20190325-Theta vs Theta Fuel-Brexit from bad to worse


Theta vs Theta Fuel


-Theta
-The governance token of the Theta protocol.

-THETA is used to stake as a Validator or Guardian node (100k Theta), contributing to block production and the protocol governance of the Theta Network.

-By staking and running a node, users will earn a proportional amount of the new TFUEL generated. The supply of THETA is fixed at 1 billion and will never increase. 


-Theta Fuel (TFUEL)

-The operational token of the Theta protocol.

-TFUEL powers on-chain operations like payments to relayers for sharing a video stream, or for deploying or interacting with smart contracts. 

-After the initial distribution of 5 billion TFUEL (5 for each of the 1 billion THETA), the supply will increase at an initial annual target rate of 5%. 

-The new supply rate will be determined at the protocol level, and can be adjusted as needed by protocol consensus to provide the appropriate amount of new supply as demanded by platforms on the Theta Network.


Will each viewer need to pay Tfuel to pull video streams on the Theta Network?

-the cost of TFUEL falls on the video platform. Platforms subsidize users with the TFUEL necessary to pull video streams from relayers on the Theta Network. 

-Theta think it’s critical that the end-user never has to go out and purchase any TFUEL tokens just to watch videos on the Theta Network — it’s just too much of a friction point for adoption.


-Why two coins?

-this allows the utility and purpose of each token to be separated. THETA is used strictly for staking and securing the network.

-This is necessary because staking inherently decreases circulating supply, but video relay transactions and smart contracts will require a highly-liquid token that can facilitate millions of daily transactions.

-to solve governance issues that arise from using the same token for staking and operations

-the token used for operations must be liquid, it would be easier for a malicious actor to accumulate a significant number of that frequently-traded token on the open market. If that same token is also used for staking, they could potentially threaten the security of the Theta Network by quietly acquiring a large amount of the staking token.



Jim Rickards (Brexit goes from bad to worse):


-The deadline is March 29, 2019, just a few days away. But instead of a smooth process of negotiation, the Brexit process has devolved into complete chaos and disorganization. In theory, there could be two types of Brexit: a so-called “hard Brexit” in which the U.K. simply leaves with no new arrangements on trade and investment in place is one. The other is a “soft Brexit” in which the withdrawal takes place but many of the benefits of EU membership are preserved.   Other options are to not withdraw or to hold a new referendum.


-Parliament is badly fractured among these many choices to the point that there is no majority for any one of these solutions. 


-New deadline – this summer.


-However, the situation is so bad that the U.K. may fail to negotiate an exit agreement by the new deadline and May’s government may fall, requiring elections for a new Parliament and selection of a new party leader. 


-Implications for the pound sterling are highly negative, despite occasional rallies.

Comments

  1. AmalashenbaMarch 26, 2019 at 12:37 AM

    要如何stack theta? 放在哪裡stack?

    ReplyDelete
  2. WendyMarch 26, 2019 at 11:59 AM

    The details haven't been announced. But I believe you have to run either a Validator or Guardian node (100K).

    ReplyDelete

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