Unlocking the Trillion $ Liquidity of the BTC Hodlrs,
is not easy.
That said (This is a long post for my own research/sanity purposes, so if you have something to do, move on please, OR LISTEN TO THIS BILLION DOLLAR BABIES CUT :) )
The current BTC dPOS DEFI Developer Frenzy
aka the adoption of the Spiderchain to protect synthBTC and scale-out of SC EVM solutions
on pegged Layer 1 BTC, which is
taking advantage of Botanix's breakthrough Taproot leveraged advances augmented with Random MultiSig Protection per block,
so as to deploy existing and new ETH SC EVMs running @ Global Scale TPS
Yes, you read that right,
Is getting bigger every passing day.
The above trend
means any crypto project lead for SCs running on ETH VMs
has a decision in front of them as simple as
Pivot to BTC DEFI or Perish?
OR
Is their potential 'Pivot to Spiderchain' consideration
less due
to what is a BTC Taproot unleashed Monumental Tech Change in BTC
created by Botanix (Really one guy in Belgium)
But,
is really a 'potential pivot decision'
led by SC VM Project Leadership and Community Greed,
characterized more as a
'ready, fire, aim' reaction
driven by their leadership and Community FOMA 'ing' at the mouth
(FOMA- Fear of Missing Out)
Or
It could be an existing blockchain project like #Solana,
which after seeing what the #Spiderchain is capable of,
wants to use a Solana version of the Spiderchain (under #Botanix licensed support) to peg what would be a Layer 2 'Synthetic' SOL on top of the L1 Sol to,
Create a much faster TPC layer of SOL DEFI using the SVM running SOL Smart Contracts
to get 10X or even 100X (w/ zones) faster micro payments and crazy big TPS @ global scale,
which is WAY beyond what even Solana's Layer 1 Blockchain ( #ProofofHistory) is capable of doing today.
(115,000 TPS is what the founder of Solana thinks its capable of delivering, however in the real world no one has seen SOLANA Layer1 TPS "Transactions per Second" get any higher than 65,000 tps).
In theory, if 'zoned' properly, the Spiderchain looks like it could scale even in a first incarnation to beyond 1,000,000 (one million) tps .
Again in theory (and imo), Spiderchain enabled blockchains setup this suggested 'Solana/Spiderchain' way for example,
could be easily capable of handling the supposed IoT machine to machine payments volume envisioned by 'sages' (ie IOTA) in that market space.
Independent of Solana or any other blockchain for that matter, operating as a new L DEFI SC+VM layer using whatever VM the developer decides to use.
SpiderChain,
Add your own (Superfast) VM and conquer the Layer 2 Defi World, courtesy of Botanix, on what ever Layer 1 Blockchain you want use?
Yup, the above is actually possible, IF you can get the Alisia Painter, the #Botanix co-founder's undivided attention with a decent business pitch to 'out duel' the other DEFI projects now trying to do the same.
Celestia VM and Spiderchain?
Heck , if a developer was really getting adventurous, they could even decide to use the Super Fast VM created by #Celestia (the modular Blockchain builder spawned out of University of Toronto) with their #SWAY SC programming language gobbling as much multi-core, multi-threaded CPU and RAM your SC might need protected by the Botanix Spiderchain.
Heck, even Celestia in theory, could use Spiderchain to build a Layer 2 DEFI Global network with Million TPS scalability pegging synthetic TIA on top Layer 1 TIA settled Celestia Blockchain.
Spiderchain the future of BTC DEFI and much much more?
Seriously, Spiderchain's scope of applicability and its 'license to anyone model' with the technical ability to enhance the amount of TPS Layer 2 DEFI transaction settlement throughput of most any blockchain @ a global scale,
does indeed Boggle the Brain, really. ^*&!!?
imo
The Spiderchain Effect is going to be HUGE
But do Do some research first..
Manifests itself as any VM SC Project team looking at Spiderchain as an opportunity to move their project's SC VM Layer 2 Blockchain solution on to Botanix's innovative L2 'peg in/peg out' synthetic BTC Spiderchain network,
protected by randomized multi-sig crypto protection per block at speed with scale...
it would be first wise by any developer to consider
briefly revisiting and researching the IOTA journey into dPOS SC land as well, to help
IOTA, The 'IoT Wunderproject', from days gone by WTF happened!?
