[quote=“kac-, post:39, topic:2336”]We are facing two centralization scenarios :
- minting only by security professionals/those who can afford hiring them(or buy custom sec. solutions)
- cold-locked/delegated minting
Ad.1 - yes , it’s centralization, not related to $/kWh cost but to $/securedPPCs cost.
While fear is important part of human nature, here it leads to senseless behavior: ppl don’t mint even with 50% of their stake!
You don’t mint with 50% of your experimental(!!!) distributed accounting service shares - you may be almost sure that this experiment won’t take off and your shares market value will lose 99%!
We have to stop waiting for cold locked minting and concentrate on security solutions - secure and sustainable network where paper-wallet grows 1% per year is pure delusion. R-Pi minting behind firewall is secure, R-Pi minting with single connection to your private node on VPS is super secure, close your R-Pi in the safe and it’s ultra secure. No minting is hyper risky! I mint on my day-to-day desktop with code merged from few branches.
There’s clearly to small incentive to mint, I’ll remind my proposal: vote based inflation
- minting pubkey is odd: increase inflation by mintingReward*X
- minting pubkey is even: decrease inflation by mintingReward*X
- random votes from users that don’t want to vote cancel each other
Beside minting reward there’s a voting incentive to increase/decrease inflation - few minters will try to maximize inflation, then more minters will oppose to stop dilution of their holdings, reverse, repeat. Self regulated risk/reward.[/quote]
Like that, your post came in while I was writing mine, so I didn’t take this into account.
Focus on security and improving incentive to mint and stay online is much better.