From 08f422d41657f6966bdd7775de457a2982fb205b Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 14:20:46 -0600 Subject: [PATCH 01/89] Create 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 123 ++++++++++++++++++ 1 file changed, 123 insertions(+) create mode 100644 0024-transfer-hotspot-percentage-ownership.md diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md new file mode 100644 index 000000000..133e53896 --- /dev/null +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -0,0 +1,123 @@ +# HIP Template + +- Author(s): @ericmheilman +- Start Date: 2020-12-26 +- Category: Technical +- Original HIP PR: +- Tracking Issue: + +# Summary +[summary]: #summary + +This proposal introduces a new transaction, transfer_gateway_v2, which will +allow a hotspot owner to transfer a percentage of hotspot ownership to another +hotspot owner. Percentage of hotspot ownership is determinant in the payout of +HNT rewards (i.e. 50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). +Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. + +# Motivation +[motivation]: #motivation + +There are various repetitive tasks associated with the host-owner relationship +that could be automated with percentage transfer of hotspot ownership. For example, +owners have to calculate payouts for each of their hosts and pay each host +manually. Likewise, hosts have to cross-reference the performance of their hotspots +with their payments in order to ensure they are getting fair payouts. +Automating these tasks by allowing for a percentage transfer of hotspot ownership +would benefit the Helium network as it would reduce the time and energy needed to +maintain host-owner relationships, as well as by giving rise to a new type of relationship, +the owner-owner relationship. + + +# Stakeholders +[stakeholders]: #stakeholders + +Current and future participants in host-owner relationships. + +The Helium blockchain engineering team. + +Feedback will be gathered by sharing this HIP in various Discord channels. + + +# Detailed Explanation +[detailed-explanation]: #detailed-explanation + +## Implement a new transaction, `transfer_gateway_v2` + +This new transaction would require two parties to sign the transaction in order to +update the gateway's ownership percentages in the ledger. + +### Steps + +1. Current owner creates a partially signed transaction with a proposed ownership +percentage as well as an optional HNT amount that is required to complete the transaction. + +2. Current owner sends the partially signed transaction to the receiving owner. + +3. Recipient signs the transaction and pays the DC fee to submit the transaction to the blockchain. + +4. If the receiving account contains sufficient HNT balance as requested by the current +owner and contains enough HNT to burn into DCs for the transaction, the transaction +is accepted and the gateway's owner is updated in the ledger. + +5. The hotspot appears in both the sender's hotspot list and as well as the recipient's +hotspot list. The respective hotspot ownership percentages are reflected +within the hotspot list. + +## Implement the transaction in the helium-wallet client + +The [Helium Wallet CLI](https://github.com/helium/helium-wallet-rs) currently supports exporting a partially completed transaction as either a QR code or a Base64-encoded text blob. Either of these formats would be useful for competing the transaction. + +## Implement the transfer UI in the Helium app + +Not considered. The Helium blockchain team will implement the transaction and implementation via the command line client. Future work on integrating this transfer into the Helium mobile app will be prioritized but is out of scope of this HIP. + + +# Drawbacks +[drawbacks]: #drawbacks + +The only drawback consideration that has been raised so far is chain bloat. + +# Rationale and Alternatives +[alternatives]: #rationale-and-alternatives + +Rationale + +The rationale for this change is six-fold. + +1. Save time for participants of host-owner relationships +2. Give users a sense of legitimate ownership which will encourage further +investment and use in the network over time +3. Remove the hard-cap of how many hotspots an owner can deploy to hosts. Right +now, if a host only has time to perform 'x' payments, the host can only deploy +'x' hotspots +4. Remove the need for hosts to trust owners and hotspot earnings tracker platforms +5. Allow users to see their HNT earnings in real-time +6. Remove the need for hotspot earnings tracker platforms + +An alternative design would be to allow owners to allocate a percentage of HNT earnings from a +hotspot to a different address. We believe this to be the inferior option as it does not +provide hosts with a sense of legitimate ownership of their hotspot. + +# Unresolved Questions +[unresolved]: #unresolved-questions + +N/A + +# Deployment Impact +[deployment-impact]: #deployment-impact + +We believe that many helium hotspots will have a percentage of their ownership +transferred after this functionality is deployed. We also believe that this deployed +functionality will have a notable impact on the positive-feedback loop that is driving +helium network deployment, as it will reduce the friction associated with establishing +relationships between hotspot owners and hotspot hosts. + + + +# Success Metrics +[success-metrics]: #success-metrics + +The Helium blockchain team will not be explicitly tracking success metrics for this +transaction type addition but we expect that host-owner relationships will proliferate +as they are now simpler to maintain for both parties. From ccd318a49d9d11904a722dc23d118144e9007843 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 14:24:36 -0600 Subject: [PATCH 02/89] Update 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md index 133e53896..8a053b32f 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -11,7 +11,7 @@ This proposal introduces a new transaction, transfer_gateway_v2, which will allow a hotspot owner to transfer a percentage of hotspot ownership to another -hotspot owner. Percentage of hotspot ownership is determinant in the payout of +hotspot owner. Percentage of hotspot ownership will be determinant in the payout of HNT rewards (i.e. 50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. From 076cd405f609096ee67d0838cc90ebe503481291 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 14:26:40 -0600 Subject: [PATCH 03/89] Update 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md index 8a053b32f..49f5e2565 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -20,7 +20,7 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o There are various repetitive tasks associated with the host-owner relationship that could be automated with percentage transfer of hotspot ownership. For example, -owners have to calculate payouts for each of their hosts and pay each host +owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to cross-reference the performance of their hotspots with their payments in order to ensure they are getting fair payouts. Automating these tasks by allowing for a percentage transfer of hotspot ownership From e36e8cb446d0b1f4a5370a7079fb961b8dae86cf Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 14:27:19 -0600 Subject: [PATCH 04/89] Update 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md index 49f5e2565..09a0008ac 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -11,7 +11,7 @@ This proposal introduces a new transaction, transfer_gateway_v2, which will allow a hotspot owner to transfer a percentage of hotspot ownership to another -hotspot owner. Percentage of hotspot ownership will be determinant in the payout of +address. Percentage of hotspot ownership will be determinant in the payout of HNT rewards (i.e. 50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. From 2e8c203cfb60487edd458e97673ff563712c3a71 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 14:29:05 -0600 Subject: [PATCH 05/89] Update 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 12 ++++++------ 1 file changed, 6 insertions(+), 6 deletions(-) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md index 09a0008ac..ae81965aa 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -21,12 +21,12 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o There are various repetitive tasks associated with the host-owner relationship that could be automated with percentage transfer of hotspot ownership. For example, owners have to calculate payouts for each of their hosts and pay out each host -manually. Likewise, hosts have to cross-reference the performance of their hotspots -with their payments in order to ensure they are getting fair payouts. -Automating these tasks by allowing for a percentage transfer of hotspot ownership -would benefit the Helium network as it would reduce the time and energy needed to -maintain host-owner relationships, as well as by giving rise to a new type of relationship, -the owner-owner relationship. +manually. Likewise, hosts have to cross-reference hotspot earnings tracker platforms +with their payments in order to ensure they are getting fair payouts and that their hotspots +are currently functioning properly. Automating these tasks by allowing for a percentage +transfer of hotspot ownership would benefit the Helium network as it would reduce the +time and energy needed to maintain host-owner relationships, as well as by giving +rise to a new type of relationship, the owner-owner relationship. # Stakeholders From 5699bfe36e0321062bc3aafa3d59680fcd2eb814 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 14:31:16 -0600 Subject: [PATCH 06/89] Update 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md index ae81965aa..ee682becc 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -22,9 +22,9 @@ There are various repetitive tasks associated with the host-owner relationship that could be automated with percentage transfer of hotspot ownership. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to cross-reference hotspot earnings tracker platforms -with their payments in order to ensure they are getting fair payouts and that their hotspots -are currently functioning properly. Automating these tasks by allowing for a percentage -transfer of hotspot ownership would benefit the Helium network as it would reduce the +with their payments in order to ensure they are getting fair payouts. Hosts must also +reference earnings tracker platforms in order to ensure their hotspots are alive and well. +Automating these tasks would benefit the Helium network as it would reduce the time and energy needed to maintain host-owner relationships, as well as by giving rise to a new type of relationship, the owner-owner relationship. From 6368e34ea433f21c575c13cb8837bcb833e4efcf Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 14:41:26 -0600 Subject: [PATCH 07/89] Update 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 20 +++++++++++-------- 1 file changed, 12 insertions(+), 8 deletions(-) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md index ee682becc..784070a58 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -12,21 +12,26 @@ This proposal introduces a new transaction, transfer_gateway_v2, which will allow a hotspot owner to transfer a percentage of hotspot ownership to another address. Percentage of hotspot ownership will be determinant in the payout of -HNT rewards (i.e. 50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). +HNT rewards (50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. # Motivation [motivation]: #motivation There are various repetitive tasks associated with the host-owner relationship -that could be automated with percentage transfer of hotspot ownership. For example, +that make the relationship more time and energy consuming than necessary. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to cross-reference hotspot earnings tracker platforms with their payments in order to ensure they are getting fair payouts. Hosts must also -reference earnings tracker platforms in order to ensure their hotspots are alive and well. -Automating these tasks would benefit the Helium network as it would reduce the -time and energy needed to maintain host-owner relationships, as well as by giving -rise to a new type of relationship, the owner-owner relationship. +reference earnings tracker platforms in order to ensure their hotspots are online and +functioning properly. + +This new transaction would automate these tasks by allowing HNT earnings to automatically +be routed to their intended addresses, as opposed to being manually rerouted at set intervals +by hotspot owners. + +This automation would benefit the Helium network as it would greatly reduce the +time and energy needed to maintain host-owner relationships. # Stakeholders @@ -61,8 +66,7 @@ owner and contains enough HNT to burn into DCs for the transaction, the transact is accepted and the gateway's owner is updated in the ledger. 