In-depth discussions


#583

life.is.too.shor (Discord): 0x is a governance token because they do not collect any fees!


#584

life.is.too.shor (Discord): Blocknet generates a profit


#585

life.is.too.shor (Discord): Whether the profit is paid in block or bitconnect token


#586

life.is.too.shor (Discord): They will always be equivalent in USD value at the time they are paid


#587

life.is.too.shor (Discord): This whole but pressure is an illusion


#588

life.is.too.shor (Discord): I cannot emphasize enough that Block is not a governance token because it collect fees unlike 0x or other governance tokens


#589

Jazzy (Discord): So in that case the value prop is the fee collection in native currencies (of the same value as would be applied to BLOCK), making node ownership the incentive. I can see the reasoning, but it changes the value prop between stakers and nodes to significantly more benefit the nodes (sharing fees is stakers is hard anyway, with native currencies may be impossible) and kills that incentive for staking.


#590

life.is.too.shor (Discord): Correct


#591

life.is.too.shor (Discord): I definitely does not kill the incentive for staking though


#592

Jazzy (Discord): It kills the 30% fee share incentive


#593

life.is.too.shor (Discord): If you are losing 9% per year (or whatever) that’s a big incentive to stake


#594

life.is.too.shor (Discord): That 30% is not a profit at equilibrium though


#595

life.is.too.shor (Discord): Staking is a profit vs non-stakers though


#596

Jazzy (Discord): Staking is not profit


#597

Jazzy (Discord): Staking is not getting inflated


#598

life.is.too.shor (Discord): I believe they will have to lower the nodes requirements anyway


#599

life.is.too.shor (Discord): Which will be a loss to all nodes


#600

Jazzy (Discord): That could be a reasonable compromise


#601

life.is.too.shor (Discord): Yes even though I have node now, I think it needs to lowered at some point,


#602

life.is.too.shor (Discord): And to be clear this discussion re 30% to stakers is a result of the new single tier block reward structure to be implemented, rather than whether fees are paid in block or native