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Reducing inflation - VOTE NAY

inWish For Change
2 years ago
Rejected

The inflation is currently excessive and this turns off a lot of potential new entrants A good solution could be to have a fixed supply and then use as inflation a certain percentage of whatever is left I suggest using as total maximum supply 2.1 billions because it's a funny number and it's related to Bitcoin Let's assume at the moment we have 1.4 billion tokens, that means that we have 700 million left to use as rewards I think a good number for inflation could be 10% of whatever is left, so on the first year the staking rewards distributed will be 70 millions (10% of what is left) and then on the next year because only 630 millions will be left only 63 million will be distributed, etc. So we never run out of tokens because the amount distributed always get less and less but we have an absolute total cap and this probably make polkadot more appealing for a lot of people Details: https://x.com/giottodf/status/1783009866631811341

Comments (51)

2 years ago

70M isn't 10% inflation, it's ~5% inflation. Year 1: 5% inflation Year 2: 4.2% inflation Year 3: 3.6% inflation It's a pretty steep curve. No one will stake. It would make the network vulnerable to malicious actors. Why not just wait for core time to launch and see what our burn rate looks like? If we offset inflation with burn, we're at 0% inflation.

2 years ago

why not just burn 50% treasury directly? or make inflation to 3-5%? the treasury is being stolen everyday for different reasons.

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Aye

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Aye (87)0.0 DOT

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Nay (166)0.0 DOT

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