Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 145. (Read 1192053 times)

Don't underestimate the effort required to keep a notary up and running, and it's only going to increase as more assetchains come online with dICO's. We need reliable nodes, and if you pay peanuts you get monkeys. I hope the pendulum doesn't swing too far the other way, Yes, there are some guys sitting back making good money today who pay a manager to run their node, but early adopters always get those amazing deals, like mining bitcoins in 2010-11.

If we drive down compensation for running notaries too far, and break things, it's actually worse than having a few early adopter fat cats creaming off the profits.

It's the best chance to get in when the price has an advantage, but most people can not step on that pace, and as you can see, it's still a very good time

There'll always be good server admins willing to manage servers for peanuts, and just because they're cheap doesn't make them monkeys. THis is a free market, node managers earnings will follow the law of compensation like for everyone.

"the amount of compensation you receive is in direct proportion to; the need for what you do, your ability to do it, and ease of replacing you"

Komodo is climbing again and yet I did not have a chance to stack up when the price is at around 3 dollars or something. Missed opportunity but I will certainly rack up some more. I mean look at the current price right now , it is still a bargain in my opinion.

I agree, just saying if we go down the route of pools and such they should distribute profits after expenses and fair compensation for the server admin

What is the situation for BTCD holders? How is this not abandonment?

Power is in the hands of KMD owners, guys running nodes for other people will just stand for election themselves now, only whales can afford to pay a node manager, everyone else needs to win votes by doing good deeds and campaigning. Inactive early adopter who aren't whales have no future, maybe one last year for top 30 who don't run this time.

When KMD make next ATH @ +10$ notary earnings are +15k per month, that attracts a lot of attention, running a node isn't coding, just server admin.

Don't underestimate the effort required to keep a notary up and running, and it's only going to increase as more assetchains come online with dICO's. We need reliable nodes, and if you pay peanuts you get monkeys. I hope the pendulum doesn't swing too far the other way, Yes, there are some guys sitting back making good money today who pay a manager to run their node, but early adopters always get those amazing deals, like mining bitcoins in 2010-11.

If we drive down compensation for running notaries too far, and break things, it's actually worse than having a few early adopter fat cats creaming off the profits.

And you don't find those to be morally conflicting?

1500 KMD @ 3.90 = 5850 USD at todays prices, and this is AFTER recent crash .... and another guy does the work. Even if you paid that guy 2K USD a month, you're making ~1000 USD a week - who reading wouldn't want this deal? No risk, no stake, no (compulsory) work.

...I'm already working on an alternative to BarterDEX and maintaining my first notary...

Thanks for your offer!

My goal is to help make Komodo stronger, and that means doing things that help:

- create a reliable notary node network
- fund active people
- add value to owning KMD

IMO the best way to do that in "election 2" is by trying to help kick-start some independent community based notary pools, so every single KMD holder has a a chance to share in the monopoly profits generated by running a notary node, and not just big holders like myself, or early adopters from "election 1"

Early creation of pools is good for decentralisation of notaries, and it'll get more people participating and getting involved in supporting KMD, even if all they do is join a pool by voting. I'd love to see a +75% turn out in this election if possible, and having one or more community pools running would help achieve that.

I'm also a self interested capitalist, and I'd like a share in the notary profits myself, as I believe the rightful part owners of the monopoly profits are the KMD holders themselves, but I believe in co-operative capitalism, and I'm going for a win:win outcome in every deal if possible, and that means I want notary operators to feel they got a good deal, AND, KMD holders to think the same, even the small holders.

If small KMD holders get a chance to join a notary pool in election 2 it's a win:win for everyone, and that'll make my KMD worth more if it makes holding KMD more valuable to other guys. So notary pools are the right thing to do, and they're the smart thing to do.

The issue now is how best to create them, and do we have enough time before "election 2". Maybe this is a goal for "election 3", and we stick with the Jedi Council model for notaries for another year.

If it looks like community pools are too hard to establish this time, then I'll try and work something out for myself, so we can maybe talk then. Either way, my personal goal is to get another slice of the notary profits (last year it made a big difference to my budget), but I'll try and do it in a constructive way, coz that's obviously in my own self interest, plus I love what jl777 is trying to do here.

All I meant was 'today' - should have said that vs 'after the migration'... in what form are these 'payouts' to SuperNET holders?  

SuperNET will get approx 50% of the payout that DEX gets

SuperNET paid out almost a million dollars worth in December, it gets revshares from not just DEX, but also JUMBLR, CRYPTO and the other assets that should start revenues later

Not sure why you feel SuperNET had more value when it was a NXT asset

On February 9, 2018, the global digital currency code update rate is the first, KMD coin.

Where can I find out more information about the election and the system requestment to run a notary node?