Imo, any project team thinking about Spiderchain, should first
consider the amount of time and effort it took IOTA to get their SCs working as a dPOS solution working on what was in the day, break-thru DAG tech, as an interim fix only SHIMMER
(I still don't get Shimmer. what it does and why it took so long)
There are some hard lessons (good and bad) to be learned... looking at IOTA
IOTA worked hard to create their own SC PoS language Shimmer to work over top of their DAG
BUT, did IOTA really have the software architecture figured out before they pivoted,
or was this a FOMA,
a greed driven pivot (by one or more of the founders)
purely because the leadership at IOTA felt they were missing out on the first ETH SC bonanza
the one being experienced by all those DEFI and Gaming solutions running ERC20 EVM powered Solidity 'DEFI' Smart Contracts?
Anyone getting an IOTA historical education journey of what not to do
will likely in reviewing their past pivot faux pas,
Learn Some Valuable Project PIVOT Lessons:
Cuz Scaling Layer 2 Smart Contract/VM DEFI TPS @Globalscale is not easy!
Reading about IOTA's journey is not quite as simple as looking at their sideways shitcoin marketcap valuation progress, ("The market has spoken therefore what happened to IOTA tells us it's a shitcoin", not.)
What I have learned reviewing IOTA's journey is their PIVOT has revealed some secrets
to me as to
how to go about crafting DEFI Layer 2 Solutions @ Global TPS scale
(Using the SpiderChain Example)
to create a more efficient, distributed, elastic scale up/out on demand DEFI SC governed SaaS or Application set of capabilities(without whatever Layer 1 Blockchain you want, really, IF you can get, for example, Botanix to license youyour own Spiderchain), complete with SC governance/settlement of resource use serving Workload volumes as they come and go, just generally, keeping Spiderchain as a backdrop, when thinking this stuff through.
Which I have shared in this post with a couple of Spiderchain enabled Layer2 'Global TPS' DEFI network idea examples above,
namely Solana and Celestia
To get your creative developer thoughts going. :)
(I will save the Inter-Spiderchain and Intra-Spiderchain zoning discussions for later ;) )
Anyway digressing a bit: TK's 'too late pivot'
in the spirit of full disclosure,
I followed the IOTA project closely from 2017 to about 2022, as I was looking to build a solution on IOTA to enable a pay for IoT sensor data use SaaS project which morphed into Digital Twins, then was still born for some reasons I don't care to discuss :/
It was partly because around 2021,
IOTA made what was really a bad FOMA driven pivot into PoS SCs to get into the SC fray.
imo IOTA should have finished what they started and stayed focused on IoT sensor support and got the IoT sensing working at scale in the first place,
rather than have FOMA panic set in when IOTAs price collapsed, do largely to lack of interest in how IOTA was going about connecting devices and not providing any mining or DPOS staking incentives to get the network growth they needed to be successful.
As such, IOTA management got distracted in the dPOS hype and as a result
IOTA missed the real opportunity and
lost a lot of community dev support
which was largely focused on creating their IoT device support at the edge ,
and as such missed the opportunity as I stated before
to move their IOTA community dev led IoT edge sensor work into the WASM 'works securely in containers' surge...
to make it easy for users operating their nodes to deploy IOTA sensor based solutions to the Cloud and Internet edge with Kubernetes based provisioning of docker containerized IoT sensor apps ot IoT gateways.
NIH 'Not invented here' and Founder F'ups imo crippled IOTAs thinking and had them pivot at the wrong time.
Pivot? What Pivot? Keep your head down and carry on coding... duh
So the lesson NOT learned by IOTA and, learned be me later in hindsight as well,
was then and, is till today
when there is a project pivot,
don't ignore it and just carry on, (like what I did with IOTA), instead
re-assess the project's move in terms of
-newly addressable market vs. old addressable market in competitive terms,
- try to evaluate the tech challenge of the new pivot and how long it will take and,
- if successful how much of the new addressable market actually be grabbed by the pivot
getting too deep in crypt project's tech 'doodoo' can really do harm as one may ignore the signs of a pivot and pay for it in lost time you can't get back.
