Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 106. (Read 1192053 times)

I have a lot of KMD so I am doing well in crypto assets, but I don't trade or mine coins so I have no crypto income as such. I could sell the 5% interest and live off that comfortably, and eventually I will need to do that (or run a NN myself), but selling will slowly diminish my VOTE, and in these early years I value the VOTE very highly as it allows me to have some influence over how komodo evolves in these formative years.

The notaries will always play a critical part in the ecosystem, not just technically from notarising, but also in providing talent in other areas like governance, infrastructure, marketing, assisting jl777 with dev work, and generally keeping the platform as decentralized and open as possible.

There will always be a tendency for existing NN operators to form personal bonds and support each other, and this is natural and not something we should ever discourage, BUT, it is a powerful centralizing force if it means we end up having a few guys in the inner sanctum running multiple NN and new guys without capital to buy enough KMD to elect themselves don't get a chance. Think of jl777 like a President/Prime Minister, is it better to have 4 guys in the Cabinet or 40?

I understand some people don't like this approach, but I want to have some influence for at least 5-7 elections and getting some rev share will help me to do that. I know it's a bad look for some people (selling VOTES), but outside family and very close friends most interactions are 'transactional' in nature - you give me something I want and I'll give you something you want in return - even if the thing we are giving/receiving is 'good vibes' from some non monetary interactions.

For some KMD holders the thing they get in return for their vote is some peace of mind from supporting a candidate they appreciate, and from knowing they supported someone who will run a good NN, and that's great, I totally get that, but the voter turnout indicates a lot of small/medium holders don't value that satisfaction highly enough to bother voting at all, and that further advantages incumbents and their supporters who will always vote.

If I keep my VOTE % around the current level I can keep the door open for new talent for a few years, and all I will ever get is a rev share in their first year, or if they don't make the top 30.

As I find myself spending more time learning about the komodo project, it opens up more questions that a non-tech person like me
has a hard time comprehending. Please take that into consideration as I post questions


native vs lite

is it safe to say to following...

lite is when you don't download the entire blockchain?

native is when you download the entire blockchain?

If this is correct, what are the benefits of downloading the entire blockchain when I can just go into my wallet using the lite?


Also, now don't flame me please... what does spv mode stand for?


Thanks in advance!

Thank you all for being so helpful. It is nice to see a community that actually cares and doesn't insult a post from a newbie.

Hey man, it's good to be a whale and support new guys but why you got to take any profit share for yourself? Just vote for the best guys who help komodo platform, your rich already bro

... and get some rev share for myself if I can while I hodl KMD to maintain my VOTE in these early years.

I will continue using my ~2.7% of VOTE to support new entrants to the KMD community who demonstrate they can run a high quality NN, and who don't mind sharing some profits with their voters in the first year to get the opportunity. Remember, anyone who consistently stays in the top 30 doesn't need any further help from voters, so rev sharing is only ever going to be a consideration for new entrants, and NN operators who performed in the bottom 50% the previous year.

Community pools make sense to me but probably not enough time to get them up and running for this election. I would not set one up myself but would support them if they needed it, but I doubt that would be the case now, the election results seem to show that candidates offering some rev shares did pretty well, and I don't see that trend changing next year.

I would suggest pools offer a tiered rev share structure based on kmd price, at current prices some NN will not be that profitable, and if prices drop further the critical goal is keeping the NN up and running, not paying out rev shares. Next election I think we will see more thought put into rev share formulas.

Having top 30 operators run again and secure multiple NN's is not ideal IMO, but perfectly acceptable in a competitive process, and this happened this year to some extent. I would never advocate trying to ban this, but I do like having countervailing forces at work to push back the other way towards increasing the number of single node operators, and community pools can help do that.

The network can run perfectly fine with a small number of operators running multiple notaries, but the benefits of having more talented people with income sources working in the ecosystem should be obvious to everyone, and notary operators obviously do more than just run notary nodes.

Which game-changing features BarteDEX can bring to traders, investors with their platform and services?

It's amazing to see BarteDEX grown very fast like this. Congratulations KOMODO team and the project, generally.
Hope that BarteDEX will have more breaking features for traders community.

I'm not an 'insider', and not a tech person myself, so unless jl777 starts endorsing candidates as having superior coding attributes (which I don't think is a good idea) I'm not in a good position to judge those aspects unless I use third party endorsements, but there are plenty of other KMD holders on the inside with tech skills who know who the superstar contributors are, so there will always be plenty of support from other sources for these candidates.

If you're thinking of running next year I can tell you now:
- if you run a NN in the top 30 from the previous year I won't consider you
- if you run in 3 or 4 regions I wont consider you
- if you successfully participate in testnet and show you have skills to run a NN I will read your proposal
- I strongly favor single region independent candidates, I would try to avoid sock puppets
- if you offer some rev share to voters I will be 'grateful' and add you to my shortlist
- it's not simply who offers the largest rev share, 10% and up would get you on my shortlist, then I pick the best overall candidate(s)

Great collection of crypto.. Enjoy! KMD is here

Wow, stiff competition in the AR region. Meshbits just got knocked off. I voted for you meshbits, and even if you don't make it, I definitely appreciate everything you have done so far.