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Date

Attendees

Goals

Discussion items

TimeItemWhoNotes

Defnitions
  • Issuance - increasing the supply of token.

Incentive for Block Production
  • It is not an invalid block to only issue justifications.
  • Nash believes: Whether or not you get traffic should be a matter of luck.  All validators in a shard should be equal.
  • Greg believes: Validators should be rewarded for bringing in user traffic.
    • In essence, we want to pay for value.  User transactions or finalization.
    • Do we look at the justification tree?  Can we constrain the DAG.
      • Come up with a set of properties that we do not want in the DAG & make those slashable
      • Any paths in the justification tree have to come back to the main path.
      • Implement configurable 'knobs' that allows us to adjust as the attacks come in.   Attackers will know what the knobs are.  Makes this a very hard problem.
  • Greg's idea: Validators place bets.  The bets are multipliers, and if the multipliers have a shape The gossip about the bets acts as an iterative function.

Transaction fees


Monetary Expansion

Action items

  • Lucius Meredith: Provide his research for creating an algorithm that will lay down the shape of the DAG, which can be used to form the basis for rewards and punishments.
    • Doesn't mean that what it outputs will fit with our intuitions for rewards and punishments.
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