Why aren't you guys announcing this stuff to the crypto media? Especially the progress on Alexandria.
Isn't there enough hype in cryptoland?
There is a small part of the protocol that we haven't decided on yet: We want to make it a requirement, in Alexandria, that when users post media they must contribute an additional small FLO fee to the miners. We believe incentivizing miners to participate in the network by requiring all users of the FLO block chain as a protocol layer to contribute to the miners in some way. This is an important anti-spam measure, as well as additional compensation for the miners' work; verifying and storing these extra protocol tx-comments and transaction data on their machines.
Q: Why not just raise FLO fees across the board (since fees are calculated by transaction size in bytes anyway)?
A: FLO users who do not participate in Alexandria should not be negatively affected by additional systems running on the block chain.
With this requirement in place, miners can receive a reward for their work above and beyond the coinbase subsidy they already collect. If no one has any objections to this, we will most likely require a 1-5 FLO fee (paid to the miners) for each new publisher / media submission added to the block chain. The protocol will ignore transactions without a fee, even if they contain valid protocol data in the tx-comment.
Seems reasonable to me, provided that there can be an adjustment of the fee later if/when the price rises sufficiently -- don't want to price people out of contributing content to the network (especially when you consider different scale economies than that in the US).
