Like i mentioned in my own thread, we need to have quality meaning we need to add in the column of “Uptime”.
I honestly don’t care as long as its below 2.5% commission, i will gladly support the public validators but we delegators or anybody don’t want to get slashed. So i hope they will implement the uptime in the explorer so users have the option to choose the one with 100% uptime consistently.
Only time will tell who have the best security system in place to have the server running 100% with backups - Safety comes first.
But because we are still in the early stages of main net, i think its inevitable that there will be price wars so i think it is perfectly normal that there are price wars at the start.
Once Function X matures, we will see lesser price wars.
Just like other chains, take Cosmos for example, there are institutional validators that charge 10-15% but people still staked with them. And comparing to Binance with 2.5% commission, people stake with them not because of them charging a low fee of 2.5% but it is because their platform is #1.
Once a chain matures, commissions don’t matter anymore, it is security, uptime & i have to say, reputation.
Early birds gets the worm → Early supporters get the delegated tokens.
In this early stage, my concern is not profit but security and should be the same for everyone else also. I think everyone can agree that in crypto, security is the main factor.
My thread: Public/Institutional Validators Uptime - #4 by l4zyboi