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Draft of Removing Restriction to Access to Multiplier and Allowing Unrestricted Minting of Datacap #803
Draft of Removing Restriction to Access to Multiplier and Allowing Unrestricted Minting of Datacap #803
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I would suggest we create a new FIP discussion just for this proposed solution so that we can have a follow-up discussion on this specific proposal in a less clustered place.
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Create a new discussion, miss the deadline, and then have to go through another 6 months of permissioned nonsense?
No.
CEL has already done the analysis and rubber-stamped this solution.
This FIP also does not close the door on Filecoin Plus 2.0
We need fair, transparent and objective block reward distribution.
The notary system has proved itself to be a failure in practice and has always been a failure theoretically because it nerfs the exact properties that PoSt/PoS/PoW enabled.
We've already spent months talking about this.
The notary system has probably onboarded less than 10 PB of paid data storage, and in the process, we have disenfranchised the majority of the network's miners and gotten everyone at each other's throats.
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Jennifer is requesting a new discussion so that folks who read this proposal have a place to go comment and discuss it going forward that isn't already crowded with many competing/alternate proposals that are different to the one described here. This enables clearer discussion and debate with a new draft proposal.
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I agree with @jennijuju and @momack2 here and have created #844. This should not be taken as any rewinding of process, but a venue for discussion of this concrete proposal to aid a quicker governance process.
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Please specify that this would need to replace FIP0003.
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Sure
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The title suggests "Removing Restriction to Access to Multiplier" & "Remove restrictions associated with the 10X multiplier in Fil+ deals" - what does this mean?
are you suggesting who may call
AddVerifierandAddVerifiedClient, or you simply meant who can mint Datacap -> which is the only change i saw proposed in the specThere was a problem hiding this comment.
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I don't think any change to AddVerifier/Client is needed to accomplish the authors goal here. Those only serve to funnel the datacap minting process through the verifreg. Am I missing something?
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I also dont think they are needed - thus im confused with the phrasing of "Removing restriction to access to multiplier" in the title - to me it implies a change anyone can deploy their own multiplier and gets additional QAP thats other than the
deal quality multiplierthat comes with datacap.That being said, this proposal should also call out the degraded functionality and/or the unnecessity of
AddVerifierandAddVerifiedClientmethods, with the introduction of "all you can mint" datacap rule.There was a problem hiding this comment.
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@jennijuju
You are the expert on implementation.
We appreciate your help.
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Seems like this is a more accurate and descriptive summary for this proposal
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Agree with this edit, it is more accurate than unsubstantiated commentary around decentralization, simplification, or permissionlessness.
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@galen-mcandrew
Our commentary on permissionlessness is pure fact.
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High-quality storage sounds ambiguous to me, as one can also provide "high quality" committed capacity storage on Filecoin.
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^^ I think a lot of this language is ambiguous.
If the simple summary gives a 1-2 sentence overview of the changes you want, the abstract should add a bit more detail about why. Saying that you want to "remove complexities" and "ensure the Filecoin mission is better represented" is a unclear. Just say what the complexities are, and how your proposed changes service the Filecoin mission.
Re: @jennijuju's points above, one definition that you can use for Fil+ is the one in FIP0003: "... maximize the amount of useful storage that Filecoin can and will support."
I want to help you avoid vagueness as much as possible. If you have vague language and terms in your FIP draft, it makes it harder to navigate the soft consensus/last call process.
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I would replace
with
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No, these are the same things. Words like "permissioned", "decentralized", and "fair" don't clearly frame your proposal. You need to say 1) what concrete change you're making, and 2) for what specific, concrete reason. Adding vague words- especially ones like "decentralized", which can be interpreted and defined in many different ways- makes both governance and implementation harder to navigate.
So, for example:
"The Fil+ program was designed to encourage high-quality storage on the Filecoin network. However, [insert specific problem you're trying to address]. To address this, we propose a change to the maintenance of datacap, such that datacap can be accessed by any network participant. Doing so will enable us to solve [insert aforementioned problem] because [insert reason]."
In other words, you're not making an argument; you're specifying a proposal. Does that make sense?
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Can you elaborate on the complexities and the issue/challenges associated with them? (They were discussed in the discussed, lets summarize the points that your proposal can resolve. We should ensure FIP readers may get enough context without going through the whole fip discussion)
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The motivation for this FIP is less the complexities of FIL+ and more that it’s permissioned.
