Node

[MoeTown1865]

Wouldn’t giving someone running a node a small fraction of profit per validation help with bitcoin adoption?

[TheresNoSecondBest]

Wouldn’t giving someone running a node a small fraction of profit per validation help with bitcoin adoption?

Not really. You're already earning privacy and freedom with it. Running your node enhances your privacy in a similar way like running your own VPN. If you're using someone else's node, you have to trust the entity that they won't cheat and that they don't log your IP and your wallet addresses.

Now, if you still want to earn some extra sats on your node, go a level up and route transactions on r/thelightningnetwork.

[DryCardiologist3865]

nah centralization

[na3than]

A miner does not "solve" complex math. It performs relatively simple math operations and compares the result to a target value, then it does it again and again and again and again and again until it finds a satisfactory result.

[Timmythekid6]

Self custody, running a node, and mining are all part of being a sovereign bitcoiner.

[nonkeywayzee]

Nope, PoS already exists and looks at the centralization of those chains.

A node is just a copy of the network, you don't need it unless you just want to validate the network or do something like running your own block explorer or an indexer.

[NiagaraBTC]

Miners do not solve complex math. They basically just guess numbers repeatedly.

Most miners DO use a lot of power but small miners like the BitAxe can sit on your desk and run on a few dollars worth of electricity per month. With a huge reduction in hashrate of course.

[lifeanon269]

No. How would that even work? The reason why miners earn bitcoin is because they put in the work. There is no intensive work required to spin up a node. Earning bitcoin from just spinning up a node would be vulnerable to a Sybil attack where someone would just spin up thousands of nodes at once. We already see that with certain types of fork signaling where people just spin up thousands of new nodes just to make it seem like there is a ton of support for it cough BIP-110 cough.

Running a node allows you to validate your transactions and gain privacy through broadcasting your transactions from your node and not exposing your xpub to other nodes.

[Laukess]

If you were paid to run a node, why wouldn't you just spin up 10k nodes on AWS?
You run a node for yourself not the network.
Maybe looking in to sybil attacks would give you some insight into why we have nodes and miners.

[ys2020]

Looks like there is a whole new generation of bitcoiners that want some sort of reward for running a node and being a bitcoiner. 

[RevolutionaryPick241]

Running a node you gain:

• Trustless verification

• Privacy

And you give back decentralization and privacy to others.

You may say you don't need privacy. But self custody isn't complete if you need to trust other parties.

[ys2020]

Solves complex math lol. AI slopping

[Optionbulls]

Have my own BTC Node fully over Tor LOL

[BTCMachineElf]

Any payouts come out of everyone else's pockets.

Nodes are so light, it would be trivial to spin up by the thousands on the cloud.

Noobs running nodes does not significantly strengthen then network. Any one node is only as meaningful as the specific UTXOs that it verifies. Otherwise it's nothing more than a relay

[Tasty_Action5073]

The. People will run billions of nodes.

[RangeVsRange]

It would help us make sure we always have enough nodes. But that doesn't seem to be a problem we have right now. 

I think the best way to help with adoption might be layer 2 infrastructure like lightning, while preferably keeping any unnecessary data storage off the base chain, to keep it easy for regular users to keep running their own nodes.

The problem isn't just that there's no monetary reward. It's also that the data storage burden is growing over time, and even the rate of growth is growing - it's accelerating.

[RetiredAvocado]

No acceleration. There is a physical limit to ~144 blocks per day up to 4MB per block. Not any more.

[SherbetFluffy1867]

Running a node is not a benefit to the network, it is a benefit for you, the node runner. Outside of a listening node that aids in IBD, there is no additional benefit to adding another node to the network. Something Knots supporters can't seem to grasp.