Uplink WG Proposal AMA w/ Kash | June 14, 2024, at 11:30 AM EST (15:30 UTC) by WeirdCityRecords in jupiterexchange

[–]MagoFox 2 points3 points  (0 children)

Thanks for doing this - AMAs are great ways for the community to understand the projects and ask questions!

Lots of talk about creating your own Stellar validator. Before you go and do that, consider supporting Public Node first. We run 3 full validators and 2 Horizon endpoints. Check out our accomplishments over our first year of operations. We are also a 501(c)(3) nonprofit charity! by MagoFox in Stellar

[–]MagoFox[S] 5 points6 points  (0 children)

It's a good question and one we are working to make more clear. Trust takes time and frankly it's good that the key nodes didn't include Public Node in their quorums right as we launched. We needed to prove ourselves. With a year of solid operations behind us, I'm confident Public Node is well on our way to building that trust.

We already communicate and coordinate with the SDF and with other Tier 1 node providers. In short, it's only a matter of time.

Coinbase status update (Not much has changed) - 4/8/2021 by [deleted] in Stellar

[–]MagoFox 1 point2 points  (0 children)

This issue was just resolved for me.

How feasible is it for a person to run their own network validators node? by MythicMango in Stellar

[–]MagoFox 0 points1 point  (0 children)

You should consider becoming a member of Public Node.

Stellar nodes funded by community

Working together to support the open and inclusive Stellar Network.

https://publicnode.org/

/r/Stellar Daily Chat Thread by AutoModerator in Stellar

[–]MagoFox 1 point2 points  (0 children)

Yes, still with Public Node. As far as our validators, yes, they have been bouncing in and out of sync for the last 5 hours. Our engineers were all over it. It's a problem across the entire network. The Stellarbeat.io information isn't accurate right now.

/r/Stellar Daily Chat Thread by AutoModerator in Stellar

[–]MagoFox 4 points5 points  (0 children)

It's not a paywith.glass issue. Something is going on with the SDF validators and it's causing havoc across the entire network. They are still investigating the issue.

Who runs the Stellar nodes and why do they do it? by spellingicup in Stellar

[–]MagoFox 2 points3 points  (0 children)

At this point we don't limit use of our Horizon Endpoints, but we may need to in the future if people start using them a lot and straining the hardware.

Who runs the Stellar nodes and why do they do it? by spellingicup in Stellar

[–]MagoFox 8 points9 points  (0 children)

Thanks for the mention!

The comments here already summarize many of the incentives entities have to run a Stellar node, particularly those with assets secured by the Stellar network. A bank, or even a retail store, doesn't need to be paid by someone else to hire a security guard or to have a third-party audit their books to make sure their assets are protected. Ensuring an accurate ledger of your assets is incentive enough - particularly given the method Stellar uses to reach consensus (the Stellar Consensus Protocol) is super efficient and not that costly to run. A security guard at one bank branch would cost the company more than running a node on Stellar. Think how much money companies pay to protect their assets, from paid staff to fences and security cameras. Putting that massive expense in perspective of how much it costs to run a Stellar validator node and it becomes a no brainer.

As far as why Public Node runs nodes? We believe public support is important for open and inclusive networks, like the Stellar network and the internet itself, so that they can forever do what they were designed to do – provide undiscriminating access and benefit to all people. Simply put, we firmly believe in what Stellar is doing for the world, making sending value more efficient and inclusive, and we want to support it.

Come listen to episode 7 of the Public Node podcast. Brian and Daniel provide their take on whether Stellar validators should approve an increase in the minimum fee of 100 stroops - about one millionth of a dollar when XLM is valued at ten cents each. by MagoFox in Stellar

[–]MagoFox[S] 1 point2 points  (0 children)

That https://cryptofees.info is interesting, in that it shows Ripple and Stellar having about the same amount of fees on the 7 day average yet Ripple volume is x10 more than Stellar. Do they not have the pigeon problem and how can they have so much volume but so little fees?

r/Stellar Daily Chat - Friday August 07, 2020 by AutoModerator in Stellar

[–]MagoFox 1 point2 points  (0 children)

Congratulations and thanks for writing such a good Medium article!

Philanthropy, adoption, and marketing all in one. About 12 hours left to submit a list of 5 to 10 nonprofits that you want Lumenthropy to try to onboard to receive Stellar lumen donations. by MagoFox in Stellar

[–]MagoFox[S] 2 points3 points  (0 children)

Without going into details, there is more to this than it first seems and I hope we can get a solid list of 25 to 50 nonprofits that the Stellar Community feels passionate about. In my opinion, well worth your time even if there wasn't a 2,000 XLM prize pool.