| Time | Item | Who | Notes |
|---|
| 10 min | Review Document | Greg | - Everyone reviews the document
|
| 10 min | Casper Parameters still under discussion | Greg | - Fixed versus variable staking
- Unbonding wait period
- Issuance & Monetary expansion
|
| Transaction Fees |
| - The 0.01% of all transaction fees are delivered to certain bonded wallets owned by the CoOp, for maintenance.
- Review of the fee formulae, some issue with the 'shard-specific' fee structure parameter.
- Review the solutions to address lazy validators - embedding of illegal comm events in the trace log
|
| Slashing Conditions |
| - Slash will be the entire stake
- Where does the slashed amount go?
|
| Ejection |
| - Ejection is different from slashing, same as an unbonding event.
|
| Operating Expenses |
| - How will RChain transaction fees compare to AWS?
- Will it be profitable to run an AWS validating instance?
|
| Approximate Test Network specifications |
| - Is the Memory actually 4TB DDR4-2666?
- Greg explains that the specification is for the very high throughput shards.
|
| Revenue from Validation |
| - Fees will go down as network volume goes up.
- If a shard is unhappy with the fee structure, or a shard charges too much, market forces should step in to keep the transaction fees down as well.
- Transaction volume is a guess. Greg is planning on having 30 companies signed & 1 killer app, which he believes that will drive users to the network.
|
| Questions |
|
| - Value of Rev vis a vis bond values.
- Question on the bound amounts - can these bond amounts be adjusted by the validator set?
- Root shard versus Child shards?
- Where do the funds go from the 80 million RHOC?
- The funds from the 80 million RHOC go to the CoOp
- Do the dollars that go to the CoOp sit in any pool?
- Planned to be part of the general fund to the CoOp
- What is the joining fee?
- Greg describes the purpose of the joining fee, as an incentive to bootstrap new shards.
- Medha describes how validator fees help prevent Sybil attacks, or whales taking over.
- Where did the numbers for the fee structure come from? Why the 0.2%, 0.3% numbers. We are striving to drop our fee structure down to 1/3 of the Ethereum network. We are providing targets based upon the throughput numbers & using Etherum earnings as our base.
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