Return-Path: <hectorchu@gmail.com> Received: from smtp1.linuxfoundation.org (smtp1.linux-foundation.org [172.17.192.35]) by mail.linuxfoundation.org (Postfix) with ESMTPS id 4CB9B3EE for <bitcoin-dev@lists.linuxfoundation.org>; Mon, 17 Aug 2015 19:16:26 +0000 (UTC) X-Greylist: whitelisted by SQLgrey-1.7.6 Received: from mail-la0-f54.google.com (mail-la0-f54.google.com [209.85.215.54]) by smtp1.linuxfoundation.org (Postfix) with ESMTPS id B4C40211 for <bitcoin-dev@lists.linuxfoundation.org>; Mon, 17 Aug 2015 19:16:25 +0000 (UTC) Received: by lalv9 with SMTP id v9so85438100lal.0 for <bitcoin-dev@lists.linuxfoundation.org>; Mon, 17 Aug 2015 12:16:24 -0700 (PDT) DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=gmail.com; s=20120113; h=mime-version:in-reply-to:references:from:date:message-id:subject:to :cc:content-type; bh=/cN3MiY6Un86a01x/EfmNt/62FqwH+OIetefCIfQlN8=; b=gZC76a94FIMEhhSYZRj49ey95AyOWGIADCEsmhjcc6ODwa9UMd9aqF+gV7L7M5w32v 7st7stZr9XnLA2McJCGGniQ5o9RxzRGB6MIctwjoebrEtuvVlDXHuUKYbcWOGVKV2IuH k/XC7ttIzbGyE9bvuFqExqcsNelsSIw63U4Rvtfq1YlTBgtRQeC0D2icnSI1qi4bXpgK TEN9sFt4v8ZCcWqeTN2FdXL+5OgWt2PsRnSIXB+8vlV1Uzv62/spTKXoFN98gLDGHvPa VDWBsUTIskKwy+C35AmYE2lD25yewvKOHqlqush+tN6SxIITX158xlJzA8qswxcuy2BZ 0eFA== X-Received: by 10.112.17.70 with SMTP id m6mr2348695lbd.113.1439838984228; Mon, 17 Aug 2015 12:16:24 -0700 (PDT) MIME-Version: 1.0 Received: by 10.25.22.25 with HTTP; Mon, 17 Aug 2015 12:16:04 -0700 (PDT) In-Reply-To: <6EC9DDF352DC4838AE9B088AB372428A25E1F42A@DS04> References: <6EC9DDF352DC4838AE9B088AB372428A25E1F42A@DS04> From: Hector Chu <hectorchu@gmail.com> Date: Mon, 17 Aug 2015 20:16:04 +0100 Message-ID: <CAAO2FKF85Q-SoTEeVrYLEh-ZiEsGoMe1zzbDVdZy3FLbwU5yQg@mail.gmail.com> To: satoshi@vistomail.com Content-Type: multipart/alternative; boundary=001a11c3d3e23053e4051d86a387 X-Spam-Status: No, score=-2.7 required=5.0 tests=BAYES_00,DKIM_SIGNED, DKIM_VALID,DKIM_VALID_AU,FREEMAIL_FROM,HTML_MESSAGE,RCVD_IN_DNSWL_LOW autolearn=ham version=3.3.1 X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on smtp1.linux-foundation.org Cc: bitcoin-dev@lists.linuxfoundation.org Subject: Re: [bitcoin-dev] Bitcoin XT Fork X-BeenThere: bitcoin-dev@lists.linuxfoundation.org X-Mailman-Version: 2.1.12 Precedence: list List-Id: Bitcoin Development Discussion <bitcoin-dev.lists.linuxfoundation.org> List-Unsubscribe: <https://lists.linuxfoundation.org/mailman/options/bitcoin-dev>, <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=unsubscribe> List-Archive: <http://lists.linuxfoundation.org/pipermail/bitcoin-dev/> List-Post: <mailto:bitcoin-dev@lists.linuxfoundation.org> List-Help: <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=help> List-Subscribe: <https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev>, <mailto:bitcoin-dev-request@lists.linuxfoundation.org?subject=subscribe> X-List-Received-Date: Mon, 17 Aug 2015 19:16:26 -0000 --001a11c3d3e23053e4051d86a387 Content-Type: text/plain; charset=UTF-8 On 15 August 2015 at 18:43, Satoshi Nakamoto via bitcoin-dev < bitcoin-dev@lists.linuxfoundation.org> wrote: > I suspect we need a better incentive for users to run nodes instead of > relying solely on altruism. > Is he talking about "full nodes" i.e. validating-only, or nodes in the sense of the original whitepaper (i.e. miners)? Because there is already plenty of incentive for running a node (i.e. the coinbase). The issue is that the reward is more or less like a decentralised lottery with high entry cost. If the income could be smoothed like in a mining pool, without actually being a mining pool, then perhaps more people would pay to enter the mining game. A bit like making P2Pool the one and only pool allowed on the network. --001a11c3d3e23053e4051d86a387 Content-Type: text/html; charset=UTF-8 Content-Transfer-Encoding: quoted-printable <div dir=3D"ltr"><div class=3D"gmail_extra"><div class=3D"gmail_quote">On 1= 5 August 2015 at 18:43, Satoshi Nakamoto via bitcoin-dev <span dir=3D"ltr">= <<a href=3D"mailto:bitcoin-dev@lists.linuxfoundation.org" target=3D"_bla= nk">bitcoin-dev@lists.linuxfoundation.org</a>></span> wrote:<br><blockqu= ote class=3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc s= olid;padding-left:1ex">I suspect we need a better incentive for users to ru= n nodes instead of relying solely on altruism.<br></blockquote><div><br></d= iv><div>Is he talking about "full nodes" i.e. validating-only, or= nodes in the sense of the original whitepaper (i.e. miners)? Because there= is already plenty of incentive for running a node (i.e. the coinbase).</di= v><div><br></div><div>The issue is that the reward is more or less like a d= ecentralised lottery with high entry cost. If the income could be smoothed = like in a mining pool, without actually being a mining pool, then perhaps m= ore people would pay to enter the mining game. A bit like making P2Pool the= one and only pool allowed on the network.</div></div></div></div> --001a11c3d3e23053e4051d86a387--