I’d like to start by saying I greatly appreciate everyone’s time, effort, and energy with all the recent proposals, revisions, and comments. I have an unbelievable amount of faith in our community/the Pocket team and am excited to ride my PoktRocket to the moon in the near future. With that being said, I wanted to share my outlook on recent proposals… and i apologize if this is not posted in the appropriate thread.
Respectfully to all authors/commenters and from a non-technical view, I could not justify the need for PIP-15+'s complexity. I believe a combination of PIP-22 and this proposal (PUP-17) addresses all current concerns I am aware of (security, infra costs, growing node count, reducing sell-side pressure) while maintaining community morale and (hopefully) driving increased buy-side in the short/long term.
My only comment/question pertaining to a hypothetical combination of 22 and 17 is why increase the minimum stake with PUP-17 to 30K rather than let human nature/desire drive the average stake per node up by itself?
In my opinion, with proper communication to the community on the details of a hypothetical proposal (combination of 17 & 22) most pokt holders will want to lower their avg cost per stake by consolidating nodes while still earning approximately the same rewards with weighted staking (obviously absent PUP-17’s reward % reduction). PIP-22 should result in overall node reduction, increased total staked %, slightly increased security of the network, and slower node growth while nodes are barely profitable.
Once the fair value of daily rewards points to profitability, I’d see node growth increasing as token holders look to increase node count for diversification between regions/chains.
I see PUP-17 driving a significant amount of competition to become a validator, resulting in more staked tokens, slower node growth than we have today, and a more secure network. In turn, this would force some current validators to be converted to servicers, which will either drive up the buy-side pressure to continue competing as a validator or allow the newly over-staked servicers to experience the weighted-stake rewards of PIP-22 and not force any nodes to unstake and restake with minimum servicers amounts.
My understanding is the long-term vision of PN has always been to service billions and trillions of relays per day with hundreds of thousands of nodes in the network. I don’t see a forced reduction of the node count by increasing the minimum stake as a positive step for the network/community to take.
Id suggest letting the individual holders determine how much they want to pay monthly in infra fees based on their node counts and then continue to reward users who lock up 100% of their available tokens. Leave it up to the token holders to drive the long term goals of the network. Thanks for reading this far.
-Kadow (I’m a forum newb… but I can log in 
)