Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - next generation platform, Secured by Bitcoin
by
KLONE
on 04/04/2019, 04:55:49 UTC

Don't misunderstand me - I like the NN selection system jl777 and co. have designed, but we should never forget that the NN rewards come from a restriction on who can become a NN, and the easy mining rewards are by design anti-competitive compared to regular miners, and that's a good design IMO. BUT, this isn't like electing politicians where vote buying is obviously corrupt, this is more like selecting which large telco gets the right to roll out 5G networks, or which mining company can extract minerals from public land. The community wants reliable operators who do a good job, and the businesses want certainty so they can invest capital, time & skill.

Uncertainty is costly, and any business relying on their NN revenue streams to fund operational costs and growth in the ecosystem will not risk relying on an election every year where they have to campaign for votes, that is too uncertain, 'last year we could budget for NN rewards, but oh no, we lost the last election so for the next 12 months our revenue stream is gone' - this is a recipe for disaster, and not how successful businesses operate.

In the future when KMD MK is much larger than it is today NN candidates will look for ways to guarantee their spots over multiple years, and that will include things like competition with other NN candidates using incentives like revenue sharing, other token offerings, and discounts on various services and products offered by the NN business itself, as well as private deals with large holders.

I also hope in the future we see genuine community run nodes for small KMD holders to pool their VOTE.

This is not an outcome we should fear IMO, on the contrary, NN revenue streams will allow komodo based companies to prosper and grow without resorting to the traditional revenue sources of so many existing internet business (selling customer data and advertising), and charging exorbitant fees.

We should prepare for NN candidates to be businesses though, and expect that they will  try to secure NN 'licenses' in the future in ways that involve offering incentives to voters, and eventually I think the majority of the community will not be freaked out by revenue sharing, especially if we have genuine community pools.

In the end the community of komodo is best represented by the owners of KMD!

Good luck to ALL the 2019 NN candidates!


NN elections aren't about politics, they're about the distribution of profits from community-owned resource - the komodo network - anything over 100K per year should go back to KMD owners who can decide to donate to devs or offer bounties etc or invest in other ways. P-trump is speaking the truth, nobody will accept 100% of notary profits going to operators forever, unless they invest profits back into the community.