Chainflow Staking Systems Intro and FAQ
Who’s running the Chainflow Staking Systems?
I’m Chris. I caught the blockchain brain virus in early 2016. I’ve become deeply involved in the crypto and blockchain ecosystem since then. Twitter’s a good place to see what’s on my mind at the moment.
You can learn more about my experience and history here. In short, my background is heavy on telecom and IT infrastructure. My first job was as a self-taught UNIX system administrator. Those systems ran Sprint’s first IP-based Cisco Router network.
In my pre-crypto life, I worked on large, mission-critical data center and networking projects. My clients were some of the largest financial, government and telecom institutions in the world. (And yes, I’m grateful NOT to be doing THAT anymore!)
I worked on data center projects for banks, credit card processors, defense and homeland security agencies as well as global telecom providers. As you can imagine, they all operated under strict and unforgiving up-time and security metrics.
Why am I operating the Chainflow Staking Systems?
I feel hopeful and optimistic about a decentralized future. I’m optimistic that decentralization will decentralize power. It’s my belief that centralization of power causes many of the world’s biggest problems. I’ve felt powerless most of my life.
My hope is that decentralization results in a fairer distribution of power, wealth, and opportunity. The Chainflow Staking Systems are one of my contributions toward manifesting a decentralized future.
I’m also a believer in Proof-of-Stake (PoS). I believe PoS is more inclusive and sustainable than Proof-of-Work (PoW). I’m speaking from experience here as I have experimented with PoW mining.
To me, the PoW ship has sailed in the direction of centralization. It’s becoming more centralized each day.
This re-centralization favors a shrinking number of participants. They're the ones able to access lots of capital to buy expensive hardware. PoW also consumes an inordinate amount of resources, at the expense of the planet’s future.
Who are the Chainflow Staking Systems for?
My intention is for the Chainflow Staking Systems to be inclusive, not exclusive. This means any stake amount is welcome, no matter how big or small.
There's no minimum staking requirement. There are also no preferential terms or treatment for one delegate over another.
Big stakes and small stakes get the same attention. The smallest stake holder is as important as the largest.
I’m also building and running these staking systems for the communities. Who are the communities?
My evolving community definition is individuals and groups -
- Optimistic about a decentralized future.
- Supporting the network the staking system runs on.
- Building other crypto projects that will integrate with the network the staking system runs on.
Who aren’t the Chainflow Staking Systems for?
The Chainflow Staking Systems welcome everyone. They're inclusive, as I describe above.
That said, the values of some individual and groups may not align well with the Chainflow Staking Systems. Those individuals and groups may be -
- Speculating on crypto prices and ICO’s, e.g. day-traders, speculators, scammers and spammers.
- Driven purely by financial interests.
- Hoping to extract a quick buck from crypto and blockchain projects and their communities.
What’s the Chainflow Staking System network and roadmap look like?
I’m running VPS infrastructure for now. It's upgradeable with minimal downtime. The plan is to scale the servers up as necessary and as finances permit.
My hope is these staking systems support themselves over time. Right they're funded from my own pocket.
In parallel, my focus is on minimizing security risk and downtime. This means adding monitoring, redundancy, and security. I’ll also automate services as it makes sense to do so.
What fee structure will the Chainflow Livepeer Transcoder use?
The fee structure will change over time. I’m learning as I go. I’ll update the fee structure to reflect what I’m learning.
I’ll provide plenty of notice before changing anything. This will allow you to make an informed decision whether to stay with me or move to another staking system.
What won’t change are my guiding principles.
These principles are to -
- Distribute enough rewards and fees to stay competitive, while not compromising system availability, security and integrity.
- Keep enough rewards and fees to maintain and improve the network.
- Keep a percentage of rewards and fees to repay myself for the time and effort invested in running the systems.
- Maintain full transparency into the distribution and uses of rewards and fees.
What networks will the Chainflow Staking Systems operate on?
I'm currently running on these networks -
I'm also researching these now-
I'm open to other networks too. It's early and demand changes daily. Contact me 👇 if a network not on these lists interests you.
Ready to delegate?
Are you now ready to stake to the Chainflow Staking Systems? Fantastic!
Email me here to get started.
Still have questions?
Thanks for reading this far. If you have more questions, email me here.