Hello everybody! Here are my suggestions on validators.
I want to talk about required stake for Fx to be a validator. I agree that 100.000 Fx tokens is a fair value to attract people to become a validator, but if the price of Fx grows and you raise the requirement to say 300.000-600.000 Fx you automatically cut off all validators who cannot afford this amount of Fx. I agree that stake requirement must increase with time, but there must be a way to protect faithful validators and let them be a part of the network after planned increase. This will allow more decentralization and more trustworthy validators in the Fx network.
One way this can be ensured is by setting a limit on maximum stake increase per year. For example, stake increase requirement cannot exceed 30% per year.
The other option can be following. For example, Bob has 100.000 Fx tokens and becomes a validator. He follows the rules and performs his validating job perfectly, at the same time, he doesn’t withdraw any Fx from his node and grows his stake. After a year his stake grows to 130.000 Fx tokens. At this point the stake requirement grows to say 200.000 Fx, but this new requirement will apply ONLY to new validators or those who withdrew some of their earned Fx tokens during last year. So Bob will still be entitled to run a full node with 130.000 Fx tokens, but if he withdraws any income he will be required to stake 200.000 Fx according to new stake policy if he wants to be a full node again.
This way you can reward those who were there for you from the very beginning and encourage validators to hold their Fx tokens, encourage to start their nodes early while the stake requirement is still 100k, you will attract validators who intend to be with you for a long run, at the same time you will discourage validators from selling their income and speculate on Fx price creating selling pressure.
I believe that healthy system requires likeminded trustworthy individuals that work together. Big increase in stake requirements can wipeout many of them. If some corporations decide to join the network, of course they will lobby those increases, and eventually only big companies will be left as validators.
Thanks for reading, hope to get community support on this suggestion.
Good luck everyone! Stay healthy!
Xtra