Thank you for taking the time to make a proposal for Kusama’s tokenomics. I agree with others above that we cannot keep ignoring the fact that Kusama’s tokenomics are killing the network and that closing our eyes is not going to solve anything. I also agree that Kusama is NOT Polkadot and therefore the approach should not be to follow blindly the same approach as Polkadot.
I do feel that to implement such changes to the network it would be beneficial for this proposal to be vetted by researchers, for example with a background on economics, such as when Jonas wrote a report and analyzed the inflation reduction proposals for Polkadot and raised extremely important points about network security and risk of validators being bribed to attack the network.
As stated by others above:
- 1000 validators for the current Kusama activity is overkill, we cannot keep such a big validator set with the hope that one day we will be able to test JAM, not at the expense of Kusama’s economy and not with an unknown timeline
- Validator quality in Kusama has decreased considerably given the very limited rewards and the expensive minimum hardware requirements for validators, better to have a bit less decentralization with a reduced validator set but a set of validators who will actually secure the network properly
A few things to note that we are expecting in the future:
- the new Kusama Bounties as part of the New Kusama Vision are coming very soon and hopefully this will bring some activity to out network
- enactment of WFC 573 for a 32-core JAM on Kusama, which eventually means we will need to:
- decrease from 140 → 32 cores
- decrease from 1000 validators (700 paravalidators) → 96 validators (JAM will have 3 validators per core and today Kusama has 5 validators per core)
Kusama is a network where experimentation is expected, whether it is with this proposal or a different one, I agree that we need to try something. I am also curious to hear what the position of the W3F and parity is regarding this proposal and whether they consider it to be aligned with the new vision.
Lastly, just a note that there is currently no minimum self-stake for Kusama validators, you might be referring to the 150 KSM self-stake from the soon to be sunset DN program.