We talked about this at length in 774.
For new money to come into the ecosystem, be it VCs or Miners, they must believe that this is a fair, transparent chain that uses a consensus algorithm grounded in objective, verifiable computation.
There is no demand for permissioned blockchains. The market doesn't want that and never has. It isn't a good design and it does not incentivize useful storage.
At best it misallocates subsidies to users who are unwilling to pay for services and at worst it's a complete charade.
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I would replace
with
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Can you please explain how this proposal will "encourage the onboarding of genuine data"? This seems core to your argument, but is unsubstantiated in this proposal.
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I would like to share that there is no concrete evidence of bribery, even though multiple claims have been made about secondary markets for DC. Additionally, all accusations, as they concern abuse of DC, are well founded in evidence here - https://www.notion.so/filecoin/T-T-Dispute-Tracker-d28b93677cb544b48e77b585856601cf
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@cryptowhizzard
You are a notary and do not want to lose your privilege.
That is why you defend the current system.
@hyunmoon
I am with you that we need paying users for the network to succeed.
But there's a right way and a wrong way to go about promoting paid deals.
The notary system is clearly not the way.
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@cryptowhizzard
The question is: who should decide what is valuable?
I believe users should decide what is valuable and what is a good use-case for our technology.
The governance team and notaries are not the ones paying for services nor are they using their own money to subsidize deals. Therefore they should not be making decisions about what is quality and useful.
Having non-users dictate 'quality' and 'utililty' is speculative at best and corrupt at worst.
Again, data you don't like is not 'crap'
The usefulness of data = how much users will pay for it
You don't know what Filecoin's PMF will be.
This is like saying Uniswap is crap because you can't trade 'real assets' like US Treasury Bonds and NASDAQ stocks.
The whole point of having a sybil resistance mechanism on a network is to enable permissionless participation.
PoSt and PoS are sybil resistance mechanisms.
If you want a permissioned network then there is no need to waste so much capital in PoS and so much computation in PoSt.
We can KYC every storage provider and have them sign contracts with PL.
Literally the entire point of this technology is to enable permissionlessness.
2
'True' and 'Real' data does nothing for the price of Filecoin is users aren't paying for it.
Marketing slogans are no substitute for Product Market Fit.
3
If you want a fair protocol then at the very least you should demand that all Filecoin Plus deals go up for public auction.
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@hyunmoon
If the governance team / notaries want to play VC they can use their own money to subsidize SPs serving 'real' users.
Their speculation/preferences are not a legitimate input to a consensus algorithm.
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I concur. Ideally, the project should have been backed by a single, upfront allocation of funds. However, I find it challenging to accept that the Filecoin Plus system can operate effectively as a fully permissionless entity. If there were a practical way to achieve this, I'm confident that the adept team at Protocol Labs would have already executed it.
I contend that the issues might not have escalated to this extent if the project had remained under the management of Protocol Labs employees instead of transitioning to elected notaries. The project ought to have been overseen by the very entity footing the bill. Although the initial vision might have centered on community-driven funding and governance, it appears the outcomes have fallen short of expectations.
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I addressed how 803 will disincentivize the onboarding of data with no paying users and fabricated datasets in "Product Considerations"
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I think we will need analysis on this -what is the cost for any/group of malicious actors to mint large amount of the data cap and onboarding CC sectors with the 10x multiplier and get>30% of the network QAP.
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The security of the network will be increased by the fip. In the past, only 1/10 of the hardware + enough DC was needed to do evil. Now it needs 1:1 hardware to be evil.
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I agree with Jennifer that this section seems incomplete. Security consideration should be given to:
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Currently, DataCap has no 'expiration point' and can only be destroyed by notary and RKH message (per FIP0028) or burned in deals.
Are there additional concerns of actors minting massive amounts of DataCap? What would happen if a bot opened new client addresses and spammed that mint DataCap function, creating EiB of DataCap immediately?
Should there be a threshold or gate on minting?
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What's the difference between fil+casting datacap and free casting datacap, especially given the amount of abuse?
What I want to know is why you don’t need to consider security issues when you turn on fil+ casting datacap, but you need to turn on free casting?
Is it more straightforward to switch to staking mining (POS) in one step?
