Quote from: KLONE on April 06, 2019, 12:12:01 PM

Quote from: Brock Landers on April 04, 2019, 06:09:27 AM

Quote from: KLONE on April 04, 2019, 04:55:49 AM

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.

Far too early to be thinking like this, priority is electing skilled sys admins and developers to finish the tech and grow adoption of DLT, jl777 added 5% reward for KMD investors so everyone is taken care of, no need to worry about notary profits getting too big, KMD barely above $1 lol

I disagree, the concentration of NN is bad for decentralisation and if it starts it'll be hard to undo coz notaries don't compete like PoW miners, so there'll always be a worry about collusion (even just a perception) if multiple NN are operated by a small clique of insiders who aren't required by the system to either compete in mining and invest in hardware, or put their capital on the line with PoS. That's why P-Trump is trying to encourage as many people to run as possible now before season 1 & 2 veterans run again and get more NN, and offering some voter bribes is a way to level the playing field with established NN who have good reps and more rusted on voter support from established relationships.

Crypto consensus is built on competition and risk/reward game theory dynamics, and as good as komodo dPoW system is technically, a weakness is the NN operators don't have to compete directly and don't have to invest much $$, so there's a risk of ending up with an insiders circle jerk when what we really want is 64 independent NN.

I disagree with this because there are many flawed assumptions in it

1. Collusion : This doesnt make sense. notarizations are public and in the worst case can only refuse to notarize. This is all publically visible so it would be easy to see who isnt working well with the others.

2. bad for decentralization: 25% of the coin can be mined by anyone, so anyone can participate. Cheaper to get ASICs for the 1.2% coin generation than to buy your way to a spot.

3. Not required to compete in mining and invest in hardware: definitely not true, there is competition among notary nodes ( mempool hunting ) and competition with the FFA miners, and running a top 30 node without a good server costs money. And this isnt including the costs of keeping up with jl777s updates, which is a job in itself and will only get harder in the future .

4. Small clique of insiders: Even now there is over 100 people working as notaries/ with notaries or trying to become notaries. Its open to anyone to join, how is this a) small and b) insiders. Every election so far people without the ability to vote themselves in have been elected.

Notary nodes have one job and thats to notarize. Who does it is pretty irrelevant, and the nodes on the network they are notarizing to will reject fake notarizations and the misbehaving Notary outs themselves as a bad actor.

With KMDs notary system I would argue it is MORE decentralized than 99% of coins which only have a few pools mining everything.