Joined January 2021
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KR (❖,❖) (privacy szn) retweeted
We drafted a conservative $AZTEC contributor distribution: builders stay funded and community, operators, testnet contributors get rewarded long-term. (not airdrop, but grants for verified contributors) Small allocation: ~0.37% unlocked after 1-mo cliff; ~2% fully vested over 12 months. Open to feedback If @aztecnetwork is really decentralized, why not ratify it on forum.aztec.network? Let’s see what holders think @clairekart @Zac_Aztec @savio_sou @arnaudschenk @aztecFND @Koenmtb1 @stakedeve @Amin_3X @alejoamiras @punk6052 @bajpaiharsh244
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1/16 I see that @michaelh_0g and @0G_Foundation don't understand the fud about rewards for testnet participants. Let me explain using my own example. x.com/michaelh_0g/status/196…

The quick nature of incentives We live in a world that primarily requires financial and economic resources to survive, one uses money to buy food and shelter. In this system, more is generally better because more resources allow one to do more like leverage time, buy experiences, buy goods and products that are most expensive, hire others to do tasks, buy more food, take care of family and others, donate to others etc. Generally human beings are driving by growth and expansion: more happiness, more love, more knowledge, more resources for more happiness, more bliss, more power, etc. When one can achieve this need for more expansion in less time, then one generally adopts that behavior. That is the role of incentives. Incentives are ways to get to the desired outcome faster. In other words, Incentives drive behavior. This is why yogis do lots of meditation, yoga, etc to experience more knowledge and bliss in their lives. This is why entrepreneurs choose to go through all this pain and roadblocks to create companies to have a large financial outcome from their efforts. This is why investors who have invested in competitors or not invested in a particular company will shill their own bags and fud others. This is why testnet participants are incentivized to maximize their return per unit of time worked. This is also why no matter what amount of incentives will be given, there is an incentive to complain to get more to maximize their return per unit of time. Sometimes the best incentive of all though, is intrinsic and mission driven which is about not just accumulating resources for one’s own good but for the good of all. This is our stance. We stand for designing incentives that result in long term abundance, love, happiness and accomplishment of our mission of making AI a public good. It requires a community that is rewarded for its behavior long term not just for a short term event. Accomplishing a mission is not a year long initiative but could take a life time. We are here for that journey. Let us have AI bring us abundance and a life full of enlightenment and self realization.
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15/16 At the same time, the so-called “true believers” will put pressure on the price during listing. Unlike validators, who will keep tokens in stake and positively affect the blockchain. But I can understand why you made this decision.
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16/16 It is important for you to make a media sensation on KBW, which Yappers will gratefully create for you. Marketing comes first. Okay. Let's see what you decide next @michaelh_0g
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5/15 But the evaluation was also based on social activities. This meant that we had to spend our time, money, and energy. And we did it. I always ran the validator node on a dedicated server, not a VPS. And it was always a reliable server from a trusted provider.
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6/15 The cost of such a server cost me from 100€ /month and above. You also need to take into account the costs of monitoring and data backup options. Yes, no self-respecting validator would run a node without this.
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