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Bandwidth growth may not be *precisely* predictable, but there are reasonable expectations. Demand for transactions should not be a factor in such limits at all.
Luke, what do you think of Dash's system for remunerating full nodes? This debate is consequent of a glaring (but perhaps unsolvable) imperfection where miners and exchanges earn (at 2 different levels) transaction fees but full nodes don't. Dash claims to have solved this.
I haven't looked at Dash specifically, but it seems difficult. After all, it's not merely running full nodes that needs to happen, but using your own to verify payments to you. It's hard to prove this.
Having your own full node to verify payments received is incentive compatible *if* either you have frequent large payments incoming or you've already funded your node by other means (like Dash?), making the ability to .verify small or uncommon incoming payments icing on the cake.
I haven't seen anybody look into this particular Dash feature in any sufficient detail though.
No that doesn't do it.
Are you talking about Dash masternodes?
Their claims of having solved the issue of people not running full nodes is false, even at current prices you need over 85k USD collateral to run a MN (was 1M USD in jan 18). But I like the idea of a financial incentive to run a node. Most people don’t care about current benefits
Dash makes a lot of claims; many of them are historically false. It's usually not worth the effort to look into it and usually people just end up discovering that the gem at the top of the house of cards is just a bent ten of spades.
This one is very important though. it should be looked into. Admittedly it's hard to look (I've tried).
This 2015 thread from @fluffypony covers a few of the concerns with the Dash masternode implementation. To be fair, I don’t know whether any of these issues have been disproven or mitigated since then. https://www.reddit.com/r/Bitcoin/comments/2zufu1/comment/cpmvogy …
Last I checked (more recently than 2015) Masternodes were paid based on uptime. I kid you not. The network doesn’t care if they actually do anything, they get their full reward as long as they haven’t had an extended downtime. The network is basically paying Sybil nodes.
Yes - something like “if an MN isn’t unreachable for more than 17 mins in 24 hours then pay them”, but the MN just has to respond to pings and not do the actual work it’s meant to do. If we could just pay nodes to broadcast txs we wouldn’t need PoW:)
No, if a Masternode refuses to participate in an InstantSend lock it gets banned. If a Masternode refuses to participate in supporting a mixing session it gets banned. Refusing actual service requests will always result in a ban.
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