I think the pNode staking explanation could use an overhaul

Kind of? But kind of not? When you stake with 1750PRV, you can always get those back, in addition to rewards. But when you buy a pNode, that $400 isn’t 450PRV you can get back.

So I’m with @aaron that split staking isn’t the right phrase. But I think funded staking isn’t the clearest option.

If pNodes are part of powering the DAO, then having pNodes automatically switch off of funded staking at some point isn’t something they are likely to support.

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Yeah. But you’re not splitting the stake, you’re splitting the reward. When you buy Node, you don’t provide anything towards the stake. That $399 goes toward manufacturing and logistics costs, and paying for the work it took to design the product, not the staking. Ultimately, people are free to build their own Node devices (encouraged, even, since it’s cool to see what people create), it’s just difficult. So the $399 isn’t an investment in staking, but the price for the device. 1750 PRV is needed to stake, which is yours to cash out whenever you want. So it’s not a really a cost, but a reallocation of your money.

But if the part of the reward you split with the DAO went instead to your stake, then it would be terrible for the network, since then it’s basically the DAO paying for validators to be validators. One of the main reasons for requiring 1750 to stake is to hinder non-serious prospects from becoming validators, the other being for the PoS blockchain to determine who proposes blocks. If the Node gives you that automatically, then it defeats the whole purpose.

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I believe part of every block goes to DAO funding. Although to your point it’s always nice to have some extra funding for the DAO to improve Incognito.

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Just figured out how to quote! Cool!
Yeah, I was just saying if there was confusion, that would be the one that would make the most sense to get confused over. Thinking that buying the pnode, would get you some kind of down payment when you want to go full stake on your own. That’s all.

switching gears
Is it possible to get rid of the word stake then? Us laypeople would get confused by that word being stuck in there. Maybe, “split funding”? Has that already been offered up?

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You like these quoting skills? :sunglasses:

True enough, hmm, so the 1750 is mainly meant to be a roadblock.
Some people are wanting some way around the 1750 PRV to set up a vnode, saying it isn’t fair or something, when in reality it’s kind of set up to be that way, only for the real “go-getters”?
If so, it needs to be marketed that way, no beating the bush, just straight up-“this will not change”, why you ask, “because we don’t want non-serious people easily earning all of the rewards, the easy ones can plug and play with the pnode”. Something like that?

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I’d much prefer steak.

On a more serious note, not to sound like an absolute tool, but it’s an industry term. We definitely don’t want jargon to inhibit the layfolk, but staking is a relatively well-known process in crypto, and we wouldn’t want to exclude the people who know it either. @Jamie wrote a pretty great dictionary that we can add it to if it’s not there, and maybe do more to keep that post front and center.

As for the quoting, I’m jealous of your skills.

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Okay then steak master, let’s flush it out, so we don’t have anymore misnomers with some people getting confused over it being a loan or not.

What specifically are we trying to say that happens with concerning this name? What does it say to a person when they glance at it?
We want people to understand it is not a loan, but paying for the “hardware” and the “ability” to earn without putting too much time or effort?
So how about, “effortless staking”?
“Passive staking”?
Those seem to get the point across, right?

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Ah!
Effortless Funded Staking.
Everyone, please hold your applause and donations, I do this for you, not for me :male_detective:‍♂

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Well, that’s what I understand. I’ve probably said this before, but just in case anyone is thinking of betting their firstborn child on something I’ve said, I’m not an expert, so don’t.

The people who are probably asleep in Vietnam right now can better address this, especially the purposes for providing stake. I will say though, I’m all for being upfront, so I tentatively agree.

As for changing the term, I also cannot outright agree to any of it.
So I’m officially, temporarily taking my admin hat off.
But this thread is the start.

If funded staking can’t work, passive staking is pretty good.

Edit: Just saw “Effortless funded staking”. It’s a little long, but it’s definitely headed the right direction.

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EFS, good buddy, EFS.
Gotta get back to my normal job now :rofl:

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Can’t believe I didn’t see the acronym. And ah right, I forgot jobs exist. Since quarantine, there has been no distinction between work and non-work

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A fixed fiat price as opposed to 1750 prv would be ideal.
(1750 prv x $0.13 was $200ish back early on. Now its 1750 x $0.83 is $1452…)

so :man_shrugging:

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With the discussion going in all directions, what are we trying to solve here?

The process of unstaking, the description, or the name?
Or something completely different?

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My post on clarity has become unclear, #thwarted!

I think the name and explanation of default pNode behavior is unclear. I’m suggesting reworking the name and description.

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How about “rented staking” or “leased staking”? The capital does not belong to the node owner but once the capital is staked, both parties (node owner and network) win.

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Lol…:rofl:

Lol…:rofl:…“steak master”…uh…good one there…shame on you…lol…just kidding…:wink:

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What I suddenly feel like doing is putting a proverbial…“stake”…thru this whole business…lol…but no no…Jamie is right…what is it exactly we are trying to do here we seem to have gotten a bit lost in these woods all the while looking for a specific tree…and on a side note…I vote Aaron keep his admin hat…he has been awesome all along all things considered…thank you Aaron

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*Admin hat back on *
Thank you @Tempestblack :smiley:

This is gonna be so cool. I can’t wait for this!

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