Replies - Activity - petew - Algorand

Serious lack of transparency and engagement of Algorand foundation

Hey @tsachi
Thank you for your response. I understand that these are not trivial issues to solve. I myself -for one- would not have a solution at hand. I am merely bothered by the fact that Algorand is not transparent and honest about these issues. This is extremely important if you want to build a…

Thank you for your quick answer @stephenfoundation
Looking at consensus alone is a very narrow interpretation of the trilemma. If the network would only consist of participation nodes, would it be secure? Would it be as scalable as without the relay nodes?
Even though relay nodes are not necessary…

Hi @stephenfoundation, thank you for your answers. I couldn’t find the time to properly respond earlier.
I have a couple of additional questions and remarks:
If I understand correctly, a permissioned list of relay nodes is necessary for the performance of the Algorand blockchain. So while the con…

@stephenfoundation Thank you for the detailed answers, much appreciated!

Hi @stephenfoundation, was wondering if you already know more?

Hi @stephenfoundation, thank you for your reply! Happy to see someone from the foundation answering. I’ll be eagerly awaiting your response.

@mxmauro thanks, but who decides when and how much? I don’t see anything clarifying that in the code. I mean, the protocol is supposed to be decentralized, but to me it seems like a huge flaw in the protocol if you give one address (likely owned by the Algorand foundation) such power. Maybe it’s a t…

Who owns that address?
Doesnt that make the Algorand blockchain rather centralized if there is a single entity collecting the transaction fees?

Lowering transaction fees will also lower staking income. Why would the community approve such a proposal - which may be needed from a builders/business perspective - if it is not aligned with their incentives?

@tsachi If those are separate accounts, who controls the fee sink then? If the Algorand foundation controls the fee sink, that would mean Algorand is still centralized. I can’t find anything about this separation in the white paper or token dynamics.
I have read about the participation rewards, but…

Hi Paul, thank you for the reply. Thinking out loud here: Wouldn’t there be a big chance that such a proposal is rejected by the community because this would effectively lower the staking rewards? There seem to be some conflicting interests if it were to come this far. Who would have the last say in…