this post was submitted on 25 Aug 2023
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Privacy
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I am concerned that the payment for starting a node would create an effect opposite of what's advertised. Looked it up and the cost of setting up a node is more than all my savings. That absolutely deters an average Joe who just wants to contribute to the network. Who would want and be able to set up a node then? Either crypto enthusiasts or someone who has big funds already. Like big corporations and government agencies. Also if the operators of the nodes receive money, that means someone would have to lose money, right? Sounds a little bit like a pyramid. Maybe I am wrong, but the logic seems weird.
I'm not sure it's a pyramid structure. To me what you have described is rather a service provider structure. In a pyramid those who pay don't get anything in return, no?
I mean, I am confused where they would take the money if we assume everyone who paid to set up a node gets 100% of their money back.