5. The hotspot appears in both the sender's hotspot list and as well as the recipient's -hotspot list. The respective hotspot ownership percentages are reflected -within the hotspot list. +hotspot list. The respective hotspot ownership percentages are reflected accordingly. ## Implement the transaction in the helium-wallet client From f34d525ee1fbda036a4577916a66e839d8acdd5e Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 14:44:35 -0600 Subject: [PATCH 08/89] Update 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 4 ---- 1 file changed, 4 deletions(-) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md index 784070a58..fd91ed2e5 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -103,10 +103,6 @@ An alternative design would be to allow owners to allocate a percentage of HNT e hotspot to a different address. We believe this to be the inferior option as it does not provide hosts with a sense of legitimate ownership of their hotspot. -# Unresolved Questions -[unresolved]: #unresolved-questions - -N/A # Deployment Impact [deployment-impact]: #deployment-impact From 1759dddb4a48a979428f2cce066e544b525c2067 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 16:25:42 -0600 Subject: [PATCH 09/89] Update 0024-transfer-hotspot-percentage-ownership.md --- 0024-transfer-hotspot-percentage-ownership.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-hotspot-percentage-ownership.md index fd91ed2e5..b26d1342a 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-hotspot-percentage-ownership.md @@ -30,8 +30,8 @@ This new transaction would automate these tasks by allowing HNT earnings to auto be routed to their intended addresses, as opposed to being manually rerouted at set intervals by hotspot owners. -This automation would benefit the Helium network as it would greatly reduce the -time and energy needed to maintain host-owner relationships. +This automation would benefit the Helium network as it would facilitate less cumbersome +host-owner relationships. # Stakeholders From f89342ef3babda66f4f49ee1342ee94c6af84cd7 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 16:38:02 -0600 Subject: [PATCH 10/89] Update and rename 0024-transfer-hotspot-percentage-ownership.md to 0024-transfer-percentage-of-hotspot.md --- ...ntage-ownership.md => 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) rename 0024-transfer-hotspot-percentage-ownership.md => 0024-transfer-percentage-of-hotspot.md (99%) diff --git a/0024-transfer-hotspot-percentage-ownership.md b/0024-transfer-percentage-of-hotspot.md similarity index 99% rename from 0024-transfer-hotspot-percentage-ownership.md rename to 0024-transfer-percentage-of-hotspot.md index b26d1342a..08e82866b 100644 --- a/0024-transfer-hotspot-percentage-ownership.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -1,4 +1,4 @@ -# HIP Template +# HIP 24: Transfer Percentage of Hotspot - Author(s): @ericmheilman - Start Date: 2020-12-26 From fca8579ce560baf64f159d34ae0cb328f67bb209 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 16:38:43 -0600 Subject: [PATCH 11/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 08e82866b..3d426b7f7 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -10,7 +10,7 @@ [summary]: #summary This proposal introduces a new transaction, transfer_gateway_v2, which will -allow a hotspot owner to transfer a percentage of hotspot ownership to another +allow a hotspot owner to transfer a percentage of their hotspot ownership to another address. Percentage of hotspot ownership will be determinant in the payout of HNT rewards (50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. From 8336fdd48d78a4220f8c21f6fa79dce0241e0f3b Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 18:02:14 -0600 Subject: [PATCH 12/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 10 +++++----- 1 file changed, 5 insertions(+), 5 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 3d426b7f7..7c10b7b32 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -55,18 +55,18 @@ update the gateway's ownership percentages in the ledger. ### Steps 1. Current owner creates a partially signed transaction with a proposed ownership -percentage as well as an optional HNT amount that is required to complete the transaction. +percentage as well as an optional HNT amount that is required to complete the transaction -2. Current owner sends the partially signed transaction to the receiving owner. +2. Current owner sends the partially signed transaction to the receiving owner -3. Recipient signs the transaction and pays the DC fee to submit the transaction to the blockchain. +3. Recipient signs the transaction and pays the DC fee to submit the transaction to the blockchain 4. If the receiving account contains sufficient HNT balance as requested by the current owner and contains enough HNT to burn into DCs for the transaction, the transaction -is accepted and the gateway's owner is updated in the ledger. +is accepted and the gateway's owner is updated in the ledger 5. The hotspot appears in both the sender's hotspot list and as well as the recipient's -hotspot list. The respective hotspot ownership percentages are reflected accordingly. +hotspot list. The respective hotspot ownership percentages are reflected accordingly ## Implement the transaction in the helium-wallet client From 01f992338f0ddf10bda67dc00bfa11bdc9a6e09e Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sat, 26 Dec 2020 18:03:09 -0600 Subject: [PATCH 13/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 7c10b7b32..0558d5346 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -11,7 +11,7 @@ This proposal introduces a new transaction, transfer_gateway_v2, which will allow a hotspot owner to transfer a percentage of their hotspot ownership to another -address. Percentage of hotspot ownership will be determinant in the payout of +owner. Percentage of hotspot ownership will be determinant in the payout of HNT rewards (50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. From 865dc4c63e6384a15b4c4335d31deb77929d9330 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sun, 27 Dec 2020 08:39:08 -0600 Subject: [PATCH 14/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 0558d5346..8d38eedb2 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -21,10 +21,10 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o There are various repetitive tasks associated with the host-owner relationship that make the relationship more time and energy consuming than necessary. For example, owners have to calculate payouts for each of their hosts and pay out each host -manually. Likewise, hosts have to cross-reference hotspot earnings tracker platforms -with their payments in order to ensure they are getting fair payouts. Hosts must also +manually. Likewise, hosts have to cross-reference their payments with hotspot earnings +tracker platforms in order to ensure they are getting fair payouts. Hosts must also reference earnings tracker platforms in order to ensure their hotspots are online and -functioning properly. +functioning properly on a regular basis. This new transaction would automate these tasks by allowing HNT earnings to automatically be routed to their intended addresses, as opposed to being manually rerouted at set intervals From 166f627697afaf1251bdf239e093707ffde44716 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sun, 27 Dec 2020 08:40:09 -0600 Subject: [PATCH 15/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 4 +--- 1 file changed, 1 insertion(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 8d38eedb2..efe117ca5 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -22,9 +22,7 @@ There are various repetitive tasks associated with the host-owner relationship that make the relationship more time and energy consuming than necessary. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to cross-reference their payments with hotspot earnings -tracker platforms in order to ensure they are getting fair payouts. Hosts must also -reference earnings tracker platforms in order to ensure their hotspots are online and -functioning properly on a regular basis. +tracker platforms in order to ensure they are getting fair payouts. This new transaction would automate these tasks by allowing HNT earnings to automatically be routed to their intended addresses, as opposed to being manually rerouted at set intervals From 5f6bbbb047ef959d6c80d37f1fcaf9bc50ef1924 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sun, 27 Dec 2020 08:41:09 -0600 Subject: [PATCH 16/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 5 +---- 1 file changed, 1 insertion(+), 4 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index efe117ca5..327536107 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,10 +25,7 @@ manually. Likewise, hosts have to cross-reference their payments with hotspot ea tracker platforms in order to ensure they are getting fair payouts. This new transaction would automate these tasks by allowing HNT earnings to automatically -be routed to their intended addresses, as opposed to being manually rerouted at set intervals -by hotspot owners. - -This automation would benefit the Helium network as it would facilitate less cumbersome +be routed to their intended addresses. This automation would benefit the Helium network as it would facilitate less cumbersome host-owner relationships. From c11513fcc91273893ca11875e86b4193378a5c44 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sun, 27 Dec 2020 08:43:06 -0600 Subject: [PATCH 17/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 327536107..ed1870763 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,7 +25,7 @@ manually. Likewise, hosts have to cross-reference their payments with hotspot ea tracker platforms in order to ensure they are getting fair payouts. This new transaction would automate these tasks by allowing HNT earnings to automatically -be routed to their intended addresses. This automation would benefit the Helium network as it would facilitate less cumbersome +be routed proportionately to multiple addresses. This automation would benefit the Helium network as it would facilitate less cumbersome host-owner relationships. From 81454827e895ec5651469f9ff70cc0dae73cca37 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sun, 27 Dec 2020 08:44:19 -0600 Subject: [PATCH 18/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index ed1870763..3dda80702 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -91,7 +91,7 @@ investment and use in the network over time now, if a host only has time to perform 'x' payments, the host can only deploy 'x' hotspots 4. Remove the need for hosts to trust owners and hotspot earnings tracker platforms -5. Allow users to see their HNT earnings in real-time +5. Allow hosts to see their HNT earnings in real-time 6. Remove the need for hotspot earnings tracker platforms An alternative design would be to allow owners to allocate a percentage of HNT earnings from a From 80dad59903d15281fb1f326e8c48369b645b2f8e Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sun, 27 Dec 2020 08:49:06 -0600 Subject: [PATCH 19/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 6 ++++-- 1 file changed, 4 insertions(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 3dda80702..2243f1ba5 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -65,11 +65,13 @@ hotspot list. The respective hotspot ownership percentages are reflected accordi ## Implement the transaction in the helium-wallet client -The [Helium Wallet CLI](https://github.com/helium/helium-wallet-rs) currently supports exporting a partially completed transaction as either a QR code or a Base64-encoded text blob. Either of these formats would be useful for competing the transaction. +The Helium Wallet CLI currently supports similar transactions that could be built upon for this implementation. ## Implement the transfer UI in the Helium app -Not considered. The Helium blockchain team will implement the transaction and implementation via the command line client. Future work on integrating this transfer into the Helium mobile app will be prioritized but is out of scope of this HIP. +The Helium Blockchain Engineering team will decide if adding this functionality to the Helium app is necessary. + + # Drawbacks From f12560a377c66650f680a89852a0643c7d3ab2f1 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Sun, 27 Dec 2020 19:49:19 -0600 Subject: [PATCH 20/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 2243f1ba5..2b81451e0 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -1,6 +1,6 @@ # HIP 24: Transfer Percentage of Hotspot -- Author(s): @ericmheilman +- Author(s): @ericmheilman and @abhay - Start Date: 2020-12-26 - Category: Technical - Original HIP PR: From b453bc7d2f81c3f3fa6ec309e032c90c53f88cc3 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Mon, 28 Dec 2020 17:16:32 -0600 Subject: [PATCH 21/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 1 - 1 file changed, 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 2b81451e0..b7c98b0d3 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -82,7 +82,6 @@ The only drawback consideration that has been raised so far is chain bloat. # Rationale and Alternatives [alternatives]: #rationale-and-alternatives -Rationale The rationale for this change is six-fold. From ac5ba11bae812fc3a1b94f172a913e230cd36a99 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Mon, 28 Dec 2020 21:34:53 -0600 Subject: [PATCH 22/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index b7c98b0d3..ea58ffe33 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -1,6 +1,6 @@ # HIP 24: Transfer Percentage of Hotspot -- Author(s): @ericmheilman and @abhay +- Author(s): @ericmheilman - Start Date: 2020-12-26 - Category: Technical - Original HIP PR: From 2a89ab4df485c8b3aa380a5ce3b33655797bf374 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 10:21:15 -0600 Subject: [PATCH 23/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 6 +++--- 1 file changed, 3 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index ea58ffe33..08c8bf8f2 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -10,9 +10,9 @@ [summary]: #summary This proposal introduces a new transaction, transfer_gateway_v2, which will -allow a hotspot owner to transfer a percentage of their hotspot ownership to another -owner. Percentage of hotspot ownership will be determinant in the payout of -HNT rewards (50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). +allow a hotspot owner to irrevocably transfer a percentage of their hotspot +ownership to another owner. Percentage of hotspot ownership will be determinant in the payout of +HNT rewards in perpetuity (50.00% ownership -> 50% of HNT, 10.00% ownership -> 10% of HNT, etc.). Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. # Motivation From e04d57ec959e9427486d2925c657bb9773806a16 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 10:21:38 -0600 Subject: [PATCH 24/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 08c8bf8f2..67e9a9124 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -12,7 +12,7 @@ This proposal introduces a new transaction, transfer_gateway_v2, which will allow a hotspot owner to irrevocably transfer a percentage of their hotspot ownership to another owner. Percentage of hotspot ownership will be determinant in the payout of -HNT rewards in perpetuity (50.00% ownership -> 50% of HNT, 10.00% ownership -> 10% of HNT, etc.). +HNT rewards in perpetuity (50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. # Motivation From 72693c25400bf801e6eecd5a2ff3dda8d2edf7dc Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 10:38:16 -0600 Subject: [PATCH 25/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 8 +++++++- 1 file changed, 7 insertions(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 67e9a9124..bbeb36668 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -18,7 +18,13 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o # Motivation [motivation]: #motivation -There are various repetitive tasks associated with the host-owner relationship +The goal of The People's Network is to create a communally owned +telecommunications network. Enabling the ability to split the ownership of a +hotspot facilitates that goal by allowing co-ownership to be contracted +at the blockchain level. + +This ability will also catalyze the growth of the Helium Network by automating +various repetitive tasks associated with the host-owner relationship that make the relationship more time and energy consuming than necessary. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to cross-reference their payments with hotspot earnings From 0061afeb8c7475ba768c4bb5b27b3ccbd93f0a52 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 10:49:38 -0600 Subject: [PATCH 26/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 7 ++++--- 1 file changed, 4 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index bbeb36668..91d48c807 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -21,7 +21,8 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o The goal of The People's Network is to create a communally owned telecommunications network. Enabling the ability to split the ownership of a hotspot facilitates that goal by allowing co-ownership to be contracted -at the blockchain level. +at the blockchain level. This will catalyze the growth of the Helium Network by +allowing network participants to enter into trust mimimized co-ownership agreements. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks associated with the host-owner relationship @@ -31,8 +32,8 @@ manually. Likewise, hosts have to cross-reference their payments with hotspot ea tracker platforms in order to ensure they are getting fair payouts. This new transaction would automate these tasks by allowing HNT earnings to automatically -be routed proportionately to multiple addresses. This automation would benefit the Helium network as it would facilitate less cumbersome -host-owner relationships. +be routed proportionately to multiple addresses. This automation would benefit the Helium +network as it would facilitate less cumbersome host-owner relationships. # Stakeholders From 445bb07317d8ff34ec06df269989c38ecdd78388 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 10:50:52 -0600 Subject: [PATCH 27/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 91d48c807..8711f4b3a 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -31,7 +31,7 @@ owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to cross-reference their payments with hotspot earnings tracker platforms in order to ensure they are getting fair payouts. -This new transaction would automate these tasks by allowing HNT earnings to automatically +Co-ownership would automate these tasks by allowing HNT earnings to automatically be routed proportionately to multiple addresses. This automation would benefit the Helium network as it would facilitate less cumbersome host-owner relationships. From 3647da1d240d0d01df67cb0f839638180cd20a73 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 10:52:29 -0600 Subject: [PATCH 28/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 7 +++---- 1 file changed, 3 insertions(+), 4 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 8711f4b3a..121857d0e 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -29,10 +29,9 @@ various repetitive tasks associated with the host-owner relationship that make the relationship more time and energy consuming than necessary. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to cross-reference their payments with hotspot earnings -tracker platforms in order to ensure they are getting fair payouts. - -Co-ownership would automate these tasks by allowing HNT earnings to automatically -be routed proportionately to multiple addresses. This automation would benefit the Helium +tracker platforms in order to ensure they are getting fair payouts. Co-ownership would +automate these tasks by allowing HNT earnings to automatically be routed proportionately +to multiple addresses. This automation would benefit the Helium network as it would facilitate less cumbersome host-owner relationships. From e4bae8bc7d133450c6c32f17dbeee98ba419864d Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 10:59:52 -0600 Subject: [PATCH 29/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 21 ++++++++++----------- 1 file changed, 10 insertions(+), 11 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 121857d0e..77478c8e9 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,14 +25,12 @@ at the blockchain level. This will catalyze the growth of the Helium Network by allowing network participants to enter into trust mimimized co-ownership agreements. This ability will also catalyze the growth of the Helium Network by automating -various repetitive tasks associated with the host-owner relationship -that make the relationship more time and energy consuming than necessary. For example, -owners have to calculate payouts for each of their hosts and pay out each host -manually. Likewise, hosts have to cross-reference their payments with hotspot earnings -tracker platforms in order to ensure they are getting fair payouts. Co-ownership would -automate these tasks by allowing HNT earnings to automatically be routed proportionately -to multiple addresses. This automation would benefit the Helium -network as it would facilitate less cumbersome host-owner relationships. +various repetitive tasks associated with co-ownership that make the relationship +more time and energy consuming than necessary. For example, owners have to calculate +payouts for each of their hosts and pay out each host manually. Likewise, hosts +have to cross-reference their payments with hotspot earnings tracker platforms +in order to ensure they are getting fair payouts. This automation would benefit +the Helium network as it would facilitate less cumbersome co-ownership agreements. # Stakeholders @@ -89,7 +87,7 @@ The only drawback consideration that has been raised so far is chain bloat. [alternatives]: #rationale-and-alternatives -The rationale for this change is six-fold. +The rationale for this change 1. Save time for participants of host-owner relationships 2. Give users a sense of legitimate ownership which will encourage further @@ -97,9 +95,10 @@ investment and use in the network over time 3. Remove the hard-cap of how many hotspots an owner can deploy to hosts. Right now, if a host only has time to perform 'x' payments, the host can only deploy 'x' hotspots -4. Remove the need for hosts to trust owners and hotspot earnings tracker platforms 5. Allow hosts to see their HNT earnings in real-time -6. Remove the need for hotspot earnings tracker platforms +6. Remove the need for owners and hosts to constantly reference hotspot earnings tracker platforms +7. Simplify tax reporting +8. Remove DC cost associated with regularly paying out HNT An alternative design would be to allow owners to allocate a percentage of HNT earnings from a hotspot to a different address. We believe this to be the inferior option as it does not From 12e931773f4fdd7525001c09c41ba1736279efb4 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:03:57 -0600 Subject: [PATCH 30/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 10 ++++++---- 1 file changed, 6 insertions(+), 4 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 77478c8e9..556e36b96 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -19,10 +19,12 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o [motivation]: #motivation The goal of The People's Network is to create a communally owned -telecommunications network. Enabling the ability to split the ownership of a -hotspot facilitates that goal by allowing co-ownership to be contracted -at the blockchain level. This will catalyze the growth of the Helium Network by -allowing network participants to enter into trust mimimized co-ownership agreements. +telecommunications network. This transaction facilitates that goal +by allowing co-ownership of a hotspot to be contracted at the blockchain level. + +This will catalyze the growth of the Helium Network by allowing network +participants to enter into trust mimimized co-ownership agreements. These agreements +would benefit the network because - This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks associated with co-ownership that make the relationship From d36f7989755e14d557461f003fb5fafa5b03d928 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:06:19 -0600 Subject: [PATCH 31/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 15 +++++++-------- 1 file changed, 7 insertions(+), 8 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 556e36b96..e53340e74 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -89,18 +89,17 @@ The only drawback consideration that has been raised so far is chain bloat. [alternatives]: #rationale-and-alternatives -The rationale for this change +The rationale for this change is seven-fold. -1. Save time for participants of host-owner relationships -2. Give users a sense of legitimate ownership which will encourage further -investment and use in the network over time +1. Enable the trust-minimized co-ownership of hotspots +2. Save time for participants of host-owner or owner-owner relationships 3. Remove the hard-cap of how many hotspots an owner can deploy to hosts. Right now, if a host only has time to perform 'x' payments, the host can only deploy 'x' hotspots -5. Allow hosts to see their HNT earnings in real-time -6. Remove the need for owners and hosts to constantly reference hotspot earnings tracker platforms -7. Simplify tax reporting -8. Remove DC cost associated with regularly paying out HNT +4. Allow hosts to see their HNT earnings in real-time in the Helium app +5. Reduce the need for hotspot earnings tracker platforms +6. Simplify tax reporting +7. Remove DC cost associated with regularly paying out HNT An alternative design would be to allow owners to allocate a percentage of HNT earnings from a hotspot to a different address. We believe this to be the inferior option as it does not From 1edda49995dbb6366629a60f7e49cfbe842051b4 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:08:45 -0600 Subject: [PATCH 32/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index e53340e74..42d128f02 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -91,8 +91,8 @@ The only drawback consideration that has been raised so far is chain bloat. The rationale for this change is seven-fold. -1. Enable the trust-minimized co-ownership of hotspots -2. Save time for participants of host-owner or owner-owner relationships +1. Enable trust-minimized