![]() The project's funding has been (and will continue to be for some time) entirely from the initial raise when the token was created. > So at this point in time you're essentially giving 11000 dollars to the founders of Oxen and their early adopters, in the hopes that it will some day find a market and attain value IRL.įounders (and the project in general) get nothing when you choose to buy $11k worth of OXEN, because you can't buy it from founders/the project. (I realize you probably know this, but wanted to clarify). At the current price and node counts, yes, that works out to around 150 USD/month, but your wording made it sound like the payment is determined by the USD value, then converted to OXEN this is not the case. > You as a node operator are then payed 152USD/month in Oxen for running the node.Ī clarification: you are paid 16.5 OXEN per cycle of the active node list (which ticks every 2 minutes), so this USD amount fluctuates with the number of active service nodes and the market price of OXEN. I suppose if you are brand new to OXEN then, indeed, you are trading with earlier (than you) adopters, but this is still an *exchange* not a *payment*. It is exchanged with people who hold them. > That is payed in dollars to the early adopters of Oxen, and you receive the equivalent in Oxen coin. The 15000 requirement may change in the future as the needs of the network change, but currently the 15000 requirement is sustaining about 1800 nodes which does not warrant any reduction in fees at this time. The only actual cost incurred is whatever your server costs to operate and the value of your time to set it up.Īs for the actual range, it requires a total stake of 15000 OXEN, of which at least 25% must be contributed by the operator him/herself (so that he/she has some stake in the node) and the remainder can be staked by other OXEN holders. It requires an investment in OXEN, which can be sold in the future in the same way you acquire it, but this investment is not consumed and therefore it seems disingenuous to describe this as a "cost". > It costs between ~2850-11000 USD to run a node (at time of writing). Prices fluctuate, so you could end up with more or less in terms of USD in the end, but this is true of any investment: it is not a "fee" that is paid to anyone as your choice of language is implying. They are not a fee, but an investment that you can turn around and sell in the future on those same markets if you choose to no longer run a service node. The OXEN tokens required to run a service node are traded via crypto exchange markets where OXEN is listed. Or you're donating 11000 USD because you believe in their onion network so much.So at this point in time you're essentially giving 11000 dollars to the founders of Oxen and their early adopters, in the hopes that it will some day find a market and attain value IRL.But then on the other hand, if the number of transactions forces the nodes to scale up, that means there is an actual market trading in Oxen and that actually gives the crypto coins some real value.So if the number of transactions goes up each node will need to scale up along with the blockchain?.I believe each node also has to participate in validating transactions in the blockchain, there is no way to just donate bandwidth to the onion network. ![]() At this time of writing I am not aware of any market using the Oxen coins.This is meant as a protection for Sybil attacks against the onion network by raising the threshold for node operators.You as a node operator are then payed 152USD/month in Oxen for running the node.That is payed in dollars to the early adopters of Oxen, and you receive the equivalent in Oxen coin.It costs between ~2850-11000 USD to run a node (at time of writing).My impressions of the Oxen onion network and crypto scheme So I may be wrong about all this, which is why I'm posting this in the hopes of being corrected. I just discovered Oxen this week and it seems like a great idea, on paper. Warning!! Never, EVER click on any marketplace URL shared on /r/onions. A Declaration of the Independence of Cyberspace.How governments have tried to block Tor, Talk at CCC.Looking for the vegetable? Apologies for the confusion, see the friendly folk at /r/OnionLovers Tor Project Links You can find more SecureDrops listed on their website SecureDrop is an open-source whistleblower submission system news organizations can install to safely and anonymously receive documents and tips from sources. VPS Providers Allowing Tor and Accepting Bitcoin Read the Drug Users Bible here by /u/DMTrott. You might not always like what you see down here. Or, as chromakode put it, "Things That Make You Cry." Onions The Best Parts of the Anonymous Internet!
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