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Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] The Bitcoin Node Market
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--089e0141a006d50d7c051893531c
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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@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@lists.sourceforge.net
> https://lists.sourceforge.net/lists/listinfo/bitcoin-development
>
--089e0141a006d50d7c051893531c
Content-Type: text/html; charset=UTF-8
Content-Transfer-Encoding: quoted-printable
<p dir=3D"ltr">Sorry for top posting and the brevity but I'm typing fro=
m my phone</p>
<p dir=3D"ltr">You shoud be interested in this post by Justus Ranvier then:=
</p>
<p dir=3D"ltr"><a href=3D"https://bitcoinism.liberty.me/economic-fallacies-=
and-the-block-size-limit-part-2-price-discovery/">https://bitcoinism.libert=
y.me/economic-fallacies-and-the-block-size-limit-part-2-price-discovery/</a=
></p>
<div class=3D"gmail_quote">On Jun 15, 2015 8:57 PM, "Raystonn ." =
<<a href=3D"mailto:raystonn@hotmail.com">raystonn@hotmail.com</a>> wr=
ote:<br type=3D"attribution"><blockquote class=3D"gmail_quote" style=3D"mar=
gin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">I have been toy=
ing with an idea and figured I'd run it by everyone here<br>
before investing further time in it.=C2=A0 The goal here is to make it<br>
sustainable, and perhaps profitable, to run full nodes on the Bitcoin<br>
Network in the long term.<br>
<br>
- Nodes can participate in a market wherein they are paid by nodes, wallets=
,<br>
and other services to supply Bitcoin Network data.=C2=A0 Payment should be =
based<br>
on the cost imposed on the Node to do the work and send the data, but can b=
e<br>
set in any way the node operator desires.=C2=A0 It's a free market.<br>
- Nodes that are mostly leeching data from the Bitcoin Network, such as<br>
those that do not receive inbound connections to port 8333, will send<br>
payments to the nodes they connect to, but will likely receive no payments<=
br>
from other nodes, wallets, and other services.<br>
- Nodes that are providing balanced full service to the Bitcoin Network wil=
l<br>
tend to have a balance of payments coming in and going out with regards to<=
br>
other balanced full service nodes, leaving them revenue neutral there.=C2=
=A0 But<br>
they will receive payments from leech nodes, wallets, and other services.<b=
r>
<br>
The net effect here is that the cost to run nodes will be shared by those<b=
r>
who are using the Bitcoin network but not contributing by running a full<br=
>
node.=C2=A0 A market will develop for fees to connect to the Bitcoin Networ=
k<br>
which should help cover the cost of running the Network.=C2=A0 It's sti=
ll<br>
possible to continue offering access to your node for free as there is<br>
nothing forcing you to charge a fee.=C2=A0 But this isn't very sustaina=
ble<br>
long-run.=C2=A0 Market efficiencies should eventually mean nodes take in on=
ly<br>
what is required to keep the Network operational.<br>
<br>
Raystonn<br>
<br>
<br>
---------------------------------------------------------------------------=
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pment@lists.sourceforge.net</a><br>
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listinfo/bitcoin-development</a><br>
</blockquote></div>
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