way less interesting than having SVP clients, etc., pay for services.

Ah, how about if we "enhance" the code to limit the amount of services provided proportional to the amount of services received?

People have the option to carry many different credit cards. The card issuing businesses make a point of giving away their payment tools. History tells them that people will make use of their credit cards.

Ignoring the desirability of using credit or credit cards, making Bitcoin easy to use and removing as many cost barriers to entry as possible should always be a priority. Any trade-offs on free to use or very low cost to use need to have a good reason to exist.

Who knows, splitting transaction fees between nodes and miners might be an option. I doubt the original design considered that the function of running a node would be separated from mining, so it would be an option to realign the original design to some extent.
hero member
Activity: 709
Merit: 503
October 18, 2015, 05:03:27 PM
#34
IMO, those who makes profit from bitcoin will have the biggest incentive to setup enterprise level full nodes: Exchanges, mining pools, mining farms, ASIC producers, wallet providers, payment processors, etc...  even those heavily invested in bitcoin should have some full node setup to indirectly support their investment
I am invested and do indeed run a full node despite the lack of compensation.  If I sell off my investment then I will stop unless it is made to be worth my while.

*If* I were going to be compensated for running a full node then I would gladly pay other full nodes for the services they provide me.  If the full nodes are just going to pay each other then that is way less interesting than having SVP clients, etc., pay for services.

Ah, how about if we "enhance" the code to limit the amount of services provided proportional to the amount of services received?
hero member
Activity: 709
Merit: 503
October 18, 2015, 04:58:25 PM
#33
All nodes should be rewarded in some way, such as 0.0001 Bitcoin per day or 0.1bitcoin shared by all the nodes.
Where do these rewards come from?
newbie
Activity: 42
Merit: 0
October 18, 2015, 02:12:46 PM
#32
All nodes should be rewarded in some way, such as 0.0001 Bitcoin per day or 0.1bitcoin shared by all the nodes.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
October 15, 2015, 10:57:30 PM
#31
IMO, those who makes profit from bitcoin will have the biggest incentive to setup enterprise level full nodes: Exchanges, mining pools, mining farms, ASIC producers, wallet providers, payment processors, etc...  even those heavily invested in bitcoin should have some full node setup to indirectly support their investment
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