1 – Utopia Trivia – How many times was the Utopia mainnet delayed before official launch?
Look for the answer somewhere in this edition of TheMessage
2 – “The Allure of Audience, The Illusion of Influence” (PART I)
When an individual, group or business has a message to communicate to the world, it’s natural to try and say it where the most people will be able to hear it. These days that medium is the telecommunications framework we all know as the internet. However, the internet as we know it today is not exactly an equitable forum of free speech. It consists of computer networks interconnected on a global scale. These networks have gate keepers, checkpoints and access ramps that are controlled by a class of national actors in the form of governments and supranational actors in the form of global corporations. This system has produced a relatively small number of power players on the world stage that have the largest audiences of people online and therefore excercise the greatest amount of control; including Facebook and its subsidiaries, Instagram and WhatsApp, along with Twitter and the Chinese and Russian variations of these types of platforms (WeChat, VK, etc.)
These are the platforms those with a message to communicate are naturally attracted to, because a message without an audience is akin to the universe in all its magnificence without life to appreciate it or be awed by it. When these messengers are attracted to these platforms, like innocent moths to a flaming fire, the platforms themselves grow larger and more powerful. It becomes a self-fulfilling prophecy, as more people join the audience to hear what the messengers have to say and to remain connected with each other. In the early stages of growth, the platforms aim to be very friendly and favourable to audiences and to messengers because the power comes from the people themselves as the platforms are merely vehicles for their expression. However, as the platforms become too large to ignore, that power dynamic begins to shift and the people and messengers become like sheep in a pen.
The larger the audience becomes, the more influence messengers believe they have. All the while, the farmer is sheering both for profit as they quietly play their roles. But what happens when one of the messenger sheep gets out of line? What happens when the message is not exactly what the farmer wants the audience sheep to hear? Most importantly, what happens when one of the sheep tries to become a shepherd to the herd?…
PLEASE LOOK FOR PART II OF THIS ARTICLE IN EDITION 003 OF THEMESSAGE ON JANUARY 27th, 2020
3 – “What is the Price of CRP?”
As profound a tool of empowerment and free expression as Utopia P2P may be, there’s inevitably one question on the mind of most newcomers to the community, and that is the question of price. While there are different approaches to take in tackling this challenge when a genuine market price has not yet been established, and there is more nuance to the subject than may be superficially apparent, this article will focus on the cost-basis methodology.
One member of the community who has recently taken up this challenge is Makedonskiy (uNS-verified alias), who recently published his own article on the subject in channel #UNEWS (uNS-verified channel) with an ID# 3ACC96F64F1918323091A728806254D7. His article has been reproduced with his explicit permission exactly as originally published between the astrisk lines below. While the TheMerchant’s army of bots have variable inputs slightly different than those quoted in the article, (which include an overly generous node productivity figure under current network conditions when projected at scale) the final result is remakably close to his.
“Buy a lot of Cryptons, $0.8 each.”
Isn’t it cheap? After all, just recently, Crypton was successfully traded at $1.5-2 per token. You can argue for a long time, another important thing: The starting point for pricing when demand exceeds supply is production costs. That’s why we are going to calculate them, in order to understand how adequately Crypton is evaluated as of 18.01.2020.
The cost of mining is made up of:
- Equipment and purchase of VPS
- Adaptation of the Internet channel (acquisition of a public IP, its extension) – if you are mining on your home server
- Electricity costs (if you keep the node on your server)
- The evaluation of one’s work on the setting is a subjective parameter, but it should be understood that the miners will not work for free.
- Total node performance (depends on the complexity of the extraction)
Now let’s calculate the costs:
For VPS mining:
Buying and maintaining the server – 25 dollars/month as a minimum
The productivity of the node as of 18.01.2020, average – 1 Crypton/day
Remuneration of own labour for setting and maintaining – we will take 50% of the sum of productivity
With a node output of 1 Crypton, the calculation formula will appear: (VPS price in USD / number of days per month)+50% of the resulting amount. In our case, about 1.3 $ each (+/-) comes out.
Mining with home server is much more difficult. I will not overload you with numbers, and I will only say that the mining on the home server, at the moment, given all the limitations and nuances, comparable to the mining on the VPS.
Bottom line: According to the author, the minimum price of “consent” at which community members can buy Crypton without infringing on the value of the work of the miners is $1.3 per coin. In the language of trade, this is the minimum allowed wholesale price, directly from the manufacturer. Thus, the optimal selling price of coins by traders, taking into account the usefulness of their activities, will be not lower than 1.5 dollars per 1 Crypton. With the increasing complexity of mining, the minimum “price of consent” will increase many times.
4 – “When is the Big Update Coming?”
Utopia Trivia Answer – The Utopia mainnet official launch was delayed a total of three separate times. Initially scheduled for the first week of October, the launch was delayed (and the Beta testnet extended) for a full month at the time. The first week of November brought the second official delay, but this time for only 2 weeks. November 18th brought the final, unofficial, delay of just under 3hrs as the launch time of 12:00 UTC had to be slightly pushed in order to accomodate the proper launching of the mainnet of Utopia.
Have you ever crafted a stone sculpture with your own hands? Have you ever tried to delicately place the final strokes of paint on a personal masterpiece, or compose the final few pages of a grand novel or indeed your own memoirs? When the artist, writer, or yes, even the developer is in charge of saying a personal project is ready for the public, there is an intense struggle with the self that comes about. As much as the creator wants his creation to see the world and to be seen by it, there’s always more to be done. The work is never quite refined enough for the creator who loves his creation with an intense and personal conviction. As much as Utopia P2P is created for the entire world to benefit from, as evidenced by the remarkable number of languages it has been made available in, it is also still a very personal project for the enigmatic team behind it. Recall that before the Beta was ever announced in mid-2019, the 1984 Group had been toiling away in secret for almost 6 years on the project. So when a major update is delayed by a few days or weeks, those of us who are excited to taste the fruit of the team’s toil, with TheMerchant firmly among them, are reminded of that struggle and the motivations behind it.
5 – Personal Note from The Publisher
Established members of Utopia will recall that soon after the launch of TheMarket on January 1st, 2020, TheMerchant revealed himself as the majority miner of the network. This was not done with the intention to boast, but rather to help establish credibility in an effort to reset price expectations for CRP given the difficult mining conditions of the network at the time. These conditions, while continuing to persist as we all await the coming major update, have not prevented a major milestone from coming about. It gives the Publisher great satisfaction to report the following very healthy signal for our beloved ecosystem; TheMerchant is no longer the majority miner of the network. Over the past week the number of active mining threads have increased significantly, which is an indication of more serious interest and investment by additional miners on the network. The majority of mining rewards are no longer being collected by the Publisher alone, but rather are being distributed more widely to network participants. As the coming update is released and miner economics improve, we can hope and expect this trend to continue well into the future.
Update on TheMarket’s CRP Brick Graphics Design Competition
Originally announced in the launch edition of TheMessage, the contest is now well under way and the submissions are coming in on a regular basis at TheMarket: E95109799EC5047783C867F6AF6D4568
TheMerchant would like to acknowledge and thank the following Utopians for their submissions: HotOff, Merchie, shashank, alumin, ATM
TheMerchant would like to extend a special appreciation and admiration for the remarkable efforts of: Saahil, schat, ATOM
The official deadline is January 26th at 14:00 UTC. The official prizes will be announced at that time in TheMarket. Please join us!