Investor "Crypto Project Pivot" Radar Advice
there by as an investor,
we can all be reducing investment risk
by first understanding what returns are possible and likely after the pivot,
and also try to determine if
the pivot of the project direction is
1. a direct result of a monumental shift in technology use
(driving your project's need to pivot or perish)
or
2. is the pivot urge purely greed driven a fast, btm line
My advice though is don't be too loyal to the project vision and the team,
stay objective, and keep looking for signs of a pivot starting..., and start asking questions. earlier rather than later to de-risk your investment in time and also total locked value in some SC dPoS staking position.
Project Pivot Warning: Beware of Project Loyalty by Founders and Community
I did the loyalty thing too long with #IOTA and carried on for 12 months longer than I should have, all of which was time I lost in the process which I can never get back.
ouch ;/
Deja Vu, Pivot 0.2 : Maidsafe as Autonomi Network 'Reincarnated'
Let's face it, Maidsafe got caught up in the dPoS ETH FOMA Frenzy of the day and literally burned up 2 years of dev time and personal capital across multiple developers trying to get dPoS consensus to work at scale for their project, only for the founder to realize (not too late, but late enough), rightly so, the original concept was still very much sound (and dPoS back then was a PoS, per my original post on #dPoS SOTU back in the day)
#MAIDSAFE if any one cares to remember, was the very first ICO back in late 2015, as an OMNIcoin, (colored coins later) offer using the same tech Ripple XRP uses today. They raised an Incredible US $ 15M for the idea at the time, an amount which was quickly surpassed by some of the dumbest VC money ever to surface during that 2017 spike.
For the record, I eventually pivoted back in 2022 back into the MAIDSAFE project I had first pivoted away from back in late 2020, as I was getting more active reading in their Maidsafe Forum (now rebranded Autonomi Forum) , I could see from recent comments, this well thought out Internet version 2.0 idea founded as a non crypto project in 2006 and funded in 2015 as crypto project DAO, was finally late is 2022, just starting to show real #DEPIN technical advances in Github, with commits occurring at a good clip, for this project which was the Internet 2.0 and WEB3 re-imagined, and a project I had been tracking in their MAIDSAFE Forum before DEPIN was even a word.
Despite Maidsafe losing a big part of their peak 2017 following (about the time I joined) by 2021, the little team that could actually did, over many ups and downs, largely through trial and error many times, finally end up where NO other crypto project had dared to go and had gone before, MAIDSAFE had by late 2023 finally proved to themselves they ha indeed re-invented the Internet as a DAO paid for by users uploading files to node operators reserving part of their disk space to store the multiple copies of the files forever as distributed storage. Maidsafe had done the impossible and had got 'it' working in a testnet (sort of) and were morphing very quickly into a real WEB 3.0 DEPIN play. Which prompted the founder to recruit a front end for the company.
Now for the big TK Question:
Why pivot back to what many considered a failed 'shitcoin' project running on OMNIcoin?
I pivoted back largely because I had learned later in 2022 MAIDSAFE had pivoted back late in 2021 or early 2022 to their original stated purpose, which was to build the Internet 2.0 paid for with personal upload storage to safenodes protected with distributed private Quantum Computer assisted hack proof 'triple' encryption on what is an XOR CAN Kademlia technology base, and do it with renewed vigor. I could see then a small cohesive, now veteran distributed programming team and a few 'devout for the right reasons' community members were bound and determined to realize the original Maidsafe vision, after first literally learning as a team a new development environment in RUST lang with a new CI/CD tool chain and QA set of processes, that for the first time was starting to resemble a disciplined commercial software company, now cranking out testnet releases with regularity and squashing bugs too , really with what was a transformed oversized R&D department, now reduced to core contributors.
WEB 3.0 Internet 2.0: Your Keys , Your Data
MAIDSAFE, now Autonomi Network, were actually back to working on true distributed Internet network storage at scale with privacy central to what they are doing.
But now, Autonomi realized they really needed access to liquidity in the crypto space, as they were literally operating as an island with no connection to either BTC or ETH based liqudity, and in some ways they had been completely delisted from coindecko and coinmarketcap, largely because the daily trading of Maidsafe was so light on the markets still handling MAISAFE token and eMAID (ERC20) that no investor with Big Whale money to invest took the project seriously.
Now, the team and Irvine were back on track, not worrying at all about dPoS and Consensus all effort was back to DAG and lightweight PoW tech and more.
