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Update 0069-reassertion-fee-reduction.md (#562)
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* Update 0069-reassertion-fee-reduction.md

@vincenzospaghetti updated the status and made a few miner grammatical corrections to make it more comprehensive. #458

* Update 0069-reassertion-fee-reduction.md

#458

* Update 0069-reassertion-fee-reduction.md

@vincenzospaghetti removed the comma. #458
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TheRealJohnMac50 committed Feb 16, 2023
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- Category: Economy
- Original HIP PR: <https://github.com/helium/HIP/pull/453>
- Tracking Issue: <https://github.com/helium/HIP/issues/458>
- Status: In Discussion
- Status: Approved

# Summary

Expand All @@ -26,7 +26,7 @@ average earnings for those hotspots.
# Stakeholders

In reality, since the amount of DC burned has an economic impact, this hip (indirectly) affects
everyone. Directly, this hip affects everyone that is reasserting their hotspots. Additionally,
everyone. Directly, this HIP affects everyone that is reasserting their hotspots. Additionally,
since maker apps are used to assert locations, this HIP directly affects all owners of maker apps.

# Detailed Explanation
Expand Down Expand Up @@ -56,14 +56,14 @@ Please note that I specifically chose 500,000 DC and not less (say 10,000 DC), t
people from taking advantage of reduced reassertion fees, and to lessen the economic effect on the
Network.

If approved by community (HNT) vote, this HIP will reduce **all** assertion fees in half, for three
If approved by community (HNT) vote, this HIP will reduce **all** location assertion fees in half, for three
months, beginning immediately upon the migration to Solana, and will revert back after three months.

No new (blockchain) code is required, since this may be accomplished via chain variables. However,
maker apps will have to update their apps to request the lower (500,000 DC) amount (at the start of
the 3 month period,) and they will need to update their apps to request the original (1,000,000 DC)
amount at the end of the three month period. That being said, makers are in essence being paid to
make these changes, since the end result is that their 1st location/onboarding assertion costs will
make these changes, since the end result is that their 1st ($10) location/onboarding assertion costs will
be reduced by 50%.

_Please note that this HIP does **not** impact 5G CBRS gateways & radios._
Expand All @@ -88,7 +88,7 @@ caught- due to the potential lack of (additional) location assertion data.

Regarding the economic effect, burning less HNT as a result of reduced reassertion fees, has a
negative economic impact. However, there may end up being more DC burned from more location
assertions (than there were prior to the reassertion fee reduction.) Therefore, will this HIP impact
assertions (than there were prior to the reassertion fee reduction.) Thus, the question remains, will this HIP impact
the Network's economics negatively or positively?

# Success Metrics
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