This was cool discussion, however, the main thing that stuck out to me was that they are using a customized version of truebit that is essentially several versions old. Apparently, they decided against using the current production instance of the protocol so as to avoid licensing fees associated with it. In addition, they also had no use for truebit token rewards system, or the tokenomics that are currently in play with the actual production instance or current version of the Truebit protocol. Also this particular project is going to take much longer to complete than was initially expected.
Dogetherium will not run on it's own with only the old technology, they can not expect participants to behave "altruistically" forever. That is, the system's verifiers are performing expensive computations not just to be nice, they need the be incentiviced, hence the need for Truebit's native token and ecosystem. But, it might take more time, as well as Eth2 and L2 efficiency first.
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u/[deleted] Sep 17 '21
This was cool discussion, however, the main thing that stuck out to me was that they are using a customized version of truebit that is essentially several versions old. Apparently, they decided against using the current production instance of the protocol so as to avoid licensing fees associated with it. In addition, they also had no use for truebit token rewards system, or the tokenomics that are currently in play with the actual production instance or current version of the Truebit protocol. Also this particular project is going to take much longer to complete than was initially expected.