I’m actually interested in understanding further the utility of the #NYM token. For what I remember from last research I’ve done on the project, the token is used to vote for the servers you want the traffic to be direct to. I think, it’s a fine concept but I’ve always been concerned by the large pre-mine supply distributed to the team and investors. Couldn’t those parties potentially collude and vote for servers that are dishonest? I like the concept of NYM but I feel the privacy assumptions of the service are dependent of how decentralized the token supply is and unfortunately it doesn’t seem to be very decentralized. How to waste a great idea and talents with poor tokenomics.
#VPN #Crypto
LogicallyMinded
npub1s0…2rqf5
2024-08-30 23:51:47
in reply to nevent1q…8k33
Author Public Key
npub1s0fs9dwztm2rukm42vh6df4a5gwykclf75tgyeuc75t0cs2eh8rsu2rqf5Published at
2024-08-30 23:51:47Event JSON
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"content": "I’m actually interested in understanding further the utility of the #NYM token. For what I remember from last research I’ve done on the project, the token is used to vote for the servers you want the traffic to be direct to. I think, it’s a fine concept but I’ve always been concerned by the large pre-mine supply distributed to the team and investors. Couldn’t those parties potentially collude and vote for servers that are dishonest? I like the concept of NYM but I feel the privacy assumptions of the service are dependent of how decentralized the token supply is and unfortunately it doesn’t seem to be very decentralized. How to waste a great idea and talents with poor tokenomics. \n\n#VPN #Crypto",
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