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He makes a good point about what will happen once supply of ftm is fully in circulation. What does everyone think will happen? How will we continue to incentivise nodes

Mcjig'sNode 💥-(pugswap.io) Автор вопроса
Anon987
He makes a good point about what will happen once ...

dont know, but they have 1.5 years to figure it out

Anon987
He makes a good point about what will happen once ...

you don't actually need to incentivize nodes very much... what you need is to make it easier to run nodes

Mcjig'sNode 💥-(pugswap.io) Автор вопроса
Z
you don't actually need to incentivize nodes very ...

nodes spend quite a bit of money to maintain and operate their nodes. they are not doing it for charity

Mcjig'sNode 💥 (pugswap.io)
nodes spend quite a bit of money to maintain and o...

Right now most of the validator nodes running have <500K FTM delegated to them. Their reward for running the node itself, as opposed to simple staking of the FTM is just 15% of the 15% APR on the <500K delegated to them... so 11250 FTM / year. It's miniscule given the number of nodes right now. If the required stake is lowered, I guarantee you more people would run nodes. And yes, a very large motivator to run the node is communal interest / strengthening the network... / making your own fantom that is used elsewhere more valuable.

Z
Right now most of the validator nodes running have...

Wasn't there a vote that would make the required ftm to run a node much less?? I remember reading about it

Mcjig'sNode 💥-(pugswap.io) Автор вопроса
Z
Right now most of the validator nodes running have...

its 15% self stake plus 15% of the delegators rewards. if a delegator isnt locked. delegator gets 4%. of that the validator gets 15% of the 4%

Mcjig'sNode 💥 (pugswap.io)
its 15% self stake plus 15% of the delegators rewa...

15% self stake would be received even if they didn't run the node right?

Anon987
He makes a good point about what will happen once ...

Michael Kong was saying they are currently studying an inflationary model for Fantom like Ethereum.

Quantanamoto 👻💧
Michael Kong was saying they are currently studyin...

his comment about "studying eip1559" was in response to a deflation question, unless you're talking about a different interview but i highly doubt theyre going to make fantom INFLATIONARY

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