Monetizing Full Nodes hackathon project - Alex Bosworth, Nathan Basanese, Michael Folkson

1. Monetizing Full Nodes

2. How lightning nodes are perceived

3. How we envisage lightning nodes
Alice Bob

4. Lightning Transaction @ Bcoin
hackathon
Nathan
Alex

5. How will lightning nodes monetize?
• Offer both off-chain and lightning transactions
• Information on users’ transactions
• Ability to sell other services to users
• Provide users opportunities to earn Bitcoin
themselves (e.g. 21 Earn)

6. • Bcoin runs everywhere and everyone can hack
on it
• Bcoin could be part of every browser (maximal
decentralization)
• Increases the resilience of the P2P network
(alternative implementation)

7. Oracle services
• Users enter into P2P risk contracts (e.g. on
RiskBazaar, Augur)
• Allocate a lightning node as the oracle
• Lightning node reports on events / answers
questions for a fee e.g. state of blockchain

8. Solving the block size debate
• Incentivizing the running of Bitcoin full node
• More people running full nodes -> More
decentralization
• Ability to generate revenue will make it more
affordable to run full node with bigger blocks

9. P2P Contract on RiskBazaar

10. Laolu (Roasbeef)’s node
Michael Nathan
“Laolu – did the kids receive the Bcoin
hackathon prize of 1BTC on the blockchain?”