This is hardly about a nice gesture I have carefully read the statements made by David, the team and advanced members of the community that - the ERC20 Token network is a forced solution due to the unfinished nature of the Native network, and thus exchanges and partners were not interested in incurring expenses for the purpose of launching a completely new and thus risky network. The second issue was regulation and legal requirements, the Ethereum ecosystem is proven and makes it easy to meet regulatory requirements, and this allows for the launch of a commercial network but goes against Autonomi.
So if a second Native network was launched then it would be possible to continue working on the original assumptions without the impediments of how to meet regulatory requirements, at the same time as you write yourself there will have to be such a network anyway, so maintaining two twin code bases (talk about part of a shared network) will not be much more of a problem than all those that have been overcome over the 18 years of the project. And there would be many more benefits, as any compromises in such a novel technology will only prolong the work and increase the expense.
Iām not sure whether you are for or against :), because here you are in favour:
And here you are even against it:
And here I think you are in favour again
With the proposal for two networks, I made the case for such an idea, and whether two networks remain or are merged, or whether yet another option emerges, the future will tell, it is now just a matter of finding the optimum step forward so as to ensure the coherence of the project and maintain its credibility. For the time being, David has yet to say whether this would be beneficial and ultimately create added value, or whether it would be detrimental to the project.
Could the community raise funds to develop the native token? Weāve invested in the network beforeāwhy canāt we collectively fund this to bring it over the finish line? This assumes, of course, that the team is okay with it. We could proceed with ERC for now but have the community fund developers to complete our native token sooner rather than later.
We could partner with factory.ai or cosine.sh/genie to accelerate the tokenās development. These companies want to showcase their products and are actively looking for people to work with, and we need a native token.
On cosine.shās homepage āIf you wish to talk to us about our model feel free to reach out.ā
We have a team meeting on Tuesday. I can bring up your idea on a community fundraiser for a dedicated developer who is solely working on the native token. Out of curiosity from the community, what is your thought on this, and level of support for another fundraiser? You all have done so much, as many of you have been here for over a decade.
Is there anything left in the Bamboo Garden fund?
Maybe I missed it - or it was confidential - but I am unaware of this resource ever having been tapped.
Aye - 2 countries separated by a common language
By ātappedā I mean - has the fund ever been used for anything?
Your response seems to indicate that it has and it is paying(perhaps partly) for the recent new hires.
My further question then is - Can the BGF afford to hire a Native Token dev?
As I mentioned I will happy bring the idea of a dedicated native token dev. As for our finances, Im not really qualified or knowledgeable enough to answer those questions, or know what I can share. I have never seen the books, but last time I asked about funding, I was assured we do not have any worries at this time.
I donāt know if it would be possible on his end or ours, since DBCs were ruled out, but it would be interesting to see what comes out of that collaboration.
It could be, or could be a massive boost, depending on whether it strengthens or weakens the main network.
The ability for any community around an ERC20 token to earn their own token by running modified-Autonomi nodes to support what could be kind of their projectās own decentralised āintranetā is an interesting, and potentially disruptive concept.
I canāt think of any in crypto, but expect there are many examples of people / companies who developed innovative technologies and someone else commercialised it more successfully.
So, I think itās possible that a bigger & better resourced community could outpace Autonomiās early growth based around a fork that uses their own token. But of course itās not inevitable, as they & their community likely wonāt have a vision for it, whereas Autonomi and its community will have.
What Iām saying in all of those quotes is that I think there will need to be test networks for the Native token, but not ongoing separate networks for ERC20 and Native. Once Native is developed, it should become part of the main network & not continue separately.
The first one was saying it may be worth doing a comnet with native token for dabbling ahead of an official native testnet, but was never supportive of the idea of dual ongoing networks.
Iād consider chipping in a bit if it helps speed up delivery of the Native token by keeping development going while the rest of the team is laser focused on delivering the ERC20 version.
Itāll be interesting to hear what the team thinks about the concept and whether it may be possible without being a distraction to the focus on launch.
Originally BTC was forked to create LTC. A now dead project called Lucky Coin (LKY) forked LTC. Dogecoin then forked LKY (Although most people just say Doge is a LTC fork).
With a 19B market cap (#8), I would consider Dogecoin much more successful then LTC with a market cap of 5.2B (#20) or a dead coin.
Although not as successful as BTC, the BitcoinCash (BCH) fork was pretty successful. They built some real utility that was needed in the first days of crypto by drastically decreasing gas prices, offering scaling options, and is a much faster network.
You see its the node that accepts the chunk that enforces the payment of the royalty to be paid. If the node s/w is modified to not enforce that then the clients choosing that node to upload the chunk to will not be required to pay the royalty if they donāt want to.
Due to the way nodes are chosen, one node will not do much since only chunks that land very close to that nodeās xor address have an opportunity to use that node. But if the worldwide community agree with the upgrade (mod to remove royalty) then royalty will not be enforced by the nodes. The foundation cannot control that.
A hard fork will be a new network with the modified (or not) software, new network keys and no data.
So tell me if the foundation (or Maidsafe) can stop you or everyone from using a modified node software. Some of us build the node program from the source code and ran that without issue. I did with additional logging and earned without issue.
Libre Office, a distant fork of Word Perfect is quite a lot more valuable than its immediate parent open office and quite a lot better than Word Perfect when it was killed off by Microsoft who basically gave away MS office back in the 80ās/90ās to government for cheap, schools for free, universities for cheap, etc so that Word Perfect would not be selected except for people who wanted a fully functional word processor. MS Word couldnāt even get indexes to work right and have correct page numbers in the table of contents back then.
If you look at Autonomi as a token network then its more than possible. But the issue is that in the context you are asking then in my opinion then Autonomi will be the best unless they stuff up something real bad or stop development. This means native token has to be introduced within a reasonable & smallish timeframe (1 or 2 years max)
You see its the data, and once the amount of valuable data exceeds a certain tipping point then any clone/hard fork will have too much ground to catch up to be a general purpose data network bigger than Autonomi.
Now specialised networks is a different story. Universities, libraries, and similar where their hard forked network incorporates copyright control, lending rules, tokens for controlling resources, nodes do not earn as such. OR maybe businesses with 100K employees of more for instance.
But to see Autonomi as a token/blockchain network that can just be forked with a new idea misses the point that the networkās real worth is the data it holds and hard forking it for the token is not going to go very well. It will be a very hard battle, on my opinion, to grow past a maturing Autonomi network that passed that tipping point. How long to the tipping point? Maybe a few PB or a few big Data databases, you see the data is worth so much more than the flavour of token. Forking the network for just the token is folly since there are so many blockchains out there that will do whatever people fork the token for.
Disclaimer: My opinion/analysis above is using the assumption that network will be workable at Jan launch and the Native token will be introduced in a reasonable time frame (1 to 2 years). If the native token is not introduced then I agree that forking could become a sport so to speak.