| 5 Jan 2024 |
|  kanan6372 | 21:34:09 |
 deb_simpier | Thank you for your participation ! | 21:34:28 |
| kanan6372 | 
Download image0.gif | 21:35:54 |
 flynnjameson | I'm sure this has been discussed internally - I had just not seen anything publicly-disclosed;
deb_simpier did you and the team have a..concrete ad plan for promoting Althea Net once its live on mainnet and the token and DeFi is matured?
I ask because I'm seeing a real gap between fully including every project that has real world use into the proper listing services
I work for Shade Protocol and ALTER Network from Secret and both tokens are not listed under 1) Cosmos Eco and 2) DePIN
AltheaNet is also in both, and I assume there's some sort of strategy to go after that angle | 22:35:17 |
| flynnjameson | In my view, AltheaNet is one of the few REAL DePINs that is actually active, has infra on the ground, has distributed networks throughout the US, now Canada, Africa - I mean the potential dwarfs some of the other DePIN token narratives I'm seeing (and not just from the Cosmos) | 22:36:03 |
| flynnjameson | especially if the private cellular network is...really scalable - oh lord is this going to explode | 22:36:24 |
| flynnjameson | There are TENS of millions if not over hundred million people in the US, alone, who hate or are dissatisified with their ISP and telecom service providers | 22:36:50 |
| flynnjameson | and we have NO options. | 22:36:55 |
| flynnjameson | Althea gives us a way out - that is what real decentralization is supposed to look like | 22:37:08 |
| 6 Jan 2024 |
|  Discord Bridge invited  champange_. | 04:13:08 |
| champange_ joined the room. | 04:13:08 |
| champange_ | 04:13:09 |
| champange_ | is there rewards for running a validator? | 04:13:09 |
| deb_simpier | Hi Flynn,
Thanks for the great questions! I'll flesh this out a bit more, but Althea scales by the use of the payment platform to build applications utilizing machine<#>machine payments, existing carriers and enterprise utilizing the platform to capture additional markets, and by enabling capital to be put to work building new infrastructure or converting legacy systems. So, the approach is to enable the structure for these funnels and then support with a grass roots outreach campaigns supported by local chapters.
Althea has always been a platform tightly interwoven with participation/community/system design and outreach and marketing will take the same approach. | 05:02:18 |
| deb_simpier | flynnjameson ^ | 05:02:29 |
| deb_simpier | Participation in Althea as a validator is permissionless. | 05:15:03 |
| champange_ | i mean, are there incentives for those who run them? | 06:52:25 |
| champange_ | 06:52:25 |
| deb_simpier | The Althea system will initially launch with a tx fee for token stakers set to 10%. Validators in Althea participate in the chain according to standard Cosmos sdk ways.
It's not a corporation, no company will pay a validator to participate. Instead a decentralized community has established parameters to award certain inflation and tx rewards for participating to operate the network. | 06:55:20 |
|  yahya6935 | 07:51:34 |
| kanan6372 | On mainnet, validators will chosen by team or everyone who has enough native token can be validator? | 09:41:01 |
| flynnjameson | sorry took me a lot longer to get to this..I have been reading so much. I'm on winter break from school and i basically never stopped actually researching x,x | 10:03:08 |
| flynnjameson | So Althea Net could enable someone to pay another person from device to device. Example; you have a smartphone in your hand. You send $5 in $DAI to me, but you send it to my computer, which has a compatible wallet..
do i understand that correctly? | 10:03:54 |
| flynnjameson | machines that don't inherently communicate, normally | 10:04:02 |
| flynnjameson | even tho a lot of people do use their phones with their laptop or tablet as a companion device, the payments aspect hasn't really been fleshed out in the fiat world | 10:04:29 |
| flynnjameson | kind of like a Stripe but for Machine <#> Machine or M2M Payments? | 10:04:46 |
| flynnjameson | I definitely want to be a participant and investor, where should I begin reading? :D I know mainnet token has not launched, but had not seen any concrete details as to tokenomics? | 10:05:30 |
| champange_ | thank you! | 13:11:23 |
| deb_simpier | Correct, the process for the validator set is permissionless, and the parameters set by governance once the chain is live.
The Althea blockchain is decentralized and governed by the community of token stakers. | 13:22:52 |
| Discord Bridge invited  dmitryown. | 15:44:33 |
