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Untitled Post

inWish For Change
a year ago

This is a ReferendumV2 post. It can only be edited by the proposer of the post .

Comments (5)

a year ago

Hey Giotto,

I can agree with one of your underlying points, we need to keep watch on inflation. In this case there's focus on issuance but there's also the angle of disposal/burning of tokens and what is the overall net effect on inflation.

To echo some of the other responders and in my own words, there's just too many significant upcoming changes to make this determination right now.

Regards,
Will | Paradox

a year ago

I really like the 2.1 billion fixed supply as it immediately cuts inflation by half (1.4 billion x 10% = 140 million, is cut to 70 million, 10% x 700 million).

In Gavin Wood's recent interview he mentioned the Bitcoin fixed supply model as a possibility, "it provides a nice very shallow curve, going from the rewards that are happening at the moment, into a fixed final amount model", and "I do see a serious upside, which is that you've got fiscal certainty".
https://www.youtube.com/watch?v=vlByL1psSB8

And Gavin mentioned that Jam's final draft is likely to be ready by end of 2024, and perhaps will launch by summer 2025.

I also like the bitcoin vibe (2.1 billion), being that it is the most valuable and secure blockchain.

A correction to the 30 year projections by giottodf, the numbers should read M for millions not K for thousands.

One caveat is that I would like the fellowship to be able to increase the inflation if necessary, for the purpose to incentivize staking, as Polakadot's security is first priority.

Otherwise a big AYE for me

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Confirmation Period

3

of 3

Decision Period

28 / 28 days

Confirmation Period

0 / 1 days

Summary

0%

Aye

AyeNay

0%

Nay

Aye (88)0.0 DOT

Support0.0 DOT

Nay (166)0.0 DOT

Voting Data

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