Thread by @DefiIntro

1. Hello everyone! It's a thread about what I think is happening, and how we should act. These are all my thoughts and they are honest ones. Don't take it as financial advise or anything, and feedbacks are always welcomed!
$ftm

2. If you look at the validators, there are 3 of them that delegated so much. This is too much trust on one node in my opinion.

People probably did it in the past because GoFantom team is working hard to move fantom forward.

3. But it's a centralization problem. If they fail to work unintentionally or intentionally, it affects the whole network.

We need to distribute the power for a better network in the long term.

4. There is a discussion about how to fix this issue. In my opinion max cap on delegation and lower limit on being a validator is a one step forward solution.

It may be changed in the future if we find a better solution, we have governance for that too.

5. We as a community were discussing about lowering the limit on being a validator for a long time. When price was 0.01$, we almost agreed to make the limit 1M $ftm.

Just think about it now, it would be 500.000$ to be a validator.

6. And we expected that. Then agreed to wait for the price to be more stable. But it keeps being higher and higher everytime.

In my opinion, a validator should put so much on stake to work for the network but the limit should be so affordable that anyone can operate a node.

7. It's a hard problem. It always has been.

PoW works so slow because everyone has to agree to something at the same time.

PoS works so much faster because we trust the validator to not act maliciously. If they act maliciously, we slash them.

8. Its base is game theory. If we cooperate, we will win in the long-term. If we try to cheat, we can win in short term, but never achieve our goals.

I believe @FantomFDN is here for the long-term. And not for 1-2 years long-term, 20-30 years long-term.

9. And fantom team worked hard for network to operate again, and working hard to solve this problem forever.

And yes, you are in the team too if you have a $ftm token. And yes, I am in the team too. People don't understand that sometimes.

WE ALL ARE THE TEAM.

10. And if we keep on developing, there is nothing in front of us. There is no barriers.

Barriers are for non-believers.

I believe we can make the world a better place together.

At least we took some steps to make the financial world a better place. A fair place.

11. And I'm still curious to read the post-mortem report. As I promised, i will be full honest on that one.

Without transparency, there is no way that we can build a future.

And foundation acted transparently.

12. Shit can happen, we are all humans. Problems can pop-up, bugs can be found.

But learning lessons and keep building is what makes us move forward. And we keep on building. Let's keep building the future together!

Thank you for reading.