I appreciate so much of what you say, but this statement above, i do not get.
What is unhealthy for the network? To me, what seems unhealthy for the network when it comes to stake pool operators is when they get picked to process transactions and they fail.
Isn’t that the bottom line? Do they produce blocks when they get the chance or not? I would think that a stake pool that fails to produce the blocks when they get the chance will indeed fall by the wayside as time goes on. Isn’t this true?
I feel like this argumentation for pool operators to charge a high enough fee is based on some level of fear of being ‘wal-marted’ out of the ecosystem.
As an investor, hoping for a return on my investment, I picked a pool based on some comments here in the forum that I saw one operator make. Seemed like a nice guy, made a professional impression in all respects. But he didn’t produce blocks. I have no idea why. It wasn’t because of his pledge, it was close to what a lot of them put up, he charged 1%, so he’s not trying to game anything in my view.
So I switched pools, went to the number 1 ranking the day I switched, and they crank out the blocks, enough that I’m earning what I was led to believe.
Now, if I did indeed have a true friend operating a pool for reasons of a desire to be a part of the Cardano ecosystem, I would probably delegate to this friend. I wouldn’t particularly care what he charged if I felt his intentions were in alignment with the ecosystem, and if he wasn’t being picked, like 1050 are not being picked every epoch, I would hang with them until K was increased.
But I don’t know anything about these people or about you Glitch. I have been hoping for Cardano, and for the 1050 stake pool operators that in every epoch are not chosen, that all of the pools are competent, and have the staying power so that eventually as Cardano grows, all pools are required to process transactions, all 1200+.
But for me to continue to follow these conversations, somebody please tell me why someone working for less return than ‘most’ is bad for the network.
Can you do that Glitch? Please? I want to believe you, and others, are writing so much for a good reason. But I don’t feel like I’ve heard it yet.