Joking aside, I don’t think it’s a bad idea. It could be packaged up into partner deals perhaps, like the foundation wants the data of a website stored on Autonomi, so it gives their users an ANT or two to prime the pump. Marketing + user acquisition.
I was wondering the same.
The empty node payments are there to incentivise participation until the network grows to a point where the value of a coin is enough of an incentive and is used often enough to guarantee payouts.
I think that’s why emissions eventually drop of as the network economics should then be standing on their own.
I think it is working as intended.
I also think newcomers should take advantage of the low coin price on dumps as that wont be the case forever.
Well we only need 57 petabytes of data at this point.
Hold my beer, cat pics coming.
Fwiw, you could getter a better deal hosting at home though.
My mini PCs cost about £100 and earned about 100 ANTs over the same period.
More money down, but once the boxes are repaid, its free hosting. I’m on unmeter broadband, run solar panels during the day and have discount power at night.
At 15w or so, they cost me pennies a day to run and current rewards will have them paid off soon too.
Edit: note that the mini PCs are used and about 6-7 years old. They still have 8gb ram, quad core 2.5ghz ish, m.2 SSD os/app/log drives and 2TB 2.5" HDDs too.
I have no real problem with the incentives, although I’m not taking a huge advantage at the moment. The prices even suppressed aren’t really all that low for the project, historically. I just want to be able to upload stuff to the network. Having a giant network with near-free possibly persistent storage is a dream.
If large file uploads were working at the moment, I would have uploaded probably 20-30TB of data already, just by myself. You want users for this giant network? Get uploads working and the users will come.
Somebody understands these percentages in the whitepaper’s piechart? well over 100% token allocation. It be nice if this can be cleared up
It’s also interesting that all of the supply that will ever exist has already been fully distributed/minted. Peculiar choice
This is true. I may give it a go once I’ve got a base to host from later in the year. I’ve been travelling, so hosted servers has been my only decent option.
58+24+18 = 100.
The outer ring shows a more detailed breakdown of quantities, with the inner ring less detailed. E.g. Autonomi foundation’s 24% on the inner ring is split between network support (16%) and Network incentives (8%) on the outer ring.
Without this, someone would have the ability to mint more, which wouldn’t be ideal. It’s all been minted, but not all distributed.
Absolutely. But, due to ETH fees it would be a long way off free.
I uploaded 26mb for $0.06 of ETH. Not sure if that scales linearly, but if it does it’s around $2300 per tb of data in cost of uploading in ETH fees.
Perhaps I’m mistaken, but the gas fees should be in that $0.06 range regardless of how much you are uploading, assuming you do it all in one transaction.
For larger files there needs to be more transactions, as more chunks = more payments to be made to nodes to store data.
That $0.06 was made up of around 25 smaller payments to nodes, and this would grow as more is uploaded.
If Native token were implemented, then they’d be free, so it’d be very cheap to upload, but with Arbitrum it’s not possible.
This project needs to move to SOL asap, it be a fraction of the cost and more user friendly. It’s also where all of the liquidity is.
Native will take at least another 2 years of dev in my estimations, if it will ever come to fruition.
No more migration please
That’s easily solvable by just having a lottery system and reward a small subset of nodes processing the transaction.
I’m sure the team considered SOL as well as other options and decided Arbitrum was the best for now.
I hope not, but it is possible.
I don’t think Native itself is particularly challenging; it’s possible using data types that are already functioning, and native was used in testnets prior to Q4 2024.
If I understand correctly, the challenge is developing a decentralised bridging function that allows native to be interchangeable with ERC20 ANT for on/offramps / smart contracts etc.
But this time it might be the last intermediate token
“Users” of the network would be those who want to upload data - something which is not possible for everyday folk at present. Hopefully the “Dave” app will become functional soon.
I think another important aspect is, that the MaidSafe team must deem the network safe to preserve data indefinitely, before the native token is launched.
Doesn’t have to move as there is no reason it can’t be on both.
Native token already works and was tested. It’s not a dev problem, it’s a liquidity problem. We need an exchange on the network itself to allow native to convert to fiat (or other crypto) and vice-versa – onramps/offramps.
That seems wise.
Though, if Native carried additional risk at first, I expect many would be happy to hold / use small quantities for use in uploads etc, then hold bigger quantities in ERC20 ANT until the network has a longer track record.