co-ownership of hotspots +2. Save time for participants of host-owner relationships 3. Remove the hard-cap of how many hotspots an owner can deploy to hosts. Right now, if a host only has time to perform 'x' payments, the host can only deploy 'x' hotspots From cfb1adcee11c55b5608906926e10aea032089d22 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:11:29 -0600 Subject: [PATCH 33/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 13 +++++-------- 1 file changed, 5 insertions(+), 8 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 42d128f02..6bd67dbce 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -89,17 +89,14 @@ The only drawback consideration that has been raised so far is chain bloat. [alternatives]: #rationale-and-alternatives -The rationale for this change is seven-fold. +The rationale for this change is six-fold. 1. Enable trust-minimized co-ownership of hotspots 2. Save time for participants of host-owner relationships -3. Remove the hard-cap of how many hotspots an owner can deploy to hosts. Right -now, if a host only has time to perform 'x' payments, the host can only deploy -'x' hotspots -4. Allow hosts to see their HNT earnings in real-time in the Helium app -5. Reduce the need for hotspot earnings tracker platforms -6. Simplify tax reporting -7. Remove DC cost associated with regularly paying out HNT +3. Allow hosts to see their hotspot and HNT earnings breakdowns within the Helium app +4. Reduce the dependance hotspot earnings tracker platforms +5. Simplify tax reporting +6. Remove DC cost associated with regularly paying out HNT An alternative design would be to allow owners to allocate a percentage of HNT earnings from a hotspot to a different address. We believe this to be the inferior option as it does not From 28c4864ea86acb04ac50ca080dec880b32864e4e Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:12:51 -0600 Subject: [PATCH 34/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 5 ++--- 1 file changed, 2 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 6bd67dbce..344eba271 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -89,14 +89,13 @@ The only drawback consideration that has been raised so far is chain bloat. [alternatives]: #rationale-and-alternatives -The rationale for this change is six-fold. +The rationale for this change is as follows. 1. Enable trust-minimized co-ownership of hotspots 2. Save time for participants of host-owner relationships 3. Allow hosts to see their hotspot and HNT earnings breakdowns within the Helium app -4. Reduce the dependance hotspot earnings tracker platforms +4. Remove DC cost associated with regularly paying out HNT 5. Simplify tax reporting -6. Remove DC cost associated with regularly paying out HNT An alternative design would be to allow owners to allocate a percentage of HNT earnings from a hotspot to a different address. We believe this to be the inferior option as it does not From 4d027511925f042df7516746a7cfa0d9e2dd0f52 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:13:49 -0600 Subject: [PATCH 35/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 344eba271..7dc4390d9 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -92,7 +92,7 @@ The only drawback consideration that has been raised so far is chain bloat. The rationale for this change is as follows. 1. Enable trust-minimized co-ownership of hotspots -2. Save time for participants of host-owner relationships +2. Reduce the time and energy necessary to maintain host-owner relationships 3. Allow hosts to see their hotspot and HNT earnings breakdowns within the Helium app 4. Remove DC cost associated with regularly paying out HNT 5. Simplify tax reporting From 28d78cf303218bf3258878ec66d862949b66dd61 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:19:38 -0600 Subject: [PATCH 36/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 10 +++++----- 1 file changed, 5 insertions(+), 5 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 7dc4390d9..42e72c83c 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -22,9 +22,9 @@ The goal of The People's Network is to create a communally owned telecommunications network. This transaction facilitates that goal by allowing co-ownership of a hotspot to be contracted at the blockchain level. -This will catalyze the growth of the Helium Network by allowing network +This ability will catalyze the growth of the Helium Network by allowing network participants to enter into trust mimimized co-ownership agreements. These agreements -would benefit the network because - +are superior to current agreements This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks associated with co-ownership that make the relationship @@ -92,9 +92,9 @@ The only drawback consideration that has been raised so far is chain bloat. The rationale for this change is as follows. 1. Enable trust-minimized co-ownership of hotspots -2. Reduce the time and energy necessary to maintain host-owner relationships -3. Allow hosts to see their hotspot and HNT earnings breakdowns within the Helium app -4. Remove DC cost associated with regularly paying out HNT +2. Reduce the time, energy, and level of trust necessary to maintain host-owner relationships +3. Allow hosts to see their hotspot and HNT earnings breakdowns in real-time within the Helium app +4. Remove DC cost associated with owners regularly paying out HNT to hosts 5. Simplify tax reporting An alternative design would be to allow owners to allocate a percentage of HNT earnings from a From 69cce049324dc3e89a546c57d3abf1f7be01fc53 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:23:56 -0600 Subject: [PATCH 37/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 12 ++++++------ 1 file changed, 6 insertions(+), 6 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 42e72c83c..69ef4fc5b 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -21,10 +21,10 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o The goal of The People's Network is to create a communally owned telecommunications network. This transaction facilitates that goal by allowing co-ownership of a hotspot to be contracted at the blockchain level. - This ability will catalyze the growth of the Helium Network by allowing network -participants to enter into trust mimimized co-ownership agreements. These agreements -are superior to current agreements +participants to enter into trust mimimized co-ownership agreements which will reduce +the friction + This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks associated with co-ownership that make the relationship @@ -98,8 +98,8 @@ The rationale for this change is as follows. 5. Simplify tax reporting An alternative design would be to allow owners to allocate a percentage of HNT earnings from a -hotspot to a different address. We believe this to be the inferior option as it does not -provide hosts with a sense of legitimate ownership of their hotspot. +hotspot to a different address. We believe this to be an inferior / unrelated option as the owner could revoke +the allocation at any time. # Deployment Impact @@ -108,7 +108,7 @@ provide hosts with a sense of legitimate ownership of their hotspot. We believe that many helium hotspots will have a percentage of their ownership transferred after this functionality is deployed. We also believe that this deployed functionality will have a notable impact on the positive-feedback loop that is driving -helium network deployment, as it will reduce the friction associated with establishing +helium network deployment as it will reduce the friction associated with establishing relationships between hotspot owners and hotspot hosts. From d655c63c26282b46294d8fd87680aa4ea100438a Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:26:18 -0600 Subject: [PATCH 38/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 5 ++--- 1 file changed, 2 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 69ef4fc5b..78779d1fc 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -22,9 +22,8 @@ The goal of The People's Network is to create a communally owned telecommunications network. This transaction facilitates that goal by allowing co-ownership of a hotspot to be contracted at the blockchain level. This ability will catalyze the growth of the Helium Network by allowing network -participants to enter into trust mimimized co-ownership agreements which will reduce -the friction - +participants to enter into trust mimimized co-ownership agreements which will +reduce various points of friction associated with network growth. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks associated with co-ownership that make the relationship From a9c79b80aaab2d80da66f8f4206f5a636356bb4c Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:27:18 -0600 Subject: [PATCH 39/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 78779d1fc..03d4d3f47 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -90,7 +90,7 @@ The only drawback consideration that has been raised so far is chain bloat. The rationale for this change is as follows. -1. Enable trust-minimized co-ownership of hotspots +1. Enable trust minimized co-ownership of hotspots 2. Reduce the time, energy, and level of trust necessary to maintain host-owner relationships 3. Allow hosts to see their hotspot and HNT earnings breakdowns in real-time within the Helium app 4. Remove DC cost associated with owners regularly paying out HNT to hosts From 39551989a6aabdb58aaf654233b821fd8aad578d Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:29:40 -0600 Subject: [PATCH 40/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 3 +-- 1 file changed, 1 insertion(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 03d4d3f47..886424ea2 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -22,8 +22,7 @@ The goal of The People's Network is to create a communally owned telecommunications network. This transaction facilitates that goal by allowing co-ownership of a hotspot to be contracted at the blockchain level. This ability will catalyze the growth of the Helium Network by allowing network -participants to enter into trust mimimized co-ownership agreements which will -reduce various points of friction associated with network growth. +participants to enter into trust mimimized co-ownership agreements. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks associated with co-ownership that make the relationship From e1864d4317c86a64aa5a3cd5d2adf599f35776ca Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:30:43 -0600 Subject: [PATCH 41/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 7 +++---- 1 file changed, 3 insertions(+), 4 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 886424ea2..c01d651c4 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,10 +25,9 @@ This ability will catalyze the growth of the Helium Network by allowing network participants to enter into trust mimimized co-ownership agreements. This ability will also catalyze the growth of the Helium Network by automating -various repetitive tasks associated with co-ownership that make the relationship -more time and energy consuming than necessary. For example, owners have to calculate -payouts for each of their hosts and pay out each host manually. Likewise, hosts -have to cross-reference their payments with hotspot earnings tracker platforms +various repetitive tasks necessary to maintain a host-owner relationship. For example, +owners have to calculate payouts for each of their hosts and pay out each host manually. +Likewise, hosts have to cross-reference their payments with hotspot earnings tracker platforms in order to ensure they are getting fair payouts. This automation would benefit the Helium network as it would facilitate less cumbersome co-ownership agreements. From 9e94b9c296a8fd33737f9b735c607ecaa93d079c Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:33:51 -0600 Subject: [PATCH 42/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 7 ++++--- 1 file changed, 4 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index c01d651c4..e7e7db12c 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,11 +25,12 @@ This ability will catalyze the growth of the Helium Network by allowing network participants to enter into trust mimimized co-ownership agreements. This ability will also catalyze the growth of the Helium Network by automating -various repetitive tasks necessary to maintain a host-owner relationship. For example, +various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to cross-reference their payments with hotspot earnings tracker platforms -in order to ensure they are getting fair payouts. This automation would benefit -the Helium network as it would facilitate less cumbersome co-ownership agreements. +in order to ensure they are getting fair payouts. Automating these tasks would have a +positive effect on the speed at which the Helium Network is able to grow as owners would be able +to deploy more hotspots and hosts would be more willing to participate in host-owner relationships. # Stakeholders From 5f181f022ef63ba561de4991032dcb4fba60a6e9 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:57:50 -0600 Subject: [PATCH 43/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 17 ++++++++++++----- 1 file changed, 12 insertions(+), 5 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index e7e7db12c..432663679 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -18,11 +18,12 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o # Motivation [motivation]: #motivation -The goal of The People's Network is to create a communally owned -telecommunications network. This transaction facilitates that goal -by allowing co-ownership of a hotspot to be contracted at the blockchain level. -This ability will catalyze the growth of the Helium Network by allowing network -participants to enter into trust mimimized co-ownership agreements. +The goal of The People's Network is to create a communally owned telecommunications network. +This transaction facilitates that goal by allowing network participants to enter into +trust mimimized co-ownership agreements implemented at the blockchain level. These co-ownership +agreements will take the decentralized nature of the network one step further by allowing the ownership +of the nodes within the network to be broken down into fractional pieces that can be transferred between +network participants as necessary. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, @@ -32,6 +33,12 @@ in order to ensure they are getting fair payouts. Automating these tasks would h positive effect on the speed at which the Helium Network is able to grow as owners would be able to deploy more hotspots and hosts would be more willing to participate in host-owner relationships. +An additional motivation for this added functionality is the fact that this enables +securitization of hotspots. This securitization + +Securitization could also simplif. For example, an owner with 100 hotspots could sell off 10% ownership of their fleet in order to raise cash to deploy more hotspots. + + # Stakeholders [stakeholders]: #stakeholders From b9aa95e00bb06e075d57a11d39a8f29b8d5f72bc Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:58:57 -0600 Subject: [PATCH 44/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 9 +++++---- 1 file changed, 5 insertions(+), 4 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 432663679..643c96b3e 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -94,13 +94,14 @@ The only drawback consideration that has been raised so far is chain bloat. [alternatives]: #rationale-and-alternatives -The rationale for this change is as follows. +The rationale for this change is six-fold. 1. Enable trust minimized co-ownership of hotspots 2. Reduce the time, energy, and level of trust necessary to maintain host-owner relationships -3. Allow hosts to see their hotspot and HNT earnings breakdowns in real-time within the Helium app -4. Remove DC cost associated with owners regularly paying out HNT to hosts -5. Simplify tax reporting +3. Enable the securitization of hotspots +4. Allow hosts to see their hotspot and HNT earnings breakdowns in real-time within the Helium app +5. Remove DC cost associated with owners regularly paying out HNT to hosts +6. Simplify tax reporting An alternative design would be to allow owners to allocate a percentage of HNT earnings from a hotspot to a different address. We believe this to be an inferior / unrelated option as the owner could revoke From 651bf277f75628c8641b6f591cc28e99997cf06c Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 11:59:28 -0600 Subject: [PATCH 45/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 643c96b3e..3753c2195 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -22,7 +22,7 @@ The goal of The People's Network is to create a communally owned telecommunicati This transaction facilitates that goal by allowing network participants to enter into trust mimimized co-ownership agreements implemented at the blockchain level. These co-ownership agreements will take the decentralized nature of the network one step further by allowing the ownership -of the nodes within the network to be broken down into fractional pieces that can be transferred between +of the nodes within the network to be broken down into smaller pieces that can be transferred between network participants as necessary. This ability will also catalyze the growth of the Helium Network by automating From 833db42acf7f5e56ad9d35a46df72a0650477fcc Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 12:00:45 -0600 Subject: [PATCH 46/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 8 +++++--- 1 file changed, 5 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 3753c2195..acad7305b 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,6 +25,8 @@ agreements will take the decentralized nature of the network one step further by of the nodes within the network to be broken down into smaller pieces that can be transferred between network participants as necessary. +This ability will catalyze the growth of the Helium Network by enabling trust minimized co-ownership of hotspots. + This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. @@ -35,10 +37,10 @@ to deploy more hotspots and hosts would be more willing to participate in host-o An additional motivation for this added functionality is the fact that this enables securitization of hotspots. This securitization +... +For example, an owner with 100 hotspots could sell off 10% ownership of their fleet in order to raise cash to deploy more hotspots. -Securitization could also simplif. For example, an owner with 100 hotspots could sell off 10% ownership of their fleet in order to raise cash to deploy more hotspots. - - +(TBD) # Stakeholders [stakeholders]: #stakeholders From 3ee83246e6537c9dbe57c8ff679183a608eae772 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 12:12:23 -0600 Subject: [PATCH 47/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 7 +++++-- 1 file changed, 5 insertions(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index acad7305b..5c9a3abe0 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,7 +25,10 @@ agreements will take the decentralized nature of the network one step further by of the nodes within the network to be broken down into smaller pieces that can be transferred between network participants as necessary. -This ability will catalyze the growth of the Helium Network by enabling trust minimized co-ownership of hotspots. +Much of Helium's network growth is fueled by informal agreements in which hosting is exchanged for +a percentage of a hotspot's revenue stream. +This ability will catalyze the growth of the Helium Network by actualizing the host-owner relationship +at the blockchain level. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, @@ -99,7 +102,7 @@ The only drawback consideration that has been raised so far is chain bloat. The rationale for this change is six-fold. 1. Enable trust minimized co-ownership of hotspots -2. Reduce the time, energy, and level of trust necessary to maintain host-owner relationships +2. Reduce the time and energy necessary to maintain host-owner relationships 3. Enable the securitization of hotspots 4. Allow hosts to see their hotspot and HNT earnings breakdowns in real-time within the Helium app 5. Remove DC cost associated with owners regularly paying out HNT to hosts From f0a35b6dd030e50fa7e4cf15c2835d17585c19bd Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:20:26 -0600 Subject: [PATCH 48/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 5c9a3abe0..c3bcc81bc 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -21,8 +21,8 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o The goal of The People's Network is to create a communally owned telecommunications network. This transaction facilitates that goal by allowing network participants to enter into trust mimimized co-ownership agreements implemented at the blockchain level. These co-ownership -agreements will take the decentralized nature of the network one step further by allowing the ownership -of the nodes within the network to be broken down into smaller pieces that can be transferred between +agreements will take the current decentralized nature of the network one step further by allowing the ownership +of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. Much of Helium's network growth is fueled by informal agreements in which hosting is exchanged for From 4a5811429504a423c4824fe523e1e6dd8e2d7494 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:31:00 -0600 Subject: [PATCH 49/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 12 ++++++------ 1 file changed, 6 insertions(+), 6 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index c3bcc81bc..414e9b939 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -21,8 +21,8 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o The goal of The People's Network is to create a communally owned telecommunications network. This transaction facilitates that goal by allowing network participants to enter into trust mimimized co-ownership agreements implemented at the blockchain level. These co-ownership -agreements will take the current decentralized nature of the network one step further by allowing the ownership -of the network nodes to be broken down into smaller pieces that can be transferred between +agreements will take the current decentralized nature of the network one step further by allowing +the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. Much of Helium's network growth is fueled by informal agreements in which hosting is exchanged for @@ -39,11 +39,11 @@ positive effect on the speed at which the Helium Network is able to grow as owne to deploy more hotspots and hosts would be more willing to participate in host-owner relationships. An additional motivation for this added functionality is the fact that this enables -securitization of hotspots. This securitization -... -For example, an owner with 100 hotspots could sell off 10% ownership of their fleet in order to raise cash to deploy more hotspots. +securitization of hotspots. For example, an owner of a hotspot could sell off a percantage of his +hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner +with 100 hotspots could auction off a bundled percentage ownership of their fleet on an exchange +capable of supporting this new security. -(TBD) # Stakeholders [stakeholders]: #stakeholders From 6b8ceeb0cc39557edf705bbe79501881820983cd Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:36:24 -0600 Subject: [PATCH 50/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 5 ++++- 1 file changed, 4 insertions(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 414e9b939..4218cd752 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -42,7 +42,10 @@ An additional motivation for this added functionality is the fact that this enab securitization of hotspots. For example, an owner of a hotspot could sell off a percantage of his hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on an exchange -capable of supporting this new security. +capable of supporting this new security in order to buy and deploy more hotspots. The possibility +of a robust market place for profit share will will benefit the Helium Network as it will be more +attractive to investors - a trust minimized royalty stream is much better than equity from a risk +management perspective - especially for international capital markets. # Stakeholders From fbebee6dafa87ba8fd0369b019f0176d05ced9b8 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:39:42 -0600 Subject: [PATCH 51/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 7 +++---- 1 file changed, 3 insertions(+), 4 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 4218cd752..ab0d954c9 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -41,10 +41,9 @@ to deploy more hotspots and hosts would be more willing to participate in host-o An additional motivation for this added functionality is the fact that this enables securitization of hotspots. For example, an owner of a hotspot could sell off a percantage of his hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner -with 100 hotspots could auction off a bundled percentage ownership of their fleet on an exchange -capable of supporting this new security in order to buy and deploy more hotspots. The possibility -of a robust market place for profit share will will benefit the Helium Network as it will be more -attractive to investors - a trust minimized royalty stream is much better than equity from a risk +with 100 hotspots could auction off a bundled percentage ownership of their fleet on market place +for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as +it will be more attractive to investors. A trust minimized royalty stream is much better than equity from a risk management perspective - especially for international capital markets. From 05964949aab2caeeae85b536d5d1776e4e54703d Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:40:30 -0600 Subject: [PATCH 52/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index ab0d954c9..17a6c8c6f 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -41,7 +41,7 @@ to deploy more hotspots and hosts would be more willing to participate in host-o An additional motivation for this added functionality is the fact that this enables securitization of hotspots. For example, an owner of a hotspot could sell off a percantage of his hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner -with 100 hotspots could auction off a bundled percentage ownership of their fleet on market place +with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as it will be more attractive to investors. A trust minimized royalty stream is much better than equity from a risk management perspective - especially for international capital markets. From 75f34c717e137268b5e1a77949e0f1ef21fb2b6f Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:45:16 -0600 Subject: [PATCH 53/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 8 +++----- 1 file changed, 3 insertions(+), 5 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 17a6c8c6f..318481056 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,10 +25,8 @@ agreements will take the current decentralized nature of the network one step fu the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -Much of Helium's network growth is fueled by informal agreements in which hosting is exchanged for -a percentage of a hotspot's revenue stream. -This ability will catalyze the growth of the Helium Network by actualizing the host-owner relationship -at the blockchain level. +This further decentralization will catalyze the growth of the Helium Network in various ways. Primarily, +growth will be catalyzed by actualizing the host-owner relationship at the blockchain level. