This thread is a continuation of the enabling transfers discussion. We moved this discussion in to the governance category, please see the previous thread here.
I was not part of the decision to launch without transfers, and I think it’s a wise decision. I think one of the reasons that Regen Network is taking a slower path than some other blockchains is to make sure that things run as smoothly as possible, and our ten-second mainnet launch shows that this strategy is working very well. Regen Network needs to run with great stability in order to win trust from society and various institutions that are neither tech savvy nor blockchain specialists – more so than many other blockchains, I think, because the purpose is ecological regeneration, not network services for tech projects. In one of the Planetary Regeneration Podcast episodes, Gregory compares building Regen Ledger and Regen Network to the civil engineering of building a very large bridge – every step is considered carefully and planned ahead and tested because we’re building public infrastructure that needs to “just work” once it’s released to the public.
Also, we know that there are more people running first-time validators here (mostly for ecological motivations) compared to many other networks (where money and purpose are more mainstream, and the people running validators have more validator experience). I’m part of one of a first-time validator (Akit Takat): if we jumped straight from launch into a fully-enabled network, I might be a bit lost. Launching mainnet step by step is much more practical, I think.
Yes, it also means that our validator is earning rewards, but the delegations my validator has received are to do more with my purpose – most delegations so far are from Regen Network official entities RND and RF, I think, more than private investors (maybe I’m wrong about this) – and RND and RF give priority to validators who share the purpose of Regen Network.
In society at large, money just runs after money. Regen Network is designed to channel money towards ecological regeneration. Giving block rewards priority to validators that have demonstrated commitment to ecological regeneration, practical implementation of Regen Network (beyond Regen Ledger, such as app development, Community Staking DAO participation, connections with science processes and land stewards)… this is a way to strengthen the purpose of Regen Network.
That’s my guess about why we launched with transfers disabled: mostly for stability, and maybe also to give more block rewards to purpose-aligned validators.