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Proposal for an amendment to HIP 10 to add a network growth rewards pool #38
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Following up on discussion in #24 about lone wolf hotspots that are more related to this HIP.
How do yuo validate this? you can spoof GPS location with jailbroken android phones, and you can move hotspots after staking. without GPS (which is still easily spoofable in DIY) there is no good way to continually validate a hotspots location. Even legitimate staking doesnt work as you just drive around town staking at each block and bring all the hotspots back to your house.
First 6 weeks is INSANE ROI on anything, that is waaay too high, anyway what this PoC suggests is better, giving a Bonus to low earning hotspots. Some lone wolfs will still be upset since 100% match to 0.2 HNT / month to 0.4HNT / month is still a pretty low but overall this HIP seems more reasonable than giving 30% of all minted HNT to hotspots with no verifiable coverage. |
@zzordo additionally, would you be willing to submit this as a HIP markdown file, using the template? More info here: https://github.com/helium/HIP/blob/master/0007-managing-hip-process.md – if you need help please let me know |
@zzordo are you still actively lobbying for this proposal? Feel free to reply here or message me on Discord: @jamiedubs |
Closing due to lack of discussion. Please chime in if you'd like to revisit |
It has been widely discussed that the recent rewards reallocation disincentivizes so-called "lone-wolf" hotspots from existing, as well as disincentivizes the Helium Network from growing into new markets. Many large cities in North America still have yet to see any hotspots come on line, and the now-current rewards structure, even with implementation of HIP 10 as-designed, makes it so that any new entrepreneur will need a minimum of 3 hotspots to effectively create a new market. Prior to August 2020, it was possible for new markets to grow organically around these lone-wolfs. This proposal intends to structure a Network Growth Rewards Pool so that the Helium Network can continue to effectively grow into new markets instead of stagnating around existing, established markets.
I propose an amendment to HIP 10 that does the following:
Eligibility: During a Rewards Month, a hotspot is eligible for a bonus as follows:
Payout: The Rewards Month Pool will be allocated as follows:
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