MAIDSAFE ironically has a DAG, not a blockchain (a DAG similar to the one IOTA has) and internally the 'pivot back to the original design' system was re-designed to use electronic 'cash notes' and simple, low power, really fast Proof of Work transaction protected client uploads, the latter which are chunked and copied 4 times to adjacent XOR 'close group' safenodes for safekeeping using triple encryption keys held by the file uploader, paid for once and stored forever, accessible from any machine with those user upload keys. Your keys, your data.
An Autonomi Network #Safenode Operator, if running 5 safenodes is really running five small XOR addressed routers talking among #Kamdelia 'buckets' of nodes, the nearest bucked being the 'close group' of nodes , where each safenode within their own XOR addressed close group is GOSSIPing (its an ISO Model Layer 5 protocol) to each other and some adjacent close groups to get connected and move files around and service client uploads after first advertising the upload prices to the Autonomi Client wishing to upload a file, and when safenodes come and go (for what ever reason), the remaining node are responsible for replicating the file chunks to be at least 5 reachable from their close group, so the end user Autonomi Client with the keys for that file and its distributed chunks can always get at their file's data with their keys from any machine they wish to use at the time.
Meanwhile back at the Taproot Ranch of the BTC Camp
So just as my recent research shows the BTC community has been BTC DEFI re-ignited BIG TIME recently by #taproot advances (by companies like Spiderchain finally surfacing the real value of the Taproot update)
to get the BTC community to the "SC dPoS EVM BTC DEFI" promised land" designed to unlock the Trillion Dollar Baby of Liquidity
this new surge in BTC DEFI dev activity has largely been enabled by these BTC next gen projects like Spiderchain (50+ third party projects underway) in only just in the last 12 months.
The Irvine Pivot away from BTC UTXO and Front End Hire or MaidSafe,
now Autonomi Network,
Autonomi Network under David Irvine's leadership had pivoted back (as Maidsafe circa late 2021, early 2022) to the original design and by late 2023 the testnet results proved to the small team they had figured out Internet 2.0 for the rest of us.
(The 'Irvine pivot' back to their original design intent, it should be noted, took place almost two years before Spiderchain's founder Willem Schroe really had anything working)
As a result Irvine and the small management and director team there re-branded the actual project to Autonomi Network early in 2024 (Maidsafe still exists as a company) and, to polish up the story around the value add capability and rebuild the community, Irvine and co. signed up some BIG help in the former #Gala COO and #GalaMusic CEO Sarah Buxton, who for sure had some early say in the renaming of the project. (imagine being a fly on the wall watching that 'discussion' take place. ;) )
@thebux as she is known on Twitter added a real front end of 'serious Marketing and Marketing Communications' expertise and polish. Bux imo as well added some much needed Internal Operations rigor (set some goals, resource them best you can and stay on time hitting the milestones, use common sense to adjust , yadda, yadda) to the Maidsafe team. It didn't hurt that some of the Gala Music community also joined the Autonomi camp.
The six month holiday period for @thebux, being over since July, now has Bux piloting the Maidsafe core dev and Autonomi 'tester @ scale' community, three months later, working together as a highly focused and interested tandem, the former hitting new release dates like clock work every two weeks, (complete with carping most of the time in a positive way), with devs and community working together to squash bugs each release, through what is a now 'three rewarded set of testnet Beta Waves' of testing community operated (850 people) safenodes(Peaked at 115,000 nodes across the world) installed and operated by the community at scale both as Home systems and virtual containerized HyperCloud hosted safenodes and 'MetalaaS' safenodes.
I am happy to report, as a Beta Wave 1 tester of MSWIN11 node-launchpad, the current Autonomi safenode operator capabilities of Autonomi Network all snapped together and worked nicely across multiple node operator platform types including, MS WIN11/10, Mac and Linux desktops (the latter both IA64 and AARCH64) about two weeks ago, to actually start reliably rewarding the beta participants in all three groups properly at scale with test nanos, (less a few edge cases which still need to be fixed.)
All good.
Next, the Autonomi Network API is coming is some form, and thereafter Autonomi's distributed AI capabilities, the latter being kept under wraps and led by Irvine, who has apparently been hard at work with others coding this 'little distributed secret' the past year or so.
