The Axie Game Jam Thread contest has come to a close.
07 Nov 2023, 13:26
The Axie Game Jam Thread contest has come to a close! ⚔️
Congrats to the winners @SonLenonidas , @blackclouudw3 , and @Aesir_Axie on taking home a Japanese axie each 🇯🇵
Same news in other sources
207 Nov 2023, 13:40
Every node has its own costs, so every node must be paid a fee greater than its own costs, correct? Otherwise there would be no reason for a node to run. There are a lot of new interlocking pieces here.
1. Geeq builds the tech to support business models for any range of blockchain, including the low margin, high volume (LMHV) cases. We think the bulk of business will be LMHV. That doesn't mean you can't build incredibly valuable businesses transacting more singly unique things - of course you can. But on-chain will probably be come the email-swipe-click of the future, so we're prepared for that.
2. Geeq builds the tech for a node to join-suspend-leave automatically, as well as the protocol to determine when a node has caught up "sync'd" and is ready to enter the active network list". It also provides the protocol to self-audit. Now the node labor market is settled, in the sense the ones who are ready to provide quality work are identified, and there's no bias. All permissionless.
3. Geeq builds the system to pay nodes if and only if they follow protocol, which is possible because it is possible to monitor nodes at the message level. So now nodes are paid only if they deliver services useful to the user.
4. Now we have a working node market, with table stakes that nodes will recover their marginal costs.
5. Who employs the nodes? It's the users of the blockchains. How many blockchains are there? As many as you want. What will the blockchains be doing? ?? What do you want them to do? How do you want to build a decentralized economy? It will be up to the rest of the world to invent how to provide value consumers will want to pay for.
So far, all we've talked about is the automatic node payments. Node runners are passive. They're getting passive income by refraining from messing up. You might want to be both a node runner and a business owner. Business owners can build apps, stores that use the apps in their own ways, or do data analysis on the provably validated (sourced) data in the databases. Business owners can become intermediaries. They can develop brands that prove they handle their customers' data in an unbiased way.
The advantage of using a low-cost, non-auction-based infrastructure is it reduces the volatility of costs to everyone.
=> Here's the Web3 aspect. Geeq only takes a fraction of the operating costs. It is not imposing a dev tax on the >profit from your sales< for writing an application. If you write an app that is incredibly popular, and you end up spinning it off into the physical world, and selling it for billions of dollars, you get that while Geeq gets the high volume low margin model of whatever business you are doing with Geeq. Win-win.
Don't forget, this is also a completely different system of 'visibility' and identity from an Apple or Google or Facebook. You and your customers have ways on Geeq to not expose your data to the Googles to scrape, while still managing p2p trades. Geeq cannot see the data. You are not required to login under one account - you can have as many accounts as you want, you can transfer assets securely between them. I think we're justified in thinking there will be some who will figure out ways to offer services that feature these aspects that are more consumer-focused rather than surveillance-focused.
We're going to see how this plays out. We have the high volume, low cost, flywheel apps mechanics and are exploring some higher paying use cases ourselves to bootstrap the system.
What I'm trying to say is, we are building an entirely new world for two types of people. Passive people who want to have some way to participate by running nodes and active people (users), who want to use the chains to trade some economic value. Everyone has to be willing to play by one rule: take responsibility for all of your voluntary commitments. You may be able to get out of some of them - we're human, after all. But you can't gaslight someone by saying something and pretending you didn't.
Every node has its own costs, so every node must be paid a fee greater than its own costs, correct.
Every node has its own costs, so every node must be paid a fee greater than its own costs, correct? Otherwise there would be no reason for a node to run. There are a lot of new interlocking pieces here.
1. Geeq builds the tech to support business models for any range of blockchain, including the low margin, high volume (LMHV) cases. We think the bulk of business will be LMHV. That doesn't mean you can't build incredibly valuable businesses transacting more singly unique things - of course you can. But on-chain will probably be come the email-swipe-click of the future, so we're prepared for that.
2. Geeq builds the tech for a node to join-suspend-leave automatically, as well as the protocol to determine when a node has caught up "sync'd" and is ready to enter the active network list". It also provides the protocol to self-audit. Now the node labor market is settled, in the sense the ones who are ready to provide quality work are identified, and there's no bias. All permissionless.
3. Geeq builds the system to pay nodes if and only if they follow protocol, which is possible because it is possible to monitor nodes at the message level. So now nodes are paid only if they deliver services useful to the user.
4. Now we have a working node market, with table stakes that nodes will recover their marginal costs.
5. Who employs the nodes? It's the users of the blockchains. How many blockchains are there? As many as you want. What will the blockchains be doing? ?? What do you want them to do? How do you want to build a decentralized economy? It will be up to the rest of the world to invent how to provide value consumers will want to pay for.
So far, all we've talked about is the automatic node payments. Node runners are passive. They're getting passive income by refraining from messing up. You might want to be both a node runner and a business owner. Business owners can build apps, stores that use the apps in their own ways, or do data analysis on the provably validated (sourced) data in the databases. Business owners can become intermediaries. They can develop brands that prove they handle their customers' data in an unbiased way.
The advantage of using a low-cost, non-auction-based infrastructure is it reduces the volatility of costs to everyone.
=> Here's the Web3 aspect. Geeq only takes a fraction of the operating costs. It is not imposing a dev tax on the >profit from your sales< for writing an application. If you write an app that is incredibly popular, and you end up spinning it off into the physical world, and selling it for billions of dollars, you get that while Geeq gets the high volume low margin model of whatever business you are doing with Geeq. Win-win.
Don't forget, this is also a completely different system of 'visibility' and identity from an Apple or Google or Facebook. You and your customers have ways on Geeq to not expose your data to the Googles to scrape, while still managing p2p trades. Geeq cannot see the data. You are not required to login under one account - you can have as many accounts as you want, you can transfer assets securely between them. I think we're justified in thinking there will be some who will figure out ways to offer services that feature these aspects that are more consumer-focused rather than surveillance-focused.
We're going to see how this plays out. We have the high volume, low cost, flywheel apps mechanics and are exploring some higher paying use cases ourselves to bootstrap the system.
What I'm trying to say is, we are building an entirely new world for two types of people. Passive people who want to have some way to participate by running nodes and active people (users), who want to use the chains to trade some economic value. Everyone has to be willing to play by one rule: take responsibility for all of your voluntary commitments. You may be able to get out of some of them - we're human, after all. But you can't gaslight someone by saying something and pretending you didn't.
07 Nov 2023, 13:26
For the winners, please look for a DM from this account with further instructions ✨
For the winners, please look for a DM from this account with further instructions.
For the winners, please look for a DM from this account with further instructions ✨