Quote from: GameStarter on August 20, 2014, 01:29:11 PM

Quote from: synechist on August 20, 2014, 12:59:16 PM

Quote from: georgeblair on August 20, 2014, 12:52:38 PM

Quote from: synechist on August 19, 2014, 08:27:37 PM

Hi all

I'd like to confirm the news just posted here.

The XC and Qibuck devs are partnering to develop a feature that'll allow nodes to earn money.

A few details:

- We will make an official announcement about this on Friday.

- It's a particularly exciting feature that I'm not sure anyone else has thought of yet.

- The reason for the partnership is that by sharing resources we reduce both development time and costs

why no one's excited for this new development is beyond me. they're working on the tech to have every wallet be able to earn fees from routing private transactions on the network. and it makes sense to collaborate with Qibuck since they already have a passive income tech with their wallets.

XC will collaborate and help get this tech on their nodes/wallets sooner than later. awesome!

I agree completely.

I'll also add that this collaboration will result in another revenue source for nodes, unrelated to private transactions.

It look very interesting, i know XC will devellop Web 3.0 in the futur and i guess internet traffic going through nodes will generate profits. I expect severals features will generate fees using nodes as anonymous vehicule (Xchat,vocal chat, data transfert, decentralized exchange...).
It would be very interesting to discuss how income from nodes could be distributed and what it imply for the economic model.
I would like to see a progressive sliced income model. For exemple somebody who hold 10kxc in wallet would earn more fees than someone holding 500 xc. the ration of fees won would not be x20 in this case but something we could determine as fair.
It would give a winning fees advantage for first investors (and holder), motivate investors to buy more and more XC in orders to win more fees generated by futur XC features. This kind of rewards model keep investors holding XC, dry out XC supply,as results price go up progressively attracting more and more investors and users.
I think fees should be cheap and not linked to XC price evolution, because if XC price grow too much the cost for using XC technology would be too high wich imply less users/adoption and finally less fees generated. So fees would be paid with XC and the amount would vary from last average x days/hours XC price value.
So many good things are coming

Spot on. :-)

The only modification I'd make to your comment is that I think it makes sense for, say, nodes routing internet traffic to earn based on their quality of service, rather than on their wallet balance. This will ensure a high performance network that serves content effectively.

Large balances already earn interest through POS; we'd want to incentivise good network performance.