Proposal: motion for relocating f+ program to L2

[Fatman13]

Simple Summary

Add "explore potentials of moving f+ to L2" to f+ program's OKR.

Abstract

With FEVM just around the corner, f+ program could finally play around the idea of moving the program to L2. By doing so, it should provide more tools for the team to govern the program in a more transparent and decentralized ways and at the same time lower the complexity of L1 leaving it in a much more cleaner state. Some of the key milestone of this expedition could be the following...

• A whitepaper of f+ program on L2 including mechanics on governance, tokennomics, how program functions on L2 and etc
• Prototyping on FEVM and possibly hold incentivized tests on Calibration
• FIP to remove Datacap entirely on L1

Motivation

As pointed out by ZX in Sep last year, the network has succumbed to the macro economic winter. Network growth has fallen dramatically with no significant number of new SP joining and existing SP leaving the network.

By looking at Web2 companies like Meta, it is apparent that data is the key to a successful venture. One of the ways to address the aforementioned issue is to onboard more valuable data which in turn increase the value of the whole network. However, f+ program sitting at the core of on-boarding valuable data (as opposed to verified data) as it is structured right now on L1 falls short in accomplishing so from the following aspects...(many of the issues in Nov, 2021 are still not really addressed)

1

From original FIP0003...(Oct, 2020)

This proposal rebrands the Verified Clients program as Filecoin Plus - to represent the addition of a layer of social trust and all the use cases that will be enabled on the existing Filecoin protocol.

A social layer doesn't scale well and we see how it is played out for 2 years now. The program tries to adapt over the span of 2 years but still fails at the goal of distributing 5PiB valuable data to the network per day. It is clear that the current paradigm does not work in a global scale and need drastic changes like what is proposed here.

2

Current f+ program implicitly incentivize division of the community. Instead of uniting the community to work toward a common goal, program as it is right now creates a strong "us VS. them" atmosphere crippling data on-boarding efforts. A new governance model based on L2 smart contracts with proper incentive/punitive structure is needed to guide the community to work together.

3

Valuable data as opposed to verified data. There is very little inherent value of verified data as it does very little to increase the actual value of the network. What the network need is more valuable data determined by free market. To iterate on such model of value evaluation, having f+ on L1 and needing a FIP to adapt is near to impossible. Moving to L2 so that proper incentive could be given to more valuable data will boost the value of the network in orders of magnitudes.

Community Highlights

sunset of Fil+ in favor of L2 mechanisms

A better solution is to move Fil+ totally to Layer 2 after FVM is ready.

Move f+ off-chain

[large-datacap-requests]

Thanks for your request!
❗ We have found some problems in the information provided.
We could not find your Name in the information provided
We could not find your Filecoin address in the information provided
We could not find the Datacap requested in the information provided
We could not find any Web site or social media info in the information provided
We could not find any Expected weekly DataCap usage rate in the information provided
We could not find any Region in the information provided

Please, take a look at the request and edit the body of the issue providing all the required information.

[large-datacap-requests]

Thanks for your request!
❗ We have found some problems in the information provided.
We could not find your Name in the information provided
We could not find your Filecoin address in the information provided
We could not find the Datacap requested in the information provided
We could not find any Web site or social media info in the information provided
We could not find any Expected weekly DataCap usage rate in the information provided
We could not find any Region in the information provided

Please, take a look at the request and edit the body of the issue providing all the required information.

[large-datacap-requests]

Thanks for your request!
❗ We have found some problems in the information provided.
We could not find your Name in the information provided
We could not find your Filecoin address in the information provided
We could not find the Datacap requested in the information provided
We could not find any Web site or social media info in the information provided
We could not find any Expected weekly DataCap usage rate in the information provided
We could not find any Region in the information provided

Please, take a look at the request and edit the body of the issue providing all the required information.

[large-datacap-requests]

Thanks for your request!
❗ We have found some problems in the information provided.
We could not find your Name in the information provided
We could not find your Filecoin address in the information provided
We could not find the Datacap requested in the information provided
We could not find any Web site or social media info in the information provided
We could not find any Expected weekly DataCap usage rate in the information provided
We could not find any Region in the information provided

Please, take a look at the request and edit the body of the issue providing all the required information.

[stcloudlisa]

I am interested. You mentioned Valuable data. How to defined Valuable data ? Generally speaking, people are willing to pay for the data of Valuable data.

This is also the vision of the Filecoin network: to store precious data, store data that people are willing to pay for, and grow into a cloud storage service provider like Amazon Cloud.

[Fatman13]

Hey @stcouldlisa, appreciate your thoughts! The discussion has been moved to #804. Will close this one to clear confusion.