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, @@ -63,7 +61,7 @@ Feedback will be gathered by sharing this HIP in various Discord channels. ## Implement a new transaction, `transfer_gateway_v2` This new transaction would require two parties to sign the transaction in order to -update the gateway's ownership percentages in the ledger. +update the gateway's ownership percentages in the ledger. ### Steps From 25da2a125981a32372a7ca9b519ba7de57bf9421 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:46:43 -0600 Subject: [PATCH 54/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 318481056..6e87a9f3e 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -37,7 +37,7 @@ positive effect on the speed at which the Helium Network is able to grow as owne to deploy more hotspots and hosts would be more willing to participate in host-owner relationships. An additional motivation for this added functionality is the fact that this enables -securitization of hotspots. For example, an owner of a hotspot could sell off a percantage of his +securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of his hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as From c9f2a993500910d384dd35aaa2773314a4f1c1cd Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:47:47 -0600 Subject: [PATCH 55/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 6e87a9f3e..a7ae9d03c 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -26,7 +26,7 @@ the ownership of the network nodes to be broken down into smaller pieces that ca network participants as necessary. This further decentralization will catalyze the growth of the Helium Network in various ways. Primarily, -growth will be catalyzed by actualizing the host-owner relationship at the blockchain level. +growth will be catalyzed by actualizing the host-owner relationship. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, From d79a5cb7b7657d809bac9d671db30778e4bb4796 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:49:02 -0600 Subject: [PATCH 56/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index a7ae9d03c..94c2b24be 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -41,8 +41,8 @@ securitization of hotspots. For instance, an owner of a hotspot could sell off a hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as -it will be more attractive to investors. A trust minimized royalty stream is much better than equity from a risk -management perspective - especially for international capital markets. +investment in the network it will become more attractive. A trust minimized royalty stream is much +better than equity from a risk management perspective - especially for international capital markets. # Stakeholders From dff1dfadc6226574bcb7b988797558373f8b5c58 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:49:36 -0600 Subject: [PATCH 57/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 94c2b24be..fb67746ea 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -41,7 +41,7 @@ securitization of hotspots. For instance, an owner of a hotspot could sell off a hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as -investment in the network it will become more attractive. A trust minimized royalty stream is much +investment in the network will become more attractive. A trust minimized royalty stream is much better than equity from a risk management perspective - especially for international capital markets. From 7ca861ba70fc7fe5ca2749a7bb703a20869c6286 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:52:44 -0600 Subject: [PATCH 58/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index fb67746ea..fa5d3fc3c 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,8 +25,8 @@ agreements will take the current decentralized nature of the network one step fu the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -This further decentralization will catalyze the growth of the Helium Network in various ways. Primarily, -growth will be catalyzed by actualizing the host-owner relationship. +This further decentralization will catalyze the growth of the Helium Network by enabling trust +minimized co-ownership of hotspots. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, From 17e8ed5162099e8a49b3e25b1be95f76a344a1df Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 13:57:40 -0600 Subject: [PATCH 59/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 5 +++-- 1 file changed, 3 insertions(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index fa5d3fc3c..1331dce0b 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,8 +25,9 @@ agreements will take the current decentralized nature of the network one step fu the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -This further decentralization will catalyze the growth of the Helium Network by enabling trust -minimized co-ownership of hotspots. +This further decentralization will catalyze the growth of the Helium Network by creating a way in which +co-ownership relationships can be easily contracted and formally legitimized on a technical level. This will +negate the need for legal contracts to This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, From ded75a8f93af7db8049e90289785584b4577dc28 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 14:23:01 -0600 Subject: [PATCH 60/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 12 +++++++++--- 1 file changed, 9 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 1331dce0b..ec6df3bd7 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,9 +25,15 @@ agreements will take the current decentralized nature of the network one step fu the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -This further decentralization will catalyze the growth of the Helium Network by creating a way in which -co-ownership relationships can be easily contracted and formally legitimized on a technical level. This will -negate the need for legal contracts to +This further decentralization will catalyze the growth of the Helium Network by streamlining the creation +of formal co-ownership relationships. To illustrate the benefit of such relationships, suppose that a group +of four roommates decide to purchase a communal hotspot for their apartment, entering into an informal co-ownership +relationship. Each roommate provides 25% of the initial hotspot cost in exchange for 25% of the HNT output. However, +as only one owner per hotspot is currently allowed, one of the four roommates must take on the role of sole owner. +This one roommate is now responsible for performing the manual payouts to each of the other three roommates. These payouts are more +time, energy, and resource (DC) intensive than necessary. On top of this, the three roommates must trust +that the owner will perform these payouts in a fair and timely manner for the entire lifecycle of the hotspot +(not just the year that their lease falls under). This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, From afb788034d27767db5f7c7580227a35880fdff7f Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 14:31:52 -0600 Subject: [PATCH 61/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 11 ++--------- 1 file changed, 2 insertions(+), 9 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index ec6df3bd7..fa5d3fc3c 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,15 +25,8 @@ agreements will take the current decentralized nature of the network one step fu the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -This further decentralization will catalyze the growth of the Helium Network by streamlining the creation -of formal co-ownership relationships. To illustrate the benefit of such relationships, suppose that a group -of four roommates decide to purchase a communal hotspot for their apartment, entering into an informal co-ownership -relationship. Each roommate provides 25% of the initial hotspot cost in exchange for 25% of the HNT output. However, -as only one owner per hotspot is currently allowed, one of the four roommates must take on the role of sole owner. -This one roommate is now responsible for performing the manual payouts to each of the other three roommates. These payouts are more -time, energy, and resource (DC) intensive than necessary. On top of this, the three roommates must trust -that the owner will perform these payouts in a fair and timely manner for the entire lifecycle of the hotspot -(not just the year that their lease falls under). +This further decentralization will catalyze the growth of the Helium Network by enabling trust +minimized co-ownership of hotspots. This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, From 2f6dd8b526270225b4e8c84ab5a0561988f3ed0b Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 14:37:08 -0600 Subject: [PATCH 62/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index fa5d3fc3c..915486bb1 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,8 +25,10 @@ agreements will take the current decentralized nature of the network one step fu the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. +This further decentralization will + This further decentralization will catalyze the growth of the Helium Network by enabling trust -minimized co-ownership of hotspots. +minimized co-ownership of hotspots. Currently, This ability will also catalyze the growth of the Helium Network by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, From 8051288342cc4460cb77039b8e0585eb348ed59f Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 14:45:58 -0600 Subject: [PATCH 63/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 20 ++++++++------------ 1 file changed, 8 insertions(+), 12 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 915486bb1..7139c4efd 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -25,18 +25,14 @@ agreements will take the current decentralized nature of the network one step fu the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -This further decentralization will - -This further decentralization will catalyze the growth of the Helium Network by enabling trust -minimized co-ownership of hotspots. Currently, - -This ability will also catalyze the growth of the Helium Network by automating -various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, -owners have to calculate payouts for each of their hosts and pay out each host manually. -Likewise, hosts have to cross-reference their payments with hotspot earnings tracker platforms -in order to ensure they are getting fair payouts. Automating these tasks would have a -positive effect on the speed at which the Helium Network is able to grow as owners would be able -to deploy more hotspots and hosts would be more willing to participate in host-owner relationships. +This next step of decentralization will catalyze the growth of the Helium Network by removing the need +for trust in host-owner relationships as well as by automating various repetitive tasks that are currently +necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each +of their hosts and pay out each host manually. Likewise, hosts have to cross-reference their payments +with hotspot earnings tracker platforms in order to ensure they are getting fair payouts. Automating +these tasks would have a positive effect on the speed at which the Helium Network is able to grow as +owners would be able to deploy more hotspots and hosts would be more willing to participate in +host-owner relationships. An additional motivation for this added functionality is the fact that this enables securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of his From f01ca9f6f1f23acb1922ae68a5c9d3d22b03a7ca Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 14:54:35 -0600 Subject: [PATCH 64/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 11 +++++------ 1 file