Correct me if I'm wrong BUT
I didn't see anything in the proposal regarding "Validators"- just lessening payouts to License holders. Wouldn't nodes/validators continue to be paid in the same way that they have always been?
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Hey axrho - I think we are talking the same thing - I see they are called "Validator Node Licenses" on the shop page but all those names get used pretty interchangeably
Yes, they do get used interchangeably and it's very frustrating.
When Licenses originally came out- they were a way to allow people to run Validator Nodes, which would be a way to earn Tokens.
Now, if I understand correctly, License holders get Distributions- whether or not they run a Node. Which is, of course, NOT the way it was supposed to be and totally not fair to those who run Nodes.
IF I understand the economics of running Nodes correctly- they should be paid in relation to the amount of traffic they handle?
No Node= No Traffic= No Payment
Validator Nodes should, IMHO, be paid in this manner and there should be some mechanism built to provide for Node operators- whether through LPs, tolls, fees, SPL, DAO, or some other mechanism.
I totally agree with you: Validator Nodes need some ongoing funding mechanism- the 'pool' paying out to all License holders is inherently wrong and destructive. How can it be 'decent' when a central authority determines your earnings?