How mining is supposed to work...
@vjy Nothing is stopping you from mining your own transactions without a fee, except centralised miners.
@lukedashjr I'm not sure I said that correct.. :)
There are 10k nodes, and 10M tx/month.. To encourage full nodes, I'm suggesting miners should include 1 no-fee tx from a node, every month..
That would be 0.1% of all tx or 0.1% block space given to nodes
@vjy There's nearly 50k nodes.
Problem with your idea is that nobody can prove they're using their own node.
@lukedashjr what's proof-of-node other than proof-of-storage (utxo)?
One way is, node identity.. use utxo to identify nodes + PoS (nothing at stake, except utxo is 30 days old)..
Say, for example, ₿100k linked to nodes, and nodes can send 100k (1% of 10M) tx for free, then ₿1 node can send 1 no-fee tx per month, and so on
I don't understand this statement. What stops me from mining my own transaction is the infeasibility, considering variance, of mining a block with whatever tiny amount of hashpower I can muster.
With a very decentralized alternative to current pools (that addresses variance somehow), I see certainly a change to that situation, although it'd be kind of complex and not just "I mine my own txs if I want".
Bitcoin Maston Instance