These 39 Council Member's nodes will provide proxy staking feature

Question

Hedera Community Chat ($HBAR)

Utkarsh | Wealth Ventures

These 39 Council Member's nodes will provide proxy staking feature

?

#cryptocurrency #english #hbar

0

18.03.2022

12 ответов

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Utkarsh | Wealth Ventures Автор вопроса

FrodoKEM
That was the original plan. The latest will be re...

to whom we should contact if want to become a part of community nodes ?

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18.03.2022

dilly.hh

FrodoKEM
That was the original plan. The latest will be re...

As far as I understand stand it, there will be limits on how much can be staked to a single node. However, in theory, you should be able to choose which node your tokens are staked to if you want.

0

18.03.2022

Utkarsh | Wealth Ventures Автор вопроса

Community staking itself says its permissioned thing

0

18.03.2022

dilly.hh

Utkarsh | Wealth Ventures
Community staking itself says its permissioned thi...

The minutes were referring to the rewards model for staking. Maybe I misinterpreted, but I was assuming they were referring to the difference between paying rewards to anonymous stakers (permissionless rewards) or stakers that are known/passed KYC (permissioned). I don’t think they were referring to permissioned or permissionless nodes as such.

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18.03.2022

Utkarsh | Wealth Ventures Автор вопроса

dilly.hh
The minutes were referring to the rewards model fo...

Thats also a good point. Lets wait for some solid announcement

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18.03.2022

dilly.hh

I suspect that OFAC compliance (AML) is something that Hedera wants to stay on the “right” side of. Most platforms simply ignore these types of issues and don’t care who is using/benefiting from the network. If someone is earning staking rewards from the Hedera network, there is a legitimate question to be answered regarding whether Hedera has an obligation to “know their customer” or not, in order to be OFAC compliant. Just something to think about🤔

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18.03.2022

Utkarsh | Wealth Ventures Автор вопроса

dilly.hh
I suspect that OFAC compliance (AML) is something ...

Staking is just a part of network. Hedera has already become decentralised fully & it doesn't have any KYC'ed docs of people after first 5K accounts. I'm one of the OGs, who had to pass kyc to test mainnet but u dont have to pass any kyc to create account now. So if u are creating any acc anonymously & staking on defi protocols built on hedera means u are benefitting from network without being disclosed ur identity.

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18.03.2022

dilly.hh

Utkarsh | Wealth Ventures
Staking is just a part of network. Hedera has alre...

Yes, I agree with you. However, I still think that the team feels it necessary to think through the regulatory issues on a direct staking rewards program. Take a look at this extract from the minutes, which was part of the staking rewards discussion: “Sam B. reviewed compliance-related issues and risks that accompany staking, along with risk mitigation steps and policies, such as using an IP geo-location block to prevent users from restricted jurisdictions from using the network. He also observed that a permissionless rewards model is the clear industry standard.” This tells me they are considering how to address the stopping of any staking rewards going to countries on the OFAC sanctioned list.

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18.03.2022

dilly.hh

Actually, there is also a list of individual names on the OFAC compliance list in addition to countries. Obviously, IP address monitoring helps with staying compliant on the “country” side of things. However, the individual names list is tough for any organization to deal with. Something for the lawyers to think about rather than us plebs though😂😂

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18.03.2022

Utkarsh | Wealth Ventures Автор вопроса

dilly.hh
Actually, there is also a list of individual names...

True. 😅😅

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18.03.2022

Crypto Consciousness

dilly.hh
Actually, there is also a list of individual names...

For Hedera's corporate use cases they have to stick close to regulation. Hedera processes will be deep in supply chains etc. Every step has to be kosher

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19.03.2022

FrodoKEM · Accepted Answer

FrodoKEM

That was the original plan. The latest will be revealed when they announce it I guess.

0

18.03.2022

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These 39 Council Member's nodes will provide proxy staking feature

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