I recently read an interesting little thread on twitter about

Question

I recently read an interesting little thread on twitter about

generative economics in relation to all the state channels built on mainnet 2.0 and i'm trying to wrap my head around it. Please, before you tell me to 'read the whitepaper' i'm not a computer engineer nor a NASA scientist, and my maths aint quite up to scratch to understand wyatts alien brain (although i did try). So... my question is, how is this whole generative economics model weighted by state channels and value coming into the network? I understand that a rising tide lifts all boats, but if a single state channel, lets say $ads, pumps from a 10B market cap to 500B on it's own, without any other cryptos pumping, including $dag, would this sudden rush of value into $ADS have an affect on the price of $dag? and if so, how is that calculated? Sorry if this seems silly to some of you, or if the answer is somewhere in plain sight.

#blockchain #constellation #cryptocurrency #english

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12.06.2022

5 ответов

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Luigi Автор вопроса

Fireflight
No, the price of state channel tokens won't affect...

Firstly, thanks so much for such a clear response! Makes perfect sense to me but it now opens a couple more questions if you have the time. If we look far into the future when dag is a completely thriving ecosystem of thousands of state channels and nearly all of the dag is locked up in these pools for bandwidth, then wouldn't, at some stage, it become way too expensive for anyone new to try and build on dag? It would perhaps start to even bottle neck reasonably soon once the token price gets too high for anyone to be able to afford a state channel + bandwidth

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12.06.2022

Fireflight

Luigi
Firstly, thanks so much for such a clear response!...

I think the higher the DAG price is, the more bandwidth you get with it (so ppl don't need so much DAG as they currently do, to allocate the bandwidth). But I'm not 100% sure about this. If there would be a chance that there are too few state channel nodes / DAG nodes, then they could change the requirement and lower the collateral that is needed to host a node. Right now, this is 250k DAG, but it's not set in stone, so these parameters can change in the future, should it be necessary

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12.06.2022

Luigi Автор вопроса

Fireflight
I think the higher the DAG price is, the more band...

I have heard of the 250k dag requirement for a node being flexible which is great, because it seems like an inevitability to me if dags truly wishes to scale infinitely and become what we all envision. Who knows, maybe in a few hundred years when humans are an intergalactic species and all data created is running on the network, only 1 dag will be required to run a node and build a state channel haha. anyway, thanks again

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12.06.2022

Hypergoombah

Luigi
Firstly, thanks so much for such a clear response!...

The price of dag does not impact the cost to start a state channel

0

12.06.2022

Fireflight · Accepted Answer

No, the price of state channel tokens won't affect $DAG token in any way. $DAG is a representation of how much free bandwidth a state channel gets. So for example, if they hold 100k DAG in their state channel pool, they get 1million transactions per snapshot (I'm just using fake numbers here, no clue how it's really calculated). If they hold 200k DAG, they get 2 million transactions (again, fake numbers 😉) etc... If they don't hold enough DAG to get free bandwidth, they need to pay a fee for every transaction that is above their threshold. These fees flow back into the reward pool for operators, thus refilling the reward pool (becoming self sustaining through these generative economics)

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