TLDR- why not just scrap nano and all this coin nonsense? I know it goes back to the beginning, but is it really necessary? Is it holding things up. Why not just launch a version or fork with that stuff deleted permanently.
25 years ago or so when Autonomi was first being dreamt of before the release of Bitcoin the addition of a crypto coin surely sounded like an avant-garde feature. And now the network’s coin is apparently more elegant, energy efficient and quicker or seemingly more suitable as an actual currency than a store of value like BT.
But none of that matters. The crypto coin advent was meant as a minor patch to an aspect of fiat by states and surely that is the only use that will be tolerated, which means BT only and possibly a very limited number of state backed clones run by other big states. The storm of coins were surely allowed only as part of the man’s ink cloud on launching anti laundering BT. All else will have to be forcibly retired. Almost all the crypto speculation will be disappointed and defy-fintech will get marginalized (as should have already happened.) untill AI wipes all this stuff away.
Also, the idea behind private money is just plain wrong. Same mentality as people who want private freeways, so they can control where people go and gouge for it. Its people dreaming of laundering money and evading taxes.
And its attempting to solve a problem that doesn’t exist. You don’t give ‘content providers’ price control or allow them to shift the risk in product discovery onto the public. They can be paid after the fact, voluntarily if at all and only for what an end user thinks something is worth to them and only with a mind to priming the pump for future works- just enough to keep more coming- no cash in nonsense. And AI will be doing almost all the production anyway- does Autonomi exist only because of AI? It should be all fair use!
Not a bunch of RIAA style IP delusion.
Then there is the issue of trying to impose a meter (coin) or more artificial scarcity on the digital domain as with the NFT efforts. Its a non problem, non issue.
There is also the issue of this coin just being an abstraction of cycles-bandwidth-memory and it not being a legitimate representation of that in terms of underlying costs and opening more legal and political challenge to the network. Its not on full mesh or end user owned stuff yet- the coin just makes for a weak point of political attack by paid prioritization, paid censorship focused ISPs. Also seems like it could make the network less secure and less stable and slower. And adversely affect the network’s percieved legitimacy. At least launch a version without this baggage and its silly speculation. The box has been checked and the concept explored, the is enough pedigree or credit for having explored it.
Are people still free to fork it? What percentage of the code is dedicated to the coin now. It used to be a couple of lines. How many lines of code are in Autonomi now?
I’m sympathetic to this argument. Crypto creates more problems than it solves IMO, particularly now, and to me it’s the least interesting part of the project. But one thing it can do is incentivise people to run and maintain their nodes as part of a self-sustaining ecosystem. Without some incentive, and altruism won’t work over the long term, it won’t survive.
Absolutely (as in keeping the network operations workable). Without the network token Autonomi becomes a spam fest. Also you reduce the network to a small segment of society who would even be interested in running nodes. Even the tiny amount of rewards motivates people.
And guess what Autonomi doesn’t have a coin anyhow. Its a in-network token, quite different in a number of ways and purpose. And its not a crypto asset, but digital token to exchange for resources.
That is wrong, only way to get away with such claims are because they are unbacked and no deeper explanation is given. It is wrong logic by failing inclusion or exclusion.
Just because the Autonomi coin will be a network token does not exclude it from being a crypto token/asset. It will be sold, bought, exchanged, used to pay for services, goods and stored similar to any other crypto token/asset, besides of being used to by storage resources and payed as rewards for providing storage. That is why It being a network token and digital token does not exclude that it also is a crypto coin and a crypto asset.
I so hope that logical wrong statements disappear in the future from people that should know better, as such statements will be seen as wrong and possibly misleading or manipulative or both, as one does not exclude the other in this case.
A few years ago, it mattered whether a token was created for use or trading as to whether it would be considered a security by the SEC. After they lost the case against XRP, it doesn’t matter anymore. Now the chance of MAID or autonomi tokens being considered securities is 0.
Even if XRP would have lost, that the Autonomi tokens main purpose will be as a utility to by storage on the network, should be enough to make it not a security.
Also its a basic difference between crypto projects and a simple digital token to buy and sell resources in a network. Also applies to games that have in-game tokens for buying/selling in game assets. This was pointed out as well by others.
Just because it can be traded, transferred, bought and sold doesn’t make it a crypto coin. That is just crazy to try and say a digital token / currency which there has been many in history is a crypto coin.
Autonomi has never been a crypto project and existed before they became a thing
What games have you played? This is not right. Did chatgpu tell you.
did chatgpu tell you?
did chatgpu tell you.
And you did not give definition of crypto project which is what it was being called.
Autonomi in its official foundation registration uses the terms
In-Game/In-Network Token - special meaning to the regulation authority
Autonomni themselves call it a token.
The token is not generated by doing cryptographic “work” like crypto projects do. But like banks, credit card companies and other financial institutions, Autonomi uses cryptographic means to secure payments and storage.
So does a bank holding fiat call itself a crypto project. I think not.
Stop using chatgpt to prove everyone wrong
I will add - Governments can declare anything as illegal and that doesn’t just include a crypto coin. But almost anything. So the discussion over being a in-network token is not so much about that governments will do but how it is registered with the authorities when the foundation was set up. And additionally a separate issue then what this topic is about and previously I wasn’t really addressing that side of the discussion
TLDR- why not just scrap nano and all this coin nonsense? I know it goes back to the beginning, but is it really necessary? Is it holding things up. Why not just launch a version or fork with that stuff deleted permanently.
As pointed out already I can see a way around it being needed to stop the network filling up with junk. Me wanting to upload 1TB is a very different thing from someone wanting to upload 1MB. It’s 1 million times more. I think that that has to be taken into consideration with some kind of resource allocation.
I don’t believe the token creation, transfer and auditing code is what is holding things up. I think the heavy lifting is already done for that. I gather it’s the network transport stuff and node and client performance that are the sticking points now.
Also, bit late to change / remove one of the focusses now!
When humans their 996 workhours get replaced by AI and their 247, who would want human workers?
When it comes to salaries vs costs to operate: the human part =>10.01<= the AI and part (the numbers are of course clueless speculation (maybe you could get a and pay through farming and data collection on site, this can range from radiation detection/bird sightings/spying on you )).
I suspect that’s not gonna happen, because of ICO. That would mean the coins people bought are useless. Also the team/foundation holds serious amount, so they would end up with nothing, no money for project development.
their 247, who would want human workers?
and data collection 
on site, this can range from radiation detection/bird sightings/spying on you 
)).
in the machine will probably 
.