SimpleX Chat is now a crypto project selling tokens and NFTs

If you believe that just because they say that’s what it’s for that must be the actual reason behind it, then I have a bridge to sell you. You don’t need a crypto token to do this. Tor is a perfect example of a project that has already accomplished a wide array of community relays without one, and it is far more successful than any projects that do use “tokenomics”.

Just allow anyone to run community federated servers discoverable via DHT. Hell you can even provide a token-less POW where enrolling a server requires some complex work to be done first as an anti-spam mechanism.

Have you read the article? If the intentions are only to incentivize server operators why are they going to take a massive 40% cut out of that incentive?

they will be locked in a smart contract, and only released once servers have provided capacity to the users, with the funds shared between server operators and SimpleX network, with operators receiving up to 60%

Because that would accomplish an entirely different goal?

This is an attempt to create an enforceable method for servers to exchange larger scale services for funding.

You can have both though. No one is forced to use this feature, and server operators could already give out donation addresses externally.

With what incentive? And I would be interested in an actual attempt to provide a design for how this could be implemented in SimpleX.

Not sure how this is relevant to boosting the diversity of servers.

Interesting that you left off the next sentence:

SimpleX network funds will be managed by smart contracts, and will be used for governance and development as defined by the contracts.

So, where is the scam? Can you use the information in the article to actually construct a viable scam they could pull off?

I don’t follow how the servers receiving 60% with 40% going towards governance and development means their intentions aren’t to improve SimpleX. Maybe my second reply was too black and white, but incentivizing and funding servers is clearly the primary goal.

How would simple in-app payments not accomplish this goal exactly though? Take payment, provide service has been a model which has existed for the entire history of… money, I guess.

(post deleted by author)

I do not know what happened to my first reply. It was immediately edited after I posted it to remove the quote for some reason.


Because the SimpleX network can enforce the completion of services before the payment is received through smart contracts.

Why should they not require this enforcement as a criteria for their design?

I think if you quote the entire post you’re replying to, the system will remove it because you can just use the reply button, and take up much less space, and people will assume you’re replying to the entire post. The quotes are for replying to specific portions of a post.


I’m not totally convinced about how necessary that is, but I suppose that does make sense :+1: