Unless Autonomi is running out of money and they need to exit, I think the project should abandon the ERC20 path and wall this garden with the native token. Itās already been 18 years. Whats another 3 years to finish it up and polish the network so it can be truly ready.
We shouldnāt need to depend on exchanges at all. In fact, id rather them not be involved if weāre going to have a token implemented. I dont care about interoperability with any external network. I dont care about converting tokens to fiat. I dont want to deal with eth, gas, smart contracts, or any of that crypto nonsense. I only want to build on Autonomi.
A valid desire. Other people have other valid desires. Maybe wait until the technology is proven to work and join an Autonomi copy that suits your desires?
I mean ALL investors, shareholders, token holders, equity investors. ALL of them, Then added to that the financial rewards folk will get from running nodes. They need FIAT on/off ramps or else settle for many years of hoping for them eventually.
I have not said that and in fact I think itās the opposite of greed that is driving many of these folk.
I do
I donāt know where you are getting this from. We will not be owning that vast supply and never planned to. Anything the foundation had to look after would not be theirs to spend. In any case that parts under review atm.
Suggesting I hold or we control the vast sums is wrong. So perhaps we have a comms issue there, but the legal structure of the (Swiss)foundation does not allow it to benefit from any holdings it looked after for the 70% or whatever %. As I said though, that emissions is being considered further.
Storj never integrated the network ERC20 token as a way to pay for data storage and none of the decentralized data storage networks are a pay once for eternal storage, other than Autonomi.
Phala Network is a blockchain platform focused on providing secure and verifiable computation for Web3 applications. It enhances smart contracts by offering decentralized compute capabilities, making them āeven smarter.ā By utilizing Trusted Execution Environments (TEEs), specifically Intel Software Guard Extensions (SGX) hardware, Phala ensures that any code and data executed on the network are protected from unauthorized access. This means that developers can build applications with security and privacy guarantees by default.
Very interesting. I wonder if this could be combined with Scrypto . Itās an asset oriented smart contract language based on Rust.
Thanks for the responses @dirvine. Good that these are under review. Aligning with sound economic and decentralization principles is critical for the project to be successful. You didnāt address the 15% royalties though. Those should be amongst the first up for review.
@JimCollinson, have you ever invented anything that has made life changing amounts of money? (and from real revenue, not speculation). What would you know about my dreams?
Why are you turning it into an ego question? It is clear from the context that Jim is calmly responding to your specific concerns from your previous post.
English isnāt your first language, so Iāll assume you obviously missed what Jim was trying to do with ādreamsā there. And itās not his first.
I wasnāt trying to ādoā anything, just pointing out that almost all the things youāve been harping on about (specifically as they relate to the tokenomics and the subject of this thread, and not about you personally) are addressed, and I thought this would be a positive for you.
I hope you donāt go to the other communist extreme and give everything away to everyone? Bitcoin has a reserve to pay another 100 years into the future to miners, Ethereum is infinitely inflationary, the probability that Autonomi can survive without subsidies and a constant upload from the Foundation is nilā¦
We will keep it fair. My opinion (not company official or anything) is that those who work on this get paid as well as those who support it. How they do that is open for us all to partake in,
So there will be a path for paid devs for sure. As I say itās all up in the air and the team are hard at it. I am certain of a fair distribution we cn all get behind with the reality of paying devs.
Does this mean you donāt think storage on Autonomi will be a compelling enough offering to keep people paying to store data to keep nodes incentivised?
What necessary role do you think subsidies or constant uploads from foundation would play?
