Imo the Autonomi Network project positioning in the marketplace is drifting into “me2land’ seeking adoption by those in the blockchain world, becuase the project is leading with a SC ERC-20 reward mechanism, the incentive being ‘upkeep’ emissions rewards which de-value the original intent, one time pay with a ‘mesh of node operators’ network generated currency and use of the network with a reward split, like SIA or what ever storage project out there we wish to name.
The storage economic model for Autonomi Network is sure, different than these other storage plays, however the Autonomi network generated upload reward has an outflow problem called an ERC-20 Gateway, which robs the network of liquidity, liquidity which is generated by the network’s algorithm.
That network generation of value is ‘lottery style’ assigned to node operators, and in that sense is really completely disconnected from the investment of value placed/invested into the network by the node operators that actually make the network real.
Granted some node operators may have invested solely with philanthropy in mind, sure nd I respect that.
However to attract a LEGION of app developers to build on the Autonomi network,
there needs to be sufficient economic incentives supported by enough liquidity with a reliable payback for the investment in doing so for both the app developer at layer 3, and the layer 1 node operators.
Today there is no mechanism in the network to support either sufficient liquidity for Layer 3 App developer transaction settlement with a reliable payback to warrant either type of investment, Layer 3 Web App developer and Node Operator.
That means the prospects for both are limited to get a return on their investment in sweat equity and Hard cash to encourage the web developer to create meaningful apps and node operators to run lots of antnodes storing chunks. Why? because the latter node operators are running on life support at the moment driven by random lottery rewards assignment to be followed up with quasi random assigned upload rewards for providing quotes, and the former don’t really see an economic reason to run apps on top of the Autonomi Network that differentiate their offering versus other networks like Solana that do.
Yes ‘dave’ and other upload client variations will assist with generating upload volumes, but if the reward system stays in its current state as a lottery hit and miss assignment of rewards randomness (bingo hall like) , not many are going stay around to play this type of game.
Right now imo, Autonomi and Maidsafe have a unique window of opportunity in history here,
to offer an alternative to BTC blockchain mounted/backed by rabid power consumption and their own lottery bingo parlor game, and
provide an alternative to that money expansionist fractionalized reserve, re-hypothecation game it represents along with that of the US Stablecoins and other projects out there like CBDCs, which are just Fiat buckets, and centralized control games at that…
Autonomi, that is Maidsafe and the Autonomi community could choose to do something different and really change the world. But will we?
The DLO paper offers a glimpse into what a new prosperous world could look like operating on an Autonomi Network with DLO capabilities. DLO is a VISION with full reserve mobile digital money latched to RWA value (node equipment and software enabled operational utility of the configuration). DLO has dynamic liquidity on the Autonomi Network protecting store of value from inflation, and securing buying power for everyone,. DLO has full reserve dynamic staking of mobile digital money to back Layer 3 Web App currencies and their App transaction volumes that keeps the node runners in ‘whitelist’ control of how their digital money is dynamically DLO staked. (none of this arbitrary central control TVL ‘Total Value Locked’ crap).
Any takers or should I simply stand down and take this DLO VISION elsewhere?
Once you see how DLO works and understand DLO’s prosperity improvement impacts on consumer, investor and node operators where DLO crafts that win/win/win, you can’t un-see DLOs obvious consumer, investor and node operator advantages and the HUGE opportunity to change the world DLO+Autonomi Network represents.