Replies to post #74135 on Data443 Risk Mitigation Inc (ATDS)

[Zani]

That is speculation. Other blockchains it was created with block rewards from the start (that's why you mined bitcoin, ethereum, etc. because there was a clear case of rewards. This is why no one wants to be a Ripple Validators at the moment). We do not know if

1. XRP will even get a reward at this point.
2. If it will be the form of a block reward.
3. Even if there is incentive, which is a big if at this point, don't expect much out of it for running 3 servers. Ripple been out for years.

LDSR should be running validators because it wants to help the Ripple network and believe in its mission. Not because they think there is a pot of gold at the end of the tunnel.

Understand what it means to run a validator

If you or your organization relies on the XRP Ledger, it is in your interest to run a validator to participate in the consensus process and provide a trusted validator that supports the ongoing decentralization of the XRP Ledger.

If you are an independent developer, you may want to run a validator as a way to participate in and dive into the technology that supports the XRP Ledger network.

While validator diversity is important, not every validator is likely to be widely trusted and validator list publishers may require validators to meet stringent criteria before they list them on validator lists.

Despite that, it is important to note that every validator contributes to the long-term health and decentralization of the XRP Ledger

What is the validator incentive structure for validators not run by Ripple?

If the XRP Ledger becomes successful and is widely used for interbank settlement, there will be an incentive for participants to ensure the reliability and stability of the network. If this happens, institutions will run rippled servers to participate in the network. Once you are running a server, the additional cost and effort to operate a validator is essentially zero—it would simply involve flipping a software switch from off to on. It is the validators who decide the evolution of the XRP Ledger, so the primary incentive to run a validator is to preserve and protect the stable operation and sensible evolution of the network

[Ferda]

If block reward refers to validators getting XRP then no this will never happen. Bitcoin has a reward system for mining because the coins are locked away and need to be freed which requires computational resources. Ripple pre-mined ALL XRP. So there is no need for mining. Validators exist to increase decentralization and to keep the process active in the event Ripple the company fails.

All this validator payment nonsense should stop. The rewards are this: notoriety for being on their UNL list, voting privileges on changes to transaction costs, voting privileges on reserve requirements.