wow. long topic and such high emotions. just caught up on the reading
I’ve been seriously worried about this project at some points in the past - now i’m not. Not at all. we’re almost there and going at a fast pace. final product may be slightly different than originally planned but for good reasons.
that said: I will eventually want my autonomi native currency
until then ERC20 sounds like a good path the me. At this moment, nobody is going to list an unfamiliar privacy coin with a small community.
Me too, 100% I think it will come iff it’s good enough and secure with an eco system. We know that, of course, but I am very optimistic any currency model should not have full transaction history.
We will get there, but first we get data protected. I hope the currency happens quickly and in a way that is best tested and less dangerous.
Thank everyone though, it’s a long discussion, but I think we have battered this one to death for now. Let’s see the details and test results of what we have so far.
It does for me. And if it is going to be replaced by another with whatever name, that’s fine too. I just got the impression that the function on the “base layer”, that the ERC and NATIVE serve, would be opened up to anyone launching a token, and that I disagree with.
If people make currencies on top of ERC / NATIVE, I don’t mind. But in my opinion, the base layer has to be served only by the token / currency that MAID is representative of as now.
We get many many emails about listing per day. Previously it was not an issue. So now we have to get listed, but not point listing with no network. The last few months have been the time to try and get listing set up.
It is a brick wall, folk want to list with zero or tiny software integration beyond selecting a token name. Getting them to accept a node to connect to an unknown network is just not happening. The exchanges are regulated to risk free or else they are not capable or interested in the work required.
This is why even Avalanche gave up on the DAG based thing, at least it’s what I have heard.
Sorry I misread your comments (happens a lot here I think) and it makes sense now.
Yes, this is where I feel currencies will happen. I personally want to create one that is AI related (well more robotics), but it will run ON on the network and not be running the network.
People might hate this analogy, but the network token (on eth or in its native form) is like Ethereum on the Ethereum network. Other currencies are similar to alt tokens.
And just to be clear - while mentioning ethereum network - worth noting again that we’re not talking main-net but L2 to make use of lower cost, tested tools, and community/comms support
I quite like the idea of there being token competition on Autonomi.
Why not have operators accept 2 or more? Why not have users being able to choose which to use?
The result could be an internal market for native tokens - spend what you earn. Then another market for erc-20 tokens (or whatever) - spend what you buy (with fiat).
Both could be options to pay for storage. Long term, the network effect should drive out ‘bad’ money. The native token is likely to be the ‘best’ token. Exchanges may then choose to support the native token, which has essentially been ‘gifted’ value by the other token(s).
Are we saying later on we can pay for uploads using any of a number of tokens setup by various entities on the network or just the native Autonomi token
The time for folk to get alternative currencies going will not be short, but it can start on launch. Then as things move on and say there is a currency that has a great eco system and speed/cost etc. NOTE this will take time, it cannot be done now, it will take a lot of work.
In that time then node operators will be looking saying, I could earn more with that token!! That will drive many mechanisms to do so. We likely cannot see them right now, but it should be driven by the users.
So yes, but for us to try that initially would be insane and distracting beyond belief. But later yes the market forces and innovations should take over.
My thought on that is what if there are a few different tokens and some node operators want to be paid with one of the types, and other nodes operators want another. But the uploader has only a third type. Won’t that become difficult to handle requiring on network exchanges to go between them?
David, you have no idea how incredibly frustrated I am with you now. Be happy I’m not really saying all that I’m thinking. For the sake of the project I’m holding my tongue.
Human beings are a strange thing… I am extremely happy with the decisions you have made. I have always argued that the success of the network goes through the largest mining community - Ethereum.
Interesting, that you pick this aspect of my reply but ignore the fact, that ETH is a centralised shitcoin. Never thought you would endorse the integration of such a technology. This change of mind must have to do with your personal matters but it is a major shift in ideology and everyone here should be aware of this. The consequence is a very short sighted development which undermines the original values which attracted most of us here in the first place.
Just because you believe it is doesn’t make it true. The Ethereum consensus is as censorship resistant as Bitcoin. PoW and PoS are the same thing in a different form.