The Itsy Bitsy Spiderchain is weaving a really big Project Count Web
Meanwhile back in budding BTC DEFI land (which was actually the original UTXO focus of MAIDSAFE)
Spiderchain (really one guy in BL at the start cracked this tough BTC DEFI problem) had figured out finally how to unlock BTCs1 Trillion US Dollar Baby of Hodlr Liquidity @ global scale... for use in DEFI, treally unlocking for the first time the real value of the Taproot BTC update, two years after the update (see my earlier note on Spiderchain via search box)
That means imo BTC Miner Fees will be passe soon on BTC,
likely the BIG shift to BTC DEFI to become the dominant growth in the BTC DEFI Extended Marketplace Market Cap will happen over the next three years.
This shift will happen as investors in the DEFI market start to see some tangible
#BTC #DEFI transaction volumes to trigger a 10X or more bigger surge of investments in that BTC DEFI space (vs the earlier #ETH DEFI surge),
I say this given what I have observed to be the accelerating RAPID pace and number of projects working on BTC DEFI development ramping up in that BTC world right now on #Github.
How the above trend relates to the current SOTU @ Autonomi Network's Pivot.
Autonomi's pivot to dPoS and #ERC20 Ethereum to tap into that store of liquidity at first glance, seems to defy the causal investor onlooker's logic.
Investors might be looking at Autonomi's recent pivot 'back to ETH and ERC20' saying
'Hey Maidsafe were already working on BTC #UTXO settlement, why change to Ethereum dPoS?'
Of course the Irvine pivot got to ETH and ERC20 as the 'interim token' got some of the Maidsafe community veteran #OGs cranked up enough to leave (a few of those key OGs are now back).
Well think about the Irvine Pivot to ERC20 this way:
As an Autonomi Network client uploader, one may not have any Autonomi Tokens to pay for the upload, especially if they don't know what DEFI and dPoS really looks like in ETH land, as is the case in the BTC development community. Let's face it, the BTC Maximalists are DEFI neophytes by and large (although many of them do more than dabble in dPoS in ETH and Solana, et al)
So what is a poor, really knows DEFI, ETH ERC20 centric 'only uploader' to do?
Pay to upload files on Autonomi Network using #ERC20swap capable Wallets.
Autonomi Network Goes Live in '25 (January to be precise)
Well one ERC20 wallet swap solution now emerging in the Autonomi Forum chitchat solution will be ready on Autonomi Network in January 2025 in #MetaMask "king of ERC20 Swaps"
The emerging consensus example touted by key Maidsafe team members is to simply dive into your MetaMask Wallet and buy/swap some Autonomi Tokens by swapping your Ethereum ERC20 in wallet with Autonomi Token ERC20, using your Autonomi Client together with your choice of ERC20 wallet (Metamask will likely be one of the first supporting such a ERC20 ETH:ANT swap imo).
Easy, peasy, no DEX or CEX required, because the Autonomi Client knows how to access the Autonomi ERC20 based Smart Contract operating on the Ethereum version 2 dPOS version layer 1 blockchain, and the Autonomi Token by virtue of its ERC-20 form is automatically supported in the MetaMask wallet. (or any wallet supporting ERC-20 for that matter, in theory based on demand to enable such swap capabilities in wallet)
Autonomi Uploader Basic Overview: Grandma can do it.
Now as an Autonomi Network client file uploader, I can downloading and using the Autonomi Client software, upload from my phone or desktop any file for a one time low cost tiny fee, all the files I want to upload, accessible and downloadable as a copy later from anywhere from any machine with those keys, anytime, forever.
So Autonomi(formerly Maidsafe) has pivoted once again away from BTC and back to ERC20, with good reason
to do a pragmatic SC on EVM supporting dPoS, only this time the SC is operating as a gateway exchange function to act as two way repository of both Autonomi ERC20 Tokens and ETH ERC20 Tokens.
Why the Irvine Pivot now for Autonomi Network?
The Autonomi SECOND pivot away from BTC UTXO to ERC20, the latter to be the Autonomi Network interim token form,
gives Autonomi can access to
a large. ready to be served, raw addressable market in ERC20 form,
where upload spend converted to Autonomi makes use of users who know how to enable token swap in wallet.
These experienced DEFI wallet users can easily download the AN client uploader software and start uploading files, paid once,
where their data is available for ever on the Internet.