changed, 5 insertions(+), 6 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 7139c4efd..419664910 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -18,12 +18,11 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o # Motivation [motivation]: #motivation -The goal of The People's Network is to create a communally owned telecommunications network. -This transaction facilitates that goal by allowing network participants to enter into -trust mimimized co-ownership agreements implemented at the blockchain level. These co-ownership -agreements will take the current decentralized nature of the network one step further by allowing -the ownership of the network nodes to be broken down into smaller pieces that can be transferred between -network participants as necessary. +The goal of The People's Network is to create a telecom network that is owned by the same people +that operate it. This transaction facilitates that goal by allowing network participants +to enter into trust mimimized co-ownership agreements. These co-ownership agreements will take the +current decentralized nature of the network one step further by allowing the ownership of the network +nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. This next step of decentralization will catalyze the growth of the Helium Network by removing the need for trust in host-owner relationships as well as by automating various repetitive tasks that are currently From 6a452bb2fd68b17f67ba5c3e960d3b686b782213 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 14:57:13 -0600 Subject: [PATCH 65/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 8 ++++---- 1 file changed, 4 insertions(+), 4 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 419664910..e9fc37f28 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -27,10 +27,10 @@ nodes to be broken down into smaller pieces that can be transferred between netw This next step of decentralization will catalyze the growth of the Helium Network by removing the need for trust in host-owner relationships as well as by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each -of their hosts and pay out each host manually. Likewise, hosts have to cross-reference their payments -with hotspot earnings tracker platforms in order to ensure they are getting fair payouts. Automating -these tasks would have a positive effect on the speed at which the Helium Network is able to grow as -owners would be able to deploy more hotspots and hosts would be more willing to participate in +of their hosts and pay out each host manually. Likewise, hosts have to either trust their owners or +cross-reference their payments with hotspot earnings tracker platforms in order to ensure they are getting +fair payouts. Automating these tasks would have a positive effect on the speed at which the Helium Network +is able to grow as owners would have more time to deploy more hotspots and hosts would be more willing to participate in host-owner relationships. An additional motivation for this added functionality is the fact that this enables From c2e6e2644de58df08eb2f6f26fe4a9d2d3405340 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 15:00:02 -0600 Subject: [PATCH 66/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 5 ++--- 1 file changed, 2 insertions(+), 3 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index e9fc37f28..a2a2af5e3 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -29,9 +29,8 @@ for trust in host-owner relationships as well as by automating various repetitiv necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to either trust their owners or cross-reference their payments with hotspot earnings tracker platforms in order to ensure they are getting -fair payouts. Automating these tasks would have a positive effect on the speed at which the Helium Network -is able to grow as owners would have more time to deploy more hotspots and hosts would be more willing to participate in -host-owner relationships. +fair payouts. Removing the necessity for these inconveniences would have a positive effect on the speed +at which the Helium Network is able to grow as the host-owner relationship would become less cumbersome. An additional motivation for this added functionality is the fact that this enables securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of his From aa9a1895d89b9e7c24a01f0a78341e0fad33b893 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 15:05:10 -0600 Subject: [PATCH 67/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index a2a2af5e3..185c8f58b 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -37,8 +37,8 @@ securitization of hotspots. For instance, an owner of a hotspot could sell off a hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as -investment in the network will become more attractive. A trust minimized royalty stream is much -better than equity from a risk management perspective - especially for international capital markets. +investment in the network will become accessible to investors who would rather invest in a trust-minimized +royalty stream than in equity. # Stakeholders From 8ca8ec00db2e2c62bacfcfaa63a51a9b65b37234 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 15:07:39 -0600 Subject: [PATCH 68/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 3 +-- 1 file changed, 1 insertion(+), 2 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 185c8f58b..e5bb72eb4 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -37,8 +37,7 @@ securitization of hotspots. For instance, an owner of a hotspot could sell off a hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as -investment in the network will become accessible to investors who would rather invest in a trust-minimized -royalty stream than in equity. +it will enable outside investment in network infrastructure. # Stakeholders From ec9ebb2617b49460064c160906184bb8cb2a9462 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 15:10:20 -0600 Subject: [PATCH 69/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index e5bb72eb4..68e34868b 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -37,7 +37,7 @@ securitization of hotspots. For instance, an owner of a hotspot could sell off a hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as -it will enable outside investment in network infrastructure. +it will encourage further investment in network infrastructure. # Stakeholders From 988b93d705a9d8a2a782600470fd326b954ae9a3 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 15:13:23 -0600 Subject: [PATCH 70/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 68e34868b..993716a9a 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -99,7 +99,7 @@ The rationale for this change is six-fold. 1. Enable trust minimized co-ownership of hotspots 2. Reduce the time and energy necessary to maintain host-owner relationships 3. Enable the securitization of hotspots -4. Allow hosts to see their hotspot and HNT earnings breakdowns in real-time within the Helium app +4. Allow hosts to see their hotspot and HNT earnings in real-time within the Helium app 5. Remove DC cost associated with owners regularly paying out HNT to hosts 6. Simplify tax reporting From 6caff2047544e804a02eea041c74e9aa9a701847 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Thu, 31 Dec 2020 15:49:27 -0600 Subject: [PATCH 71/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 993716a9a..ef7a082a1 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -19,7 +19,7 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o [motivation]: #motivation The goal of The People's Network is to create a telecom network that is owned by the same people -that operate it. This transaction facilitates that goal by allowing network participants +that operate it. This new transaction facilitates that goal by allowing network participants to enter into trust mimimized co-ownership agreements. These co-ownership agreements will take the current decentralized nature of the network one step further by allowing the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. From 3f33961979820813995765dbd29b4055d5852338 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 07:36:07 -0600 Subject: [PATCH 72/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index ef7a082a1..bc52e16e2 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -20,7 +20,7 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o The goal of The People's Network is to create a telecom network that is owned by the same people that operate it. This new transaction facilitates that goal by allowing network participants -to enter into trust mimimized co-ownership agreements. These co-ownership agreements will take the +to enter into trust mimimized co-ownership agreements. These agreements will take the current decentralized nature of the network one step further by allowing the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. From 7f458efd4abb671995ff84ec59b48b768cf9b678 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 07:40:58 -0600 Subject: [PATCH 73/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index bc52e16e2..7f723b029 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -24,7 +24,7 @@ to enter into trust mimimized co-ownership agreements. These agreements will tak current decentralized nature of the network one step further by allowing the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -This next step of decentralization will catalyze the growth of the Helium Network by removing the need +This will catalyze the growth of the Helium Network by removing the need for trust in host-owner relationships as well as by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to either trust their owners or From 765da3eb168e220f3aec747c5ba72ad9185350af Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 07:41:57 -0600 Subject: [PATCH 74/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 7f723b029..4224eb1d4 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -24,7 +24,7 @@ to enter into trust mimimized co-ownership agreements. These agreements will tak current decentralized nature of the network one step further by allowing the ownership of the network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -This will catalyze the growth of the Helium Network by removing the need +This will catalyze the growth of the Helium Network by reducing the need for trust in host-owner relationships as well as by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to either trust their owners or From 0fb0a4acdd7dffa1894a23b4a03e4a1080b26704 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 07:43:18 -0600 Subject: [PATCH 75/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 4224eb1d4..026ef5f08 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -21,7 +21,7 @@ Similarly to transfer_gateway_v1, this transaction can have an optional amount o The goal of The People's Network is to create a telecom network that is owned by the same people that operate it. This new transaction facilitates that goal by allowing network participants to enter into trust mimimized co-ownership agreements. These agreements will take the -current decentralized nature of the network one step further by allowing the ownership of the network +current decentralized nature of the network one step further by allowing the ownership of network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. This will catalyze the growth of the Helium Network by reducing the need From 1c1c21bb6ad2534e7bc90912525fc91760f08c46 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 07:45:02 -0600 Subject: [PATCH 76/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 026ef5f08..40ebd287c 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -29,7 +29,7 @@ for trust in host-owner relationships as well as by automating various repetitiv necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to either trust their owners or cross-reference their payments with hotspot earnings tracker platforms in order to ensure they are getting -fair payouts. Removing the necessity for these inconveniences would have a positive effect on the speed +fair payouts. This change would have a positive effect on the speed at which the Helium Network is able to grow as the host-owner relationship would become less cumbersome. An additional motivation for this added functionality is the fact that this enables From 12f9cd3d62455da12786a5073da87fffffc22e48 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 07:46:22 -0600 Subject: [PATCH 77/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 40ebd287c..eb8ca3b7d 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -32,7 +32,7 @@ cross-reference their payments with hotspot earnings tracker platforms in order fair payouts. This change would have a positive effect on the speed at which the Helium Network is able to grow as the host-owner relationship would become less cumbersome. -An additional motivation for this added functionality is the fact that this enables +An additional motivation for this functionality is the fact that this enables securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of his hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place From 