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Regarding the risk of rapid gains in power from upgrading CC, thanks for the napkin analysis but the point of the question is the FIP document must discuss this the presence and likely size of this risk, and any mitigating factors. You might also note that SPs would have to snap-deal to do that upgrade, which introduces a hardware constraint. But again, the point isn't to convince anyone here, the point is that the document needs to contain a reasonable discussion of the risk.
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Re existing client data, I don't really think it's a security consideration, but it's definitely an incentive consideration. The change in incentives to SPs currently storing verified data is real. I tend to think the practical impact is low since "dumping" the data requires paying termination fees and re-sealing. But again, the FIP document must lay this out.
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If this FIP doesn't discuss data security of client data here, then it needs to be explicitly discussed in the product section - both for new data onboarded (how secure is that data vs status quo) and data that's already been onboarded into the network. IMHO is appropriate to include in the security section because ensuring storage is not suddenly dropped or storage quality reduced is a security concern for achieving the core purpose of the Filecoin network - but as long as it's included clearly it could be in either section
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I briefly discussed this in a PR just now.
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I addressed the risk of a substitution attack in "Security Considerations"
and dumping risk in "Incentive Considerations"
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I still have some hesitation about the doneness of this proposal, and I think it has to do with this section.
@jennijuju and I each flagged above that we'd like more specific language, specifically where "complexities" and "simplification" are referenced.
I'd also like to see a bit more documentation about the assumptions/observations driving this desired change, and what it actually means for anyone to be able to mint datacap. I know what they are, and they've been well discussed by folks engaging on this discussion topic. Those details should at least be summarized here as well (or below in Product Considerations; doesn't matter too much).
This FIP should not just direct implementers, but should also justify and explain the policy. It would be great for you to add a few sentences about how those minting datacap will (presumably) be opting for higher collateral rates, and why they may choose to do so. Why would people choose to mint datacap if its otherwise available to everyone? Or rather, why would someone NOT mint datacap if it's giving them a 10x multiplier? Etc.
I know you know these things; they should be here too.
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@kaitlin-beegle
if you add me as a collaborator I will speed up the editing process.
This was not David's first choice and he just wanted to get the PR out the door, not write a masterpiece.
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@The-Wayvy we have no ability to give you edit access here since the source of the PR is a repository under @dcasem's GitHub account. He should be able to do so, though.
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please elaborate what are the incentives that will bring to the network/SP by enabling onboard more CC/RBP and drive towards potential profit.
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@jennijuju they won't be CC sectors. They will have deals in them because that's how to onboard the datacap.
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This would actually be a strong motivation to follow on with the clean-up work of removing datacap and verifreg if this FIP is accepted. And implementing re-snap to support re-use of the capacity.
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The incentive to onboard is just block rewards, the same incentive currently for onboarding 10x sectors today.
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@momack2
@galen-mcandrew
Crypto-Economic Analysis is a job for... Crypto-Econ Lab
They've already done the work.
https://hackmd.io/zp-40inqSny5HMqmTSOKxw?view
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This substitution risk similar to FIP56 is important to explain in the FIP document. You can note that it's similar to risk of such behaviour if FIL+ was significantly more efficient and so datacap easier to get (even if all "good" data). It won't change the behaviour of SPs currently getting FIL+ much, which account for most onboarding today. It could change behaviour of others, but it's rather hard to say in which direction: balancing the substitution idea is the idea that for SPs who can't/won't get FIL+, onboarding anything at all becomes profitable, an improvement to today.
This risk comes down to the ability of SPs to chose their hardware/data capital balance. I tend to this this could be good for SP business models (heterogeneous environments and setups can optimise for their comparative advantage) but it does introduce the risk of this substitution having an impact on RPB. The FIP must discuss this.
It is not sufficient to say anything is someone else's job. This FIP document must describe all the relevant considerations. You can take some things from CEL's existing analysis. If more is needed you can ask them to help you, and they probably will. But no-one is obligated to do the work for you.
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How about the following edits regarding substitution risk? @anorth
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@momack2
We would like to cut the multiplier to keep RBP from further contracting.
One variation on 803 would be to give everyone access to the multiplier, but also gradually cut it down to one.
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Resolved
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Can you give a rough estimate on the drop in current inbound client demand for Filecoin that would drop off given the scale required for these "direct client payments", either here or in the product consideration section?
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I edited the FIP to mention that drops in demand are hard to quantify because
1.) We don't know what % of existing data on Filecoin has a real user behind it.
2.) We don't know what users are actually willing to pay for Filecoin services since they've been getting storage for free on Filecoin Plus.
