PNK is marketed as "right to work" token, but has anyone actually calculated much jurors actually get paid? Take for instance the reward for Case 302 which stands at 35 ETH. This reward gets split amongst all 500 jurors, giving a grand total of 0.07 ETH paid to each juror who votes coherently. At today's prices that is $18. Jurors must stake thousands of dollars worth of PNK to make $18. $18 which won't even cover the gas fees of staking your PNK and then sending the rewards back to your wallet. Does that really seem like such a good deal to you?
I see your point, but since most cases are highly unambiguous, there will only be a small number of losers, and they are punished for voting retardedly. I don't see much of a problem here, especially since that ETH will probably be worth much more in the future
Jacob Ward
This is good, jurors should not be paid much, otherwise it becomes uneconomical to make court cases with it. If there isn't enough demand for the product then that's much worse than jurors not being compensated a lot. Kleros is better for simpler things otherwise you can just get a real judge.
Carter Green
>all the staked PNK Please stop spreading false information. Only a small portion of PNK get redistributed. In fact, jurors who don't vote correctly get slashed $36. So they are risking more than the potential reward.
Ian Sanchez
How is that a flaw? The platform has a limited number of users and cases. Adoption is the next phase. Which major crypto has tokenomics that are working as they are supposed to? Chainlink node operators are being entirely subsidized by the CL team.
Imagine we reach a point where each juror is drawn for 1 or 2 cases every day.
Aaron Jenkins
Jury has ruled that OP is once again a lying faggot
I suggest you do some more research user. This is for one case btw. If you’re mad that you can make $18 worth of eth from the click of a few buttons then idk what else to say. Come up with better fud.
John Hernandez
OP is dumb, but I will say, with current eth 1.0 congestion and gas fees, PNK cannot scale to mass adoption. Though I guess you can say that about a lot of eth tokens.
Aaron Walker
>In fact, jurors who don't vote correctly get slashed $36. So they are risking more than the potential reward. Yes, obviously. Are you retarded? Of course they should lose more than they would earn, otherwise they would just randomly guess. Jurors need to be overwhelmingly sure about their decisions. In fact a 2:1 ratio like that (36:18) is overly generous, you can be wrong 1/3rd of the time and break even
Camden Hall
i huff hopium, so i envision one day big law firms will be set up for the sole reason of arbitrating very high stakes cases requiring BAR qualified lawyers to arbitrate
doesn't that mean this could very easily be manipulated by whales if it were adopted? the jurors with the most staked get picked, the whales are are the gmaxwell types, present everything and use other smaller wallets to agree and change public opinion etc.
this seems like a bad investment now, actually.
Joshua Wright
I'm one of the bettors in Historic Kleros Court Case 302 which got me initially interested in PNK
I'm well qualified to participate as a juror in many of the niche scenarios, blockchain/smart contract disputes, marketing services, english language, etc.
But for a lot of these (at current prices) you need to stake thousands of dollars worth of PNK just to qualify, your odds for getting picked in any case are still very low. How often will there be disputes, realistically? It's a high fee and many of these niches aren't better for "decentralized arbitration" vs traditional means. Plus you lose your stake if you vote incorrectly. I'm in the "yes" camp for case 302 so I feel pretty confidently that it will rule in my favor, but I can see many choosing incorrectly. The ROI doesn't support the current token prices. I'll buy in if it dumps.
Juan Evans
The biggest cases (due to appeals) are the ones more likely to have closer to 50-50 split, which maximizes the PNK gains for coherent voters.
Luis Hughes
Two things: It doesn't matter if you split up the wallets because a single address can be picked as a juror twice (or more). There's an appeal process that makes it exponentially harder to stack the court each time, because the number of jurors is doubled plus 1 each time.
Juan Allen
token not needed. you fucking retards could do the same shit just by staking DAI/ETH/USDC whatever
Colton Bennett
this guy gets it
Henry Jenkins
Do some more research user. There’s also a 300 page book about this that you can read.
James Edwards
Holy fucking shit lmao nobody is actually this retarded are they? Jfc user at least look into the fuckin project you Absolute turd hHahahaha
William Wilson
>t. Brainlet If you unironically think staking anything is the same as staking pnk then wtf kek. You’re so fucking dumb I don’t even Know how you manage to breathe.
Jordan Cooper
He still doesn't get the Oracle problem ngmi
Isaac King
How much did you guys stake to get drawn on 302? I've staked around 10k and haven't been drawn.
Jordan King
I staked 121k and I’m a 2x juror with 1000PNK locked and a 0.14 ETH reward
Levi Collins
Lol. Nice FUD jogger
Zachary Rodriguez
didm't read never sellibg
Easton Ward
Ty user, too bad I can't compete with that. Sucks.
