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Author Topic: Full node reward - request  (Read 5327 times)
amaclin
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August 17, 2014, 12:44:32 PM
 #41

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I am extremely curious why ALL the nodes are not up to date

Because there is not "Central Goverment Of Bitcoin" which would force users to upgrade.
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August 17, 2014, 12:57:34 PM
Last edit: August 17, 2014, 02:43:23 PM by gtraah
 #42

Yes I know there is no central government, but if everyone wants to be compatible with each other aren't they all supposed to be updated?.... I thought all the nodes have to be same version.. For example If Gavin changes something in the Core and everyone agrees, isn't everyone supposed to take this change to accept it? If there is Bitcoin V0.9.1. & 0..8 & 0.4 or what ever wouldn't this mean there is all different kind of coins out there right now? And how do i or others without nodes know which coins they have

OR

Have I got it wrong, the bitcoin Core client/Wallet Is not the actual CORE which determines if there is a fork or not ?

I think I am just more curious, I just don't get why people would not upgrade, i mean  newer most of the times means better, less bugs etc.
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August 17, 2014, 02:48:26 PM
 #43

Updating isn't always important. The main benefits to updating are personal security and new features - occasionally there could be a network security update. If a full node operator isn't using the node to store bitcoin, they don't need to update for personal security, and they certainly don't need to update for the new features. They only need to update if there's a network security update or a fork, which is rare.

There is almost never a fork - it happened with version 8.0, but only because of a bug. Most versions of the bitcoin core client are compatible with the same bitcoin protocol.

EDIT - To clarify, bitcoin is a consensus driven network. A fork only happens if a fundamental rule of the network is changed. Most updates to bitcoind don't change the rules of the network, so they don't cause a fork - therefore running an older version doesn't break compatibility.
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August 20, 2014, 04:49:19 PM
 #44

I see a lot of alt-coins use what is called "Proof of Stake"... That gives them an incentive to be full nodes, at least some of the time. Maybe not all the time.

Kprawn (OP)
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August 20, 2014, 07:03:24 PM
 #45

I see a lot of alt-coins use what is called "Proof of Stake"... That gives them an incentive to be full nodes, at least some of the time. Maybe not all the time.

Well then it's not impossible to implement. And yes this is just a debate for a request I made. See thread Subject.

One of BTC strongest claim, is it's decentralized nature. {This is being threatened, by less people, running full nodes} Exaggerated but still true.

Why not implement something that is a incentive to keep it that way. {decentralized}

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August 22, 2014, 03:33:32 PM
 #46

I see a lot of alt-coins use what is called "Proof of Stake"... That gives them an incentive to be full nodes, at least some of the time. Maybe not all the time.

Well then it's not impossible to implement. And yes this is just a debate for a request I made. See thread Subject.

One of BTC strongest claim, is it's decentralized nature. {This is being threatened, by less people, running full nodes} Exaggerated but still true.

Why not implement something that is a incentive to keep it that way. {decentralized}

I suggest you read up on proof of stake. Bitcoin secures the network by proving that enough work (in the form of computing really low hash values) was put into generating a block that it would be (almost) impossible to have forged it. The proof-of-stake altcoins secure the network by proving that enough coin days were destroyed (I suggest you read up on what that means) in the process of generating a block that it would be (almost) impossible to have forged it. I have a much better understanding of how proof-of-work actually works than proof-of-stake, so I'm not really in a position to explain it better. But what I can tell you is that changing bitcoin over to proof-of-stake would be a huge change in the security model of the network. It would destroy some trust, and there's almost no chance it will happen without an extremely strong reason (stronger even than loss of some decentralization). The only way that could happen is if the current security model breaks somehow (51% attack, SHA-256 broken, etc), and even then other solutions would be considered first.

The reason not to implement something that is an incentive to keep bitcoin decentralized is that we don't know how to without either breaking trust in the network or adding an element of trust in a third party.
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