The only new ideas in this community involve directing what should be burned to the community pool and then transferring those pool funds into personal wallets.
Those of us who have our fingers on the pulse of the technological future are told to ‘get real’… get real foolish or real quiet is what they really want ~ so they can run off with the funds…
I said it 25 days ago - it would be nice if we just got on with the job.
We need a few good coders… not some copy and pasters…
… we have good plans for those coders ~ The Gold Standard of Stability
if a calculation as been made could TR clearly define on what these 150k$ will specifically be spent
Full convo not clickTubers picking the bad keywords
I am a man who is open to different options, I always take a positive approach, I solve most problems myself if it is a matter of setup or compilation, but the current state is unacceptable and needs to be refined if we want to have a future. The market is very competitive and I and many others are not currently investing in LUNC just because of this takeover attempt and TR’s lack of consensus with the community. I am waiting for this issue to be resolved because this is a billion dollar business and it is just a bit of a shame…
Are swaps and redelegation not down on station and only working on RS currently. While the interchain wallet is being upgraded the community still has a fully functioning wallet they can use.
You can swap elsewhere, TFM, astroport, etc
Hi everyone, I assume most of the community has seen the news of the SEC charging Do Kwon and TFL with f-raud.
As a member of the LUNC community, though independent as a blockchain from TFL and LUNA V2, we are presently reliant on their infrastructure, and from Jared_TFL’s estimates from an AMA, from what I remember, was about $1M in monthly server costs they cover for us (about 6B LUNC worth per month). They said it could be significantly cheaper but rather was around the costs they were incurring. I don’t know of other cost estimates to run LUNC’s infrastructure at a more cost efficient level.
Whether you agree with the particular team or not, having independence in infrastructure from TFL may soon not be a luxury, but a requirement. Having TFL being involved in USA SEC legal proceedings could cause big problems to their financing and safe operation, possibly putting our infrastructure at risk.
Basically with the current LUNC community pool funding rate of gas fees only, we are looking at around 6.2-7M gain in LUNC per day (with USTC included) or about 210M per month. With a 50/50 split of 0.2% tax (which is likely to pass), we have about 25M per day so 750M per month. A total combined of around 960M per month.
It looks like we need more than this.
If we raised the burn tax to 0.8% we could have a 75/25% split which would bring 0.6% burn 0.2% CP or about 50M per day or 1.5B per month funding, plus gas is 1.71B per month.
If we kept the 50/50% split and raised the burn tax to 0.8% we would be looking at 0.4% rate for CP, or about 100M per day, 3B per month, with gas 3.21B per month total.
We might need to be seriously considering some higher funding rates soon.
Now these figures are subject to change as if LUNC went up in value the amount of LUNC needed to cover costs would be less, and volumes can also change during a price rise resulting in more coming into the community pool.
I’m interested to hear your thoughts on this matter. Regards, Christopher.
@TerraRebels, @raider7019, @echel0n, @Vegas
Are there any updates you can share with us regarding this piece of work?
(screenshots of your official announcement boards will do)
Thanks.
Purchased 3 more servers to add to the infrastructure that we have been steadily building out, so far we have LCD, FCD all synced and running in test phase, we will soon move to pre-production phase, a lot of the wait has also been around shipping times to get the hardware, but well we waited we worked on other aspects and continue to do so.
Thank you very much for the update @echel0n, it’s good to see things are moving forward as planned.
Please keep us updated with major milestones achieved by TR as you go along, for our information and also so as we use this “official” post as a means to dispel the smear campaign raised against TR by various individuals.
And you bought all 3 (used) servers from your own company? How about spec. for all 3 servers that costs $5954.00 each?
Rebel Station and Finder are now operating fully independently of TFL - in a pre-production setup (a subset of the full production hardware) right now. Transaction history is now also operational both in Rebel Station and on Finder.
We are waiting on delivery of various hardware components to complete the full production environment setup, and will confirm once the full production environment has been deployed.
There may be further periods of downtime in Rebel Station as we progress to full production, which we will try to minimise as much as possible.
It is a bit choppy, what is the bottleneck?
Bought 3 extra servers to expand on the existing cluster, not sure why thats a problem, and no, they were not purchased from my company, not even sure why that was insinuated …
Are you sure? By running an entire blockchain from 3 - 6 or 10 servers. Still a basic domain level.
Very risky, hackers could be easier delivery DDoS attacking your servers, disrupt or shutdown your blockchain.
Blockchain that running on cloud services which is running from Data Warehousing or Server Farms and with alternative ISP options are another level from you?
