Hey damir,
Thanks for explanation.
Hey damir,
Thanks for explanation.
Hey glad you are back with your reply.
Youāre invoking ābasic economic logicā without any reference to actual data or chain-specific modeling. Which part of this logic are you basing your statement on? Behavioral economics? Game theory? Token velocity theory? Because right now it sounds more like a truism than a substantiated point.
I already explained that even if 69% of all staking rewards were dumped daily, the resulting pressure would be negligible compared to token unlocks on the supply side, which no one here seems willing to discuss.
Again, this is just a story, even though an intuitive one, sure, but still a story. You want to convince people to change the fundamental economic model of a chain, so you have to back it up with numbers.
This is exactly why itās too early to make major economic changes. If the data infrastructure isnāt there yet, then we should focus on building it first. Slash rewards later, once you actually understand where value is coming from and where not. Not before.
You are not relevant to my comment as I was addressing teamās voting decision and its poor justification for voting yes on this proposal.
There is no contradiction, it passed too easily because of the 31% of the voting power that Labs/Foundation hold. If they hadnāt voted, this wouldnāt pass. Which is exactly what I mean by
Iām actually glad you brought up Kadena, I was both a miner and a bonder in that ecosystem, so Iām very familiar with what happened. Thereās no need to misrepresent history here. It seems you may be unclear about the nature of the proposal you reference. The tokenomics update in Kadena primarily reduced platform emissions, the equivalent of token unlocks in MAS, while mining emissions remained untouched. In contrast, the current MAS proposal targets staking rewards directly. These are not the same thing, and drawing a parallel between them is misleading at best.
And to address this bomber argument, KDA rallied because of the 2021 altcoin bull run and intense speculative momentum (including CEX listings, Kadenians, amazing tech team and even better marketing team). If youāre trying to claim the price increase from $0.30 to $28 was due to a tokenomics proposal, that is hilarious, but hey some people believe the earth is flat.