797549c065ad7ac1c06628ee3593c14574842dc8 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 07:47:25 -0600 Subject: [PATCH 78/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index eb8ca3b7d..660988e76 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -29,7 +29,7 @@ for trust in host-owner relationships as well as by automating various repetitiv necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each of their hosts and pay out each host manually. Likewise, hosts have to either trust their owners or cross-reference their payments with hotspot earnings tracker platforms in order to ensure they are getting -fair payouts. This change would have a positive effect on the speed +fair payouts. This change will have a positive effect on the speed at which the Helium Network is able to grow as the host-owner relationship would become less cumbersome. An additional motivation for this functionality is the fact that this enables From de2a89993817f5410630c708fccd364901fcb8f1 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 08:14:48 -0600 Subject: [PATCH 79/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 7 +------ 1 file changed, 1 insertion(+), 6 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 660988e76..751446255 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -23,14 +23,9 @@ that operate it. This new transaction facilitates that goal by allowing network to enter into trust mimimized co-ownership agreements. These agreements will take the current decentralized nature of the network one step further by allowing the ownership of network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. - This will catalyze the growth of the Helium Network by reducing the need for trust in host-owner relationships as well as by automating various repetitive tasks that are currently -necessary to maintain a host-owner relationship. For example, owners have to calculate payouts for each -of their hosts and pay out each host manually. Likewise, hosts have to either trust their owners or -cross-reference their payments with hotspot earnings tracker platforms in order to ensure they are getting -fair payouts. This change will have a positive effect on the speed -at which the Helium Network is able to grow as the host-owner relationship would become less cumbersome. +necessary to maintain a host-owner relationship. An additional motivation for this functionality is the fact that this enables securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of his From a28bc80c5caae3cde28b90cad5fdf9fa92ccfc5c Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 08:22:14 -0600 Subject: [PATCH 80/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 751446255..98f51ef88 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -28,7 +28,7 @@ for trust in host-owner relationships as well as by automating various repetitiv necessary to maintain a host-owner relationship. An additional motivation for this functionality is the fact that this enables -securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of his +the securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of his hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as From 54e723277e0c035101cde4e59886e6d8a496479b Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 08:22:48 -0600 Subject: [PATCH 81/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 98f51ef88..659ddc148 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -28,7 +28,7 @@ for trust in host-owner relationships as well as by automating various repetitiv necessary to maintain a host-owner relationship. An additional motivation for this functionality is the fact that this enables -the securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of his +the securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of their hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as From 9805ac6c5649ea56f8f581201b1b12e14f2df75d Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 08:23:59 -0600 Subject: [PATCH 82/89] Update 0024-transfer-percentage-of-hotspot.md From adcbfe6de231d7f59a9d4424e7bd26d7d9fd40b0 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 09:19:08 -0600 Subject: [PATCH 83/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 659ddc148..2fb211215 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -13,7 +13,7 @@ This proposal introduces a new transaction, transfer_gateway_v2, which will allow a hotspot owner to irrevocably transfer a percentage of their hotspot ownership to another owner. Percentage of hotspot ownership will be determinant in the payout of HNT rewards in perpetuity (50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). -Similarly to transfer_gateway_v1, this transaction can have an optional amount of HNT associated. +This transaction can have an optional amount of HNT associated. # Motivation [motivation]: #motivation From 7a58daed721d16cf152ea1c26238ff10c9c3a6e8 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 09:34:06 -0600 Subject: [PATCH 84/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 2fb211215..ab080ee3d 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -28,7 +28,7 @@ for trust in host-owner relationships as well as by automating various repetitiv necessary to maintain a host-owner relationship. An additional motivation for this functionality is the fact that this enables -the securitization of hotspots. For instance, an owner of a hotspot could sell off a percantage of their +the securitization of hotspots. For instance, an owner could sell off a percantage of their hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as From 776f9aa4c30d7b28bfedfd987611eb8b70003d73 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 12:03:29 -0600 Subject: [PATCH 85/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 36 +++++++++++++------------- 1 file changed, 18 insertions(+), 18 deletions(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index ab080ee3d..205a40b0b 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -9,30 +9,30 @@ # Summary [summary]: #summary -This proposal introduces a new transaction, transfer_gateway_v2, which will -allow a hotspot owner to irrevocably transfer a percentage of their hotspot -ownership to another owner. Percentage of hotspot ownership will be determinant in the payout of -HNT rewards in perpetuity (50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). -This transaction can have an optional amount of HNT associated. +This proposal introduces a new transaction, transfer_gateway_v2, which will allow a hotspot +owner to irrevocably transfer a percentage of their hotspot ownership to another owner. +Percentage of hotspot ownership will be determinant in the payout of HNT rewards in perpetuity +(50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). This transaction can have +an optional amount of HNT associated. # Motivation [motivation]: #motivation The goal of The People's Network is to create a telecom network that is owned by the same people that operate it. This new transaction facilitates that goal by allowing network participants -to enter into trust mimimized co-ownership agreements. These agreements will take the -current decentralized nature of the network one step further by allowing the ownership of network -nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. -This will catalyze the growth of the Helium Network by reducing the need -for trust in host-owner relationships as well as by automating various repetitive tasks that are currently +to enter into trust mimimized co-ownership agreements. These agreements will take the current +decentralized nature of the network one step further by allowing the ownership of network nodes +to be broken down into smaller pieces that can be transferred between network participants as +necessary. This will catalyze the growth of the Helium Network by reducing the need for trust +in host-owner relationships as well as by automating various repetitive tasks that are currently necessary to maintain a host-owner relationship. -An additional motivation for this functionality is the fact that this enables -the securitization of hotspots. For instance, an owner could sell off a percantage of their -hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner -with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place -for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as -it will encourage further investment in network infrastructure. +An additional motivation for this functionality is the fact that this enables the securitization +of hotspots. For instance, an owner could sell off a percantage of their hotspot in order to +raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots +could auction off a bundled percentage ownership of their fleet on a market place for profit +share in order to buy and deploy more hotspots. This will benefit the Helium Network as it +will encourage further investment in network infrastructure. # Stakeholders @@ -99,8 +99,8 @@ The rationale for this change is six-fold. 6. Simplify tax reporting An alternative design would be to allow owners to allocate a percentage of HNT earnings from a -hotspot to a different address. We believe this to be an inferior / unrelated option as the owner could revoke -the allocation at any time. +hotspot to a different address. We believe this to be an inferior / unrelated option as the owner +could revoke the allocation at any time. # Deployment Impact From 42b3a93b31bbb83c040938955b3f45eb2827f554 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 12:04:21 -0600 Subject: [PATCH 86/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 205a40b0b..8013aa4e0 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -11,7 +11,7 @@ This proposal introduces a new transaction, transfer_gateway_v2, which will allow a hotspot owner to irrevocably transfer a percentage of their hotspot ownership to another owner. -Percentage of hotspot ownership will be determinant in the payout of HNT rewards in perpetuity +Percentage of hotspot ownership will be determinant in the payout of HNT rewards (50% ownership -> 50% of HNT, 10% ownership -> 10% of HNT, etc.). This transaction can have an optional amount of HNT associated. From 641b95c23fd1097c3aedb7de92af163d8377ce34 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 12:05:12 -0600 Subject: [PATCH 87/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index 8013aa4e0..b66ec55b5 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -28,7 +28,7 @@ in host-owner relationships as well as by automating various repetitive tasks th necessary to maintain a host-owner relationship. An additional motivation for this functionality is the fact that this enables the securitization -of hotspots. For instance, an owner could sell off a percantage of their hotspot in order to +of hotspots. For instance, an owner could sell off a percentage of their hotspot in order to raise cash to purchase an additional hotspot. In a similar fashion, an owner with 100 hotspots could auction off a bundled percentage ownership of their fleet on a market place for profit share in order to buy and deploy more hotspots. This will benefit the Helium Network as it From ca8670fa8eda12fdd3062ef1cddcf891b1148bc2 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 12:05:37 -0600 Subject: [PATCH 88/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index b66ec55b5..d9f2c627a 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -20,7 +20,7 @@ an optional amount of HNT associated. The goal of The People's Network is to create a telecom network that is owned by the same people that operate it. This new transaction facilitates that goal by allowing network participants -to enter into trust mimimized co-ownership agreements. These agreements will take the current +to enter into trust minimized co-ownership agreements. These agreements will take the current decentralized nature of the network one step further by allowing the ownership of network nodes to be broken down into smaller pieces that can be transferred between network participants as necessary. This will catalyze the growth of the Helium Network by reducing the need for trust From 63003d4a93f0811aa2936b7f7c781cac2fb83787 Mon Sep 17 00:00:00 2001 From: Eric Heilman <59512630+ericmheilman@users.noreply.github.com> Date: Fri, 1 Jan 2021 12:37:17 -0600 Subject: [PATCH 89/89] Update 0024-transfer-percentage-of-hotspot.md --- 0024-transfer-percentage-of-hotspot.md | 4 +++- 1 file changed, 3 insertions(+), 1 deletion(-) diff --git a/0024-transfer-percentage-of-hotspot.md b/0024-transfer-percentage-of-hotspot.md index d9f2c627a..07c2bc7e0 100644 --- a/0024-transfer-percentage-of-hotspot.md +++ b/0024-transfer-percentage-of-hotspot.md @@ -51,7 +51,9 @@ Feedback will be gathered by sharing this HIP in various Discord channels. ## Implement a new transaction, `transfer_gateway_v2` This new transaction would require two parties to sign the transaction in order to -update the gateway's ownership percentages in the ledger. +update the gateway's ownership percentages in the ledger. The only way to reverse +a transfer will be for the new owner to transfer the ownership percentage back to the +original address. ### Steps