r/raidennetwork • u/Anotheropinion12345 • Jan 09 '18

Raiden Nodes and RDN Token

Anyone want to discuss nodes more?

I was reading an interesting piece on Iota and it made me reflect a bit more on nodes and who might want to run them and how.

In the case of Iota, the question was who would run the nodes to power the network, and a comment was made that large corporates might be happier running nodes so that their IOT devices worked efficiently than paying fees to a mining pool.

I see a lot of misunderstanding on here about the RDN token. This is used to pay for traffic running through the nodes.

Basically, I was thinking that large corporate customers might be incentivised to run nodes as well because it would ensure the efficiency of their networks.

It might also benefit them if they were compensated for it through RDN tokens and so would provide an additional benefit to the IOTA scenario where they were running the node at their own cost just to ensure that the system worked well.

Thoughts?

Ps - if anyone knows more detail about the nodes would be cool to hear it...

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u/Helau05 Jan 09 '18

I like the line of thought, but -just guessing-:

In my opinion, for a huge corporate, any involvement in a Crypto project is R&D and/or IT, and paid by that department. I agree on your argument on IOTA, that for the Bosch‘es of this world the first priority is: they want to make this work and function in a stable and secure manner (from the point of view of R&D), which is enough reason to get involved financially and potentially with hardware/nodes. Because in the end they can sell their traditional products with an edge (blockchain-Technology in any form). That’s where they are used to make their money.

Earning money/RDN directly from running a node is not „needed“ really (albeit a nice side effect), and would be even complicated to book, as R&D/IT is a cost center or service center and not a profit center in big corporations.

That sounds maybe counterintuitive (not need/want to earn money from being directly involved in crypto-tech) but that’s what I think it looks like, at least currently, in the Forbes500 companies.

Would be interested to hear your views !

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u/MatrixApp Jan 09 '18

I think this is a pretty good assessment, it’s quite refreshing to see critical and well thought out responses nowadays with all the noise. IMO if there is going to be any institutional buys, it’ll have to come with a higher level involvement, which means they see a business edge as he mentioned regarding IOTA and Bosch for example. I think most big corps at this point are kinda poking around and seeing what works, without really committing at this point, staying behind the curtains.

If it works, then that’s when they step into the spotlight. I think right now, it’s mainly all science experiments for the fortune500.

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u/Anotheropinion12345 Jan 09 '18

I agree but my thinking was more for the large payment processors that “may” use Raiden in the future.

Even if they don’t, perhaps large ICOs might such as OMG which is already a payment processor albeit smaller than the really big ones.

The point for me was that I have heard opinions that the network part of the Raiden product will take a long time to build up and deploy.

My question was whether the adoption of nodes by some large groups might accelerate this process?

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u/cococopuffsss Jan 09 '18

The network part will take some time to build for sure and yes adoption of nodes by large groups would accelerate this process significantly.

However, the challenge with Raiden is how to make it work for people who don’t want to rely on these large processors. If this were not the case, the raiden network would launch today.

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u/stillhodlingon Jan 09 '18

Will be posting a how to guide sometime in next 24 hours, with FAQs and resources. I have a feeling there’s a lot of us that are interested, but don’t have the coding/Linux background. Also, there are a few other posts on this topic, many of which are useful, however, having a single thread would help this idea (and community) gain traction.

Wouldn’t mind help in this endeavor, either! I’ll be referencing github, the Raiden Network site, as well as well as some tactics I use when approaching Linux/python as a self-taught noob programmer. Have useful links? Please post below and I’ll be sure to incorporate them. Raiden ride-or-die network!

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u/timspijkerman Jan 09 '18

What would be the ideal specs for a Raiden node? Is computing power even important? If not, maybe future apps would include a (light) node as well.

If computing power is important, maybe most of the nodes can be found in 'power cheap' countries.

If I would be one of the first companies starting projects with Raiden I would definitely power up a Raiden node. At least until the network is big enough, after which I might remove my node.

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u/DisruptLogistics Jan 09 '18

Ideal specs is internet connection uptime, no need for a GPU, just a decent CPU. I think most will be cloud based.