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I see what you mean. I don't know if it's the case on the L1 too, but aren't there some kind of requirement to run a node?
To me all network that use nodes seem to be more or less towards the the centralized rather than decentralized. Perhaps it's just methough, but it seems to be the standard 🙄

!BBH !SLOTH

No, with L1, all you need is the machine or VPS, set up and start witnessing. You will need Hive Power to support the resource credits needed, but it's not 2000HP.

And yes, most, if not all proof of stake chains are leaning more to the centralized direction, at least the majority power with a very few kind of thing. I have worked in various ecosystems over the years, and it's a problem in all of them.

It's the best most decentralized and secure way we can launch the network

If that's the way you had to build it, then it is what it is, but that seems like a pretty big barrier of entry, which isn't really that decentralized. Any return guarantees for my locked Hive? Or will I still have to pander for votes?

The barrier to entry is still far less than of others like Hive consensus. Rewards will be going live later this Summer on a proportional basis to your locked Hive. So if 2000 Hive gives you 5% of the total locked Hive, then you would get 5% of the total fee pool

Thanks for the clarification by the way. I poke bears when something doesn't seem right. And like I said in the last comment, the docs are lacking this kind of information.

Docs will get updated. Moving fast right now

Ah I gotcha. So it's not a delegated proof of stake type of thing, it's a just straight up proof of stake node where who has the most resources bonded gets the most of the pool? Don't have to worry about the popularity contest?

If that's the case, then that is a whole other story. If all the computational resources needed is a Pi 4 or better, then the 2000+ Hive makes a bit more sense.

What is the story on getting that bonded Hive back if we decide to shut down the node? The only reason I ask is because the docs are lacking a bunch of information like this, which I see as important information.

Don't have to worry about the popularity contest?

That's correct. There is no voting structure or anything like that. We might add it in the future for things like governance parameters, or DAO proposals, but core consensus will remain largely how it is initially designed.

Well, that is just awesome then. That is one thing I really can't stand about any DPoS system. I come from a mining background, so what you are doing makes sense. That changes the game, thanks.

What is the story on getting that bonded Hive back if we decide to shut down the node?

You can unlock your Hive which will be returned to you after 24-30h from your unlock transaction.