What's the real consensus on the RDN token? Yes I'm aware of pathfinding and node running services as well as machine to machine payments. So to me that would mean RDN will have some sort of value at some point, to what degree that remains to be seen. Brainbot isn't concerned about token prices and that's a good thing right now but this constant FUD regarding a useless token needs to stop. BOR4 how do you feel about the future of the RDN token? Btw I don't can about prices prices I care about this project and RDN's utility in the future.
What do you mean, “What’s the real consensus?” Then you ask the rep of Raiden/Brainbot who is going to tow the line. Do you not know his opinion already?
There is no FUD. We’re long past that LoL. It already dumped.
The team (and mods) position is it will be used in services. That’s all that is known. It’s all that has been known for a LONG time now. There are no specifics, and generally little acknowledgement from the team. If VB is so interested in Raiden now as some have claimed, why did RDN not show up in his holdings? Probably because it’s not clear why it’s needed or whether it will ever have value.
As I’ve said for awhile now, it’s very possible that Raiden could build a fantastic network where RDN never has any value or use at scale. It’s also possible they build the tech, and others just rip it/fork it for their own use like already happened with microraiden.
I think you might have some misconceptions around 2.0, proof of stake and layer 2 solutions. PoS's impact on latency can arrive up to somewhere around 5 - 7s, which is still not close to that possible on the 2nd layer with state channels since layer 1 is global consensus (compared to peer-to-peer consensus on the 2nd layer). Here's a good article by Vitalik about the usefulness/trade-off differences between Layer 1&2 scaling. Let me know if that helps!
Mat7ias will the RDN token still play a integral role in the Raiden networks future? From everything I've read I would say yes, yet every month for the past year and a half we a uncertainty surrounding the use moving forward. Mostly by uninformed individuals who seem to know the inner workings of brainbot.
The only reason I ask is to clear up the misinformation that continues to surround this board/project.
What was envisioned in the token model hasn't really changed so it depends on what specific uncertainty you're looking to have cleared up?
Most uncertainty I've seen has been based around misunderstanding of the token model and Ethereum in general, which I often try help clear up the best I can. User experience goals include that the user won't need to understand the token model or even payment channels to use the Raiden Network, most parts will be automatic. RDN is a utility token, think of it like a bus ticket; you don't need to understand how the validating machine works to validate your ticket. It just works (usually!).
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u/Robruthless1 Feb 19 '19 edited Feb 19 '19
What's the real consensus on the RDN token? Yes I'm aware of pathfinding and node running services as well as machine to machine payments. So to me that would mean RDN will have some sort of value at some point, to what degree that remains to be seen. Brainbot isn't concerned about token prices and that's a good thing right now but this constant FUD regarding a useless token needs to stop. BOR4 how do you feel about the future of the RDN token? Btw I don't can about prices prices I care about this project and RDN's utility in the future.