Dan Romero
@dwr.eth
Assume it was 1-click and 100% automated to deploy, run and update a Hub. How much per month would you be willing to pay to run one? No direct economic incentive other than you know you're supporting Farcaster decentralization and you have your own copy of the network. OK, if you're answer is you wouldn't run one.
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brian is live on unlonely
@briang
I’m confused Aren’t we supposed to get paid to run a hub?
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Dan Romero
@dwr.eth
Who pays you to run an Ethereum node?
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sean
@swabbie.eth
you do. and everyone else who executes a transaction. one of the key innovations of ethereum is solving the economics of running a distributed network with server compensation built into the system. https://cryptofees.info/ https://www.reddit.com/r/ethstaker/comments/xytx9m/validator_annual_expected_profits/
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Dan Romero
@dwr.eth
https://warpcast.com/dwr.eth/0x02ae52
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sean
@swabbie.eth
Interesting choice of theirs, but regardless the answer to "who pays you to run an Ethereum node" is that the gas fee payers pay the full node providers (plus newly minted ETH). I also assume the benefits to simply having read access to the system will decrease as privacy upgrades are implemented on various layers.
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Varun Srinivasan
@v
If you ran a full node anytime since the launch of Ethereum you would have earn led 0 ETH. There are a few thousand ETH nodes running that earn 0 ETH, because access to the data is valuable enough to some people. You only earn for mining or staking, which requires significant electricity or capital input.
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sean
@swabbie.eth
Validators are the core of the network. Of course there are other participants, but the network would not exist without those who actually create new blocks. The others are there because the network is already successful - due to the mining / validating benefits Validators make money for their efforts, if run properly
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Varun Srinivasan
@v
Entities that produce blocks (e.g. miners) do provable work expending compute or locking up capital. They get compensated because a) the work done is provable and b) they have to expend a lot of capital to do work. Both (a) and (b) are not true of running a full node or of running a Farcaster hub.
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