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https://github.com/filecoin-project/FIPs/pull/803/files#r1309506511
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Can you please clarify why you expect more user-friendly product and services to exist without client data storage incentives?
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Without the notary system there would be fewer steps to getting their data onboarded.
Storage incentives are fine, but they can't have a human in the loop, and all computation involved needs to be verifiable by miners.
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there already exists pathways to onboard data without FIL+ incentives or using the notary program - however we have not seen any user-friendly products or services building around that data onboarding flow (that I know of - maybe Telnyx offers one that is publicly accessible?). I don't think you have evidence to support your claim that better UX will just happen without economic incentives (ex, multiple data onboarding solutions - offering much better UX) have been created around the FIL+ data onboarding flow including Spade, Singularity, web3.storage, BDE, Motion, and many tools created directly by storage providers.
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I changed it to:
Miners are still free to use all those data onboarding tools that you mentioned.
Under this proposal, the only economic incentive for miners to improve data-onboarding UX would be to get more paying users.
We think that's a good thing.
I added it to incentive considerations.
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Could you please add how would the proposed change impact the data client?
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The SPs are the real users of the network for now because they pay for the vast, vast majority of Filecoin blockspace / transaction fees.
Data clients are a negligible constituency at the moment.
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Agree with @The-Wayvy . Filecoin is a blockchain, and the users of a blockchain are those who hold and consume Filecoin through gas. Unless data clients directly pay fil to store on Fileocin, the impact to data clients are not directly related to the filecoin core protocol. IMHO, the fertility of RBP and SPs is what needs to be considered in a fip.
But from a platform perspective, if the fip can bring more RBP and SPs, it will generally bring more data clients and let them receive better services.
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Proof of Regulatory Capture vs. Proof of Space-Time
Agree with Arthur.
A fair, transparent chain with a lower barrier to entry will attract more SPs.
All else equal that will mean more storage, cheaper storage, and better storage.
The notary system doesn't incentivize useful storage.
It incentivizes bribery and fraud.
This is because it relies on unverifiable computation.
The sophistication of the fraud will scale with the size of the bureaucracy and the number of rules.
I don't want the miners on this network to spend all their time hobnobbing with governance people at FF, making bogus data sets, faking retrieval, bribing notaries, selling DC, etc.
It's a waste of their time and adds no value to the network.
What is the best use of our limited resources?
Fil+ may have brought some benefits to Filecoin.
But any further work on a permissioned Fil+ has lower ROI than researching permissionless solutions.
I have asked several times for an objective measure of usefulness other than willingness to pay and no one has given me one.
The subjective judgement involved in any human notary system will be a source of never-ending conflict.
The time, energy, and money spent mediating these conflicts and iterating on elections, guidelines, etc. would be better spent working on the actual tech itself.
Please remember: Filecoin can exist without the notary system, but the notary system cannot exist without Filecoin.
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If we are going to take the current state of the world where SPs have access and influence ( partly because the network spent the initial years focusing on the supply side) and use that as an argument to build the future state, then how do we create a place for clients in this network? If data clients are arguably a negligible constituency, this should be a concern for us and we should find ways to support this constituency.
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@raghavrmadya thanks for your contributions here, but this PR review should be fairly strictly focussed on editorial review of the content. It's not the place to ask or answer questions like this. Please do raise them in the discussion thread item, though.
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@raghavrmadya
@momack2
It's too early for the use cases that Filecoin Plus is trying to subsidize
I believe the root of our problem is a lack of patience.
We don't even have stablecoins or a DEX on Filecoin.
In fact we don't even have good oracles.
There is still a lot of work to be done on very basic infrastructure which exists on other chains, ex. Ethereum.
If those chains haven't taken users from their Web2 counterparts then it's definitely too early for us to do so.
We do have real users on the FVM and the miners themselves are users because they pay for blockspace.
Let's not
1.) deny the value of these real users.
2.) try to force certain use-cases and users on the network before Filecoin is ready for them.
Just keep building and have a little faith.
Please keep an open-mind to who the next set of real users and use-cases will be.
It probably will not be what you expect: just like few saw Uniswap or Cryptokitties etc coming.
To this day there are no mortgages or treasury bonds being traded on Ethereum, and it still has a larger market cap than the NYSE and many other TradFi giants.
Our goal should be to differentiate ourselves as much as possible from BTC and ETH.