What is this assumption based on?
Without subsidies we saw the network shrinking from 70k nodes to 7k within hours (I was running 3k at the end - and I would have shut them down earlier too if we weren’t testing here)
Without subsidies there wouldn’t be a network
To be clear, I’m arguing for emissions to remain the same as before in quantity, but be redirected to ecosystem development and not paid to node operators.
My suggestion wouldn’t change the amount of dilution faced by eMAID holders to their benefit or detriment.
I agree it’s good for there to be some dilution of the long term holders in favour of ecosystem participants.
In year 1, 100% of Network data will be paid for within year 1.
In year 2, nodes will not get paid for data uploaded in year 1, but only that uploaded in year 2, so their total cost of resource provision goes up because of the ‘overhead’ of year 1 data.
Year 3, the overhead is all data from years 1 + 2, and will grow again every year until the old data from year 1 becomes less than the increase in new data stored in year X.
Same effect. And reading things the ecosystem payments were a result of pushback over elimination of emissions
There was a time when that preexisting amounts that get ‘diluted’ here were called premine… Not as a good thing…
I’m glad for everyone with a large bag of (e)Maid but maximising total share never was on the table
The initial crowdsales sold “10% of the total network currency”… shareholders were promised 15%
… And imho that is what was promised and would be the right thing to deliver… Not some optimised scheme where everyone who entered early enough benefits now from hodling… I don’t think this is in the best interests of the network or our world…
Bitcoin e.g. did have quite some dilution and didn’t fail entirely I’d say
What from cents to a couple more cents? This is a network using spare resources, and true cost of storage was already paid for by the system existing anyhow. And any upgrades done later on would be done anyhow so still near zero costs.
Data centre nodes are not being designed for and anyone running them have to do their maths. But not for the design to cater for them
Please show me how 20% dilution of supply to ecosystem development leads to…
…than a 20% dilution of the supply to node operators?
But in the beginning some real use cases can easily push the needed space beyond the spare capacity… So I’d argue even though in the first year 100% of the storage will be paid for (the lower percentages of the filling do cost next to nothing so not really something node runners could earn much…) the benefit of node runners must be a significant premium on top of the cost for running for this unproven project with many uncertainties…
… I wouldn’t be running nodes for some change in benefit…
Wow, its not what I was saying. Its the elimination of that does it. What you originally wanted was total supply to be given to the (e)MAID holders till there was a lot of pushback.
The more of the supply you put into the hands of holders means there is less for farmers. And holders with a greater share will have less incentive to stop holding and spend uploading. Selling on market is usually to traders and other holders waiting for moon.
Also why would someone with many times more tokens what they could earn in a lifetime farming want to run nodes? The less %age they hold the more incentive there is for them to also run nodes
That’s because there was no market for the resources, other than the beta rewards. That’s a very different scenario to a live market for resources.
Its still upto the operators to decide that. But the more %age of total in the hands of holders reduces the amount being spent to support the use case for people to add to their existing systems.
That’s certainly not what I’ve been arguing for in this thread or others recently.
Earned test ant will be exchanged 1:1 for real ant
Yep, agree with recently
Yes, but once the test tokens weren’t being given out there was no demand to pay to upload because the network didn’t have a demand side beyond the rewards.
In the network after launch, people will be able to pay to upload data and reward nodes, which they couldn’t in the beta.
Maidsafe had their uploaders running all along
OK given Kademlia is at the core of Autonomi, and event driven with antnodes setting up and subscribing to channels ‘topically’, exchanging either system specific messages or meta data with other antnodes to get ‘Autonomi Things done’
This post from a colleague of mine working main stream in the event driven architecture space, is probably worth reading for those interested generally to develop a better understanding of how all this stuff works ‘generally’…