These ETH DEFI users are influencers who are really crypto savvy,
they have an ERC20 wallet, likely Metamask,
are well versed in how ERC20 swap works and via their ERC20 and an ETH on chain EVM hosting can easily swap/ convert their Ethereum ERC20 coins into Autonomi ERC20 tokens in wallet
or
convert their ETH via the Autonomi Smart Contract, acting as a simple exchange and source of Autonomi ERC20 token liquidity doing same.
Its all about the value delivered by the Autonomi Network to both the uploaders and node operators which at the moment, operates without a DEFI layer.
ERC20 for Autonomi is a convenience item for the greater ETH ERC20 market,
which is at best 1/4 the size of the BTC '1 Trillion US Dollar Baby'.
Autonomi Network: Back to the Future 2009 Style Investment, an ironic PIVOT
So ironically, Autonomi Network, after all these years of work,
is really right back in a Market phase which sees the entire 'Maidsafe of old' project,
transformed and re-energized as Autonomi Network,
really pivoting into what is some ways,
an investment and liquidity set of opportunities that to veteran crypto investors,
likely looks as BIG as the early days of BTC mining.
Which imo, means
The Autonomi Network Tokenomics, as it currently stands
To scale their network adoption globally
on about to be released as an ERC-20 Token in January of 2025
needs to be tuned a bit
to provide enough incentive to End users to to upload for a really low one time fee,
lots of pics, movies and even private data like:
- vmail,
-vconf recordings from Zoom,
-music, art, NFTs, home videos, favourite Pinterest Pics, Instagram photos
-wills, contracts , accounting archives et al
Where Autonomi Network is Operating as an
inexpensive private distributed 'For the People' cloud storage for the masses
in the MS WIN11 space first,
and that means not just MS developers, but user K12, Uni and the WIN11 SMB user
Imo
the time is right for the Autonomi Social Media and Marketing effort
to step it up a notch and
target those MS WIN11 Users in the home and SMB
to go beyond the Autonomi Network current
'crowd sourced storage for the Internet' message
currently pumped on their website
Autonomi Network Phase 1:
It's all about Uploaders, Uploaders, Uploaders,
That means technically Autonomi of course getting their node-launchpad and safenode code to work flawlessly as an End User Experience on MS WIN11 and to the extent,
I have been using MS WIN 11 node-launchpad,
which imo is
so far so good in the past two weeks and Kudos to the Maidsafe dev team in this regard.
Autonomi Tokenomic Tuning:
Now Underway.., So stay tuned
The next step? (wallet CX UX UI aside)
Fine tuning Autonomi tokenomics
which again imo,
the tuning of Autonomi Network Tokenomics Challenge
is striking a balance between
a. initial planned large volume of uploads and price of uploads which
b. offers enough incentive for people to run nodes
in order
to grow the Autonomi Network Upload Use and Node Operator Count rapidly,
because it just works (right now in fact)
and that means
casting a dragnet via marketing/social media to DEFI ERC20 wallet holders
to join Autonomi
to become regular file uploaders
encouraging these experienced DEFI warriors, the key market influencers using ERC20 wallets
to what is really the biggest raw addressable DEFI market of users out there
What to Do? (To grow the Autonomi Network into the real Internet 2.0 with Web3 Included)
(TKs '2 cents' for Maidsafe Core dev Team and the Autonomi Network Team to consider)
Autonomi imo (again this is a TK suggestion...)
