It’s been really eye-opening reading through these topics regarding launch planning and the challenges around launching the Native token. I hadn’t fully appreciated just how complex the technical, regulatory, and societal hurdles are. I’m fully behind the team and understand that some compromises are necessary along the way. It’s quite fitting that SafeNetwork/Autonomi, now 18 (I think) , is entering adulthood—like any grown-up, it needs to make practical adjustments to fit into the world. But making compromises now doesn’t mean losing sight of the core values. So please don’t lose the Native token down the line!
I apologise for the frustration David, and to the rest of the community.
The API crate is available in the main
branch just now. You can see it here if you want to take a look:
The only issue is, just right now, it can’t be published to crates.io
from our main
branch. Merging the API crate brought in some changes to other crates. For example, there are some changes in sn_client
that require publishing first, before the new autonomi
crate can be published. However, because we are on these two-week release cycles, we just need to wait until the next release to handle it in a graceful way. At that point, the sn_client
changes will be published, then we can publish the autonomi
crate.
The next release is due on the 24th. David, if we really wanted to expedite this and do the release sooner, we could talk perhaps about doing it on the 17th rather than 24th? Just have one extra cycle in this month, so this current cycle would be shorter.
$1
But I think what you mean is what can it buy in 10 years?
It will undoubtedly buy less of any physical commodity such as grain, steel or land because dollars are inflationary.
It will undoubtedly buy more compute or physical storage on hard drives or SSD as these are benefitting from improvements in knowledge and manufacturing.
It will undoubtedly buy less storage on Autonomi because right now $1 would buy an insane amount of storage on the network. 401TB. To be stored forever. The value will be what the market decides but it is clearly the deal of a lifetime just now.
I don’t think it will really matter in the long run what the entry point is initially for storage on Autonomi and the ERC20 token price and native token - when it is launched - will equalise in dollar terms. On ramps to the native token will be developed when the network is popular simply because of the lack of Gas fees and it being an unnecessary step by then. As well as its other advantages.
Ok, yes nodes are acually earning now, 8 nanos in 18 hours
but where are the chunks stored now. The version released some weeks ago chunks started to flow to the drive but now I can see them?
Edit
Found the chunks:
Commodities dont benefit from improvements in knowledge and manufacturing? Your logic is flawed. lots of circumstances have caused storage prices to rise. I think you misunderstand how money works if you think a dollar today is worth a dollar ten years ago. Historically tracking the value of a dollar, a contract worth a dollar, every year, forever, is only worth 50 dollars.
Since the latest update, it seems to be running but the entire localhost network shuts down from even running 5 nodes. Im seeing a lot of replication failures. All 50 nodes marked as shunned.
Not sure where to go from here.
Humming along here with v0.111.1 running on Windows 11 and NO port forwarding. 27 nanos earned in 18 hours on 50 nodes using Launchpad. 8.78 GB memory use.
Yes, commodities benefit a bit from that improvements in technology.But not to the extent that compute, storage and networking do. And yet the price in dollars or other currencies keeps going up because dollars of inflation.
A dollar will only ever be worth 1 dollar. Fact. What changes over time and where you are is what people will give you for that dollar.
When people say the value of the dollar has declined over the years, they’re referring to inflation…
Privacy. Security. Freedom
Yeah, I know, I’m just pointing out it’s not the value of the dollar that is changing and that it’s to do with inflation, scarcity, improvements in technology, etc. It’s not the dollar that is worth less or more but what it will buy. Maybe I’m just being fussy but talking about a dollar being worth less isn’t telling the whole story.
But I wish I hadn’t brought it up now because the interesting thing will be the relationship between dollar, network token and resources needed to provide the network resources.
The dollar loses value because it is debased through expanding the supply. If it was still backed by gold it would keep it’s value better.
Edit. It’s purchasing power is maybe what you are trying to say.
Anyhow a physical dollar still buys more storage now than the physical dollar did 5 years ago. And thats pretty good considering the Aluminium block they mill out is the same and costs significantly more. Or cast? not sure which really. Pretty sure its milled out
What is this Aluminium based storage of which you speak?!
I think he’s talking about the coins being made from some form of metal
That is non-US speak for the metal encasing the platters and heads
storage, hard drives, blah blah
And how that even though the metals making up magnetic rotating media are costing more dollars, the whole assembly is cheaper per TB
Oh I get it now!
Yes, the amount of materials that go into HDs hasn’t changed significantly. But their cost in dollars has gone up due to increasing scarcity and likely a bit of inflation as well. But the amount of storage that can be squeezed onto them has increased a lot due to better materials science and clever programming. I wouldn’t worry too much about the Aluminium block, drive platters or even the actuator or chips. All the cleverness goes into designing the the drive heads, the very thin coating on the platters and programming stored in the chips. It’s the research to improve them that costs a lot and that’s where the increases in capacity come from.
I have a thought about new API, autonomi
.
It’s a new layer put on top of the old API, sn_client
, instead of replacing it. It is leaving unnecessary code, while adding new, and more code is more possibilities of bugs. Old code is still not refactored, which was agreed is needed. So, we have two APIs now to be maintained, and one of them is a mess.
Moreover, tools like CLI, Auditor, Faucet etc. still depend on sn_client
, which means there is no official app based on autonomi
, so it’s still untested by the team on a real app. I think it would be a good move to base official tools on a new API as a proof of it’s stability and that it’s ready for developers` use.
In its current form, it’s an architectural and organizational error for me. I’ll probably stick to the sn_client
API until official tools start to use the new API.
This is not the case. sn_client
as a crate is depended on, but if you look closely, you’ll see that almost all of it is ‘re-exports’ of sn_networking
, sn_transfers
and sn_registers
. Most of the actual implementation is refactored/recycled code from sn_client
.
I agree. We intend to dog-feed it, but I hope that it’s also understood that refactoring code to use a different API takes time. This is actually the reason we decided not to refactor sn_client
itself, because it would slow down development of the API as we have a monorepo essentially.
Imagine how many TB we would get per $ if it was still backed by gold.