What the "King Safety" paper should include

General
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Sustainability of staking
It is now sponsored by the AF for one more year.
Possible solutions: Algo price boost and/or txn price increase

Limited treasury
The Foundation has Algos for 2 more years.
Possible solutions: Raising the 10 billion Algo limit, and/or decreasing AF spending

Partnership problems
World Chess costs 700 K USD/year, seems too costly.
FIFA is already gone — a big loss.

Relay nodes
Not transparent, a closed club.
Solution: p2p, where relays are optional and user-funded. Also, a deadline for this transition.

Transaction fees
Txn fees should depend on the amount. E.g. max(0.001*amount, 0.001) Algo

Leadership incentives
AF leaders should have skin in the game.
They should take 30% of their salary in ALGO with a 2-year lock-up.

No more “kings”
Big spending decisions should not be made by the Foundation alone.
Any expense above $500k should go thru xGov Coucillors vote first.

Bottom line:
The technology is good. The economics are broken.
The “King Safety” paper is the last chance to fix this.
Vague promises are not enough anymore.

3 Likes
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  • min tx fee increase (it’s a must, yes it will break a lot of things)
  • clarity on no uncapping, commit
  • top-up of node runner rewards, put your money where your mouth is, if network succeeds AF succeeds… hogging community/network/adoption allocated funds for “AF operational costs” is not something ima fan of. We need this longer horizon stability, that only a top-up to fee singk can guarantee.
  • sustainable xgov or simmilar mechanism for community goods funding. If there is money for chess and charity there should be money for actual ecosystem builders and users that have kept this chain relevant over the years.
  • Some sort of accountability for AF to tied to their spending/selling of algo: for an example % of variable ALGO allocation(on top of the min needed to keep things running) towards AF based on certain KPIs, and no not the vanity metrics.
1 Like
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Why did you create a second thread on the same topic you posted about elsewhere?

4

I didn’t. Please be more specific, @iGetAlgo

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Practically the same topic…

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Hi, @iGetAlgo ,
essentially you are right.

But:

  1. I didn’t get any answer to my open letter to AF CEO Staci Warden
  2. I think “King Safety” should be discussed publicly, so this time I didn’t address it to any “C” level boss, and tried to condense the topic as much as possible
  3. the paper was promised long ago, first on 11-Dec-2025 by AF, then again at the March Community Call. Expected delivery time is always 30 - 60 days :slight_smile:

I’ d like to get a response from you regarding the content of the two topics…

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i agree on all these fronts and just like i said last time…

i wish you the best of luck trying to get answer. Cheers! :saluting_face:

The foundation and its employees keep making excuses that they havent released it because staff changes and the new board structure has delayed when we all know they just dont stick to deadlines in general…