needs to offset what is a TK initially suggested (on the Autonomi Network Forum) smaller amount charged per Upload onetime by an Autonomi Network Client paying upload fees
where part of those file upload fees are earned by
a. the safenode operators
and part of which is earned by
b. the Autonomi Network Foundation
which in turn,
c. pays out rewards for good works(development, marketing, etc..,)
to members of the Autonomi Network community
(The Autonomi Network Community largely being those node operators and file uploaders that will be holding an Autonomi Network ERC20 Token Swap capable wallet, like Metamask)
Which means, again imo the Autonomi Network DAO
"Distributed Autonomous Organization" algorithm needs to be 'time' tweaked to
1. keep the one time upload price really low, regardless of the Node Count and Capacity available
( readers caution, this is TK's new adjusted tokenomics suggestion which is reflected by others in the Autonomi Network Community and on their Autonomi Network Forum to the Maidsafe management team)
2. have this lower proposed upload fee be extended for a period of time until the node count is in the millions, say 50 million users
which sees the Autonomi Network #DAO issue the operators rewards at the lower amount per upload until that node count is reached,
based on periodic Autonomi Network Foundation node count audits (tempered by the receipt of node down alerts as well or say monthly intervals to get an average node count growth number per month)
AND
on the uploader side, its really important for Autonomi to
get the Autonomi Network Client Upload App for Smartphones to work ,
NOT as safenodes on Apple and Android devices
But as
an easy and fun to use Smartphone (Apple and Android) Upload client App,
with periodic special incentives to do more uploading (funded by the Autonomi Foundation)
In order to gain huge market share of privacy file uploaders
from what is a 5X larger raw addressable market (the ERC20 Market)
to starting uploading files while one-time paying really small token amounts directly with ERC20 to
pay
what is in effect
the 5X smaller safenode operator network raw addressable market,
where the safenode operators are directly incentivized by the Autonomi Network Foundation, monthly based on their monthly uptime record and paid additional ERC20 Tokens directly to their publicly registered ERC20 wallet during this <50Million safenodes period
as a reward for reliably keeping their nodes operating 24*7*365 without interruption. (Especially rewarding the small node operators under 25 nodes)
The safenode code then, need only check and keep track of local uptime, per the local clock of the device time stamp at the end of each month and then report that to the Autonomi Network Foundation Leaderboard, per the node owner's secret ID alias, and does not need to use some external NTP, or dNTP clock source. ( ie the node-launchpad managerbackground daemon checks syslog, or MS or MAC equivalent data sources for reboot count and time not online between the month in question, checks to make sure local system time has not been altered, etc.., really basic OS level scripting programming stuff ie, bash, PowerShell))
Spiderchain, Spiderchain, what it does is so damned insane :)
Lookout here comes the Spiderchain!
I am of course also a big fan of Spiderchain,
now that I more or less fully understand how it works after hitting the docs the past two weeks.
In short Spiderchain is groundbreaking tech, no one saw it coming until early 2023.
The Peg in/ Peg out synth BTC staking dPoS real BTC to support operation of SCs running EVMs using other tokens makes my head spin, where the synth BTC pegged in is protected by random multi-sig protection differently on a block by bloc basis , it's so damned elegant @ global scale, and its VM agnostic, with the co founder Alisia Painter on the record as saying they will work to support many different VMs on Different Blockchains and not just EVM on ETH.
SVM from Solana pegging synthetic Layer 2 SOL on L1 SOL for dPoS SC Application networks at scale with insane sub Second finality for 100s of thousands of TPS anyone and what is effectively Quantum Computer Hack Proof per block cryptographic protection? Where do I sign up?
Solana investors need to pay attention and coax the founder towards Spiderchain,
After all its pivot and adopt that step-change in technology for Blockchains or perish, right?
More importantly if I am Retail, Service, Distribution or Manufacturing, Where do I sign up to start running my biz on the L2 Spiderchain with TPS settlement finality and performance that is outer worldly, supporting my crypto of choice! Who needs Visa, Amex or MC when you have BTC, Eth and Solana, and Autonomi and every other crypto running their own Spiderchain.
One day we may just look back on this and realize why Banks no longer exist in their current form, as 'they' will need their own Spiderchain too. non?
Staking to run a SC on which ever VM you pick to run your very own Spiderchain version is your business, as Spiderchain has no token, its not in their business model, and Painter is on record as saying Spiderchain has only a licensing model which takes a cut of transaction settlement rewards, they are not interested in competing with other Blockchains with other tokens.
So you too can have your very own Spiderchain and earn your own rewards, your way using your token or altcoin.
Autonomi Pivots back again to BTC UTXO via Spiderchain?
Maybe some day, soon?
Heck given Autonomi Network is using ERC20 to bridge into that liquidity market with an SC hosted in an EVM perched on the ETH version Blockchain AS AN INTERIM Strategy, anything seems possible today with Spiderchain in play.
We yet may see Autonomi pivot again back to its original BTC UTXO model to also tap into that
BTC Trillion Dollar Baby of Liquidity.
Time will tell, sooner rather than later in the cryptosphere.
TK over and out. ;)
