My proposal is to keep net rewards at the same schedule but allocate a larger proportion to longer holders. I personally don’t like the idea of reducing total rewards from their published schedule, but I’ll leave that for debate.
Any updates on tokennomics improvements? Most of the community hates icp tokennomics.
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If what you say is true we must overhaul the tokenomics immediately! The DFinity developers need to stop what they’re doing and change course right now!
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Inflation is a huge problem. Inflation shows us, stolen money from our pocket, by printing additional token. that is inflation, Pressing Luna token it is the best example of stealing money. states steal from the purchasing power of money,press additional money. If the icp token economy is not designed in the best way, it will not be preferred no matter how good the technical infrastructure is. includes icp to profit from everyone’s investment
invester sells icp. because icp has inflationary. If the icp inflation goes to zero or it becomes deflationist, it’s becomes buys instead of the icp sales.
Rewards must be reset. In fact, investors who long time investors should support it more than anyone else. Because after 8 years they will have twice the phase of icp, but the price of icp will be less than $1. they will go great harm.
That’s a big misconception on your part. Rewarding voters for actively participating in governance and node operators for their expenses is how ICP exists today - without it, there would be no ICP. Your making statements about scam coins and fiat currency that doesn’t apply to the Internet Computer. I would highly suggest you learn what you are talking about.
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I think that the structure in which seed rounders without participation in the ecosystem have no choice but to dump is a problem.
They certainly have the right to dump and it leads to a death spiral and exit liquidity.
But I am also against forcibly locking their neurons for 8 years.
Any other alternatives?
Living in a country
with 150% inflation for years, I witnessed how inflation stole values. This
applies in general. If ICP will continue with inflation, it is also valid for
ICP. This has nothing to do with dignity. Unfortunately, ICP holders who are
exposed to inflation will learn by experiencing that their value is lost. ICP
can be a very good project, it can also have very useful high technology. This
is not enough for those who invest in ICP to make money. Because inflation
takes away the additional values created by the ICP from the hands of
investors. I am writing for those who do not want to learn this by living and
lose money. Fans can fall in love with ICP. There is an idiom in our language.
LOVE IS BLIND.. What I said does not apply to fanatics.
DHemingway via Internet Computer Developer Forum <notifications@dfn.discoursemail.com>, 22 Eki 2022 Cmt, 15:29 tarihinde şunu yazdı:
Inflation is a must for participants
The real problem is developing the ecosystem and preventing dumping.
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There are a lot of people in the world who want to earn money simply by having money. These people are not doing anything to add value. These people are like inflation. They breathe air, drink water, eat food and take a gradually increasing amount out of the system, but do not do anything to support or maintain it.
If you are against inflation, you should also be against making money when doing nothing.
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Can we pin this post to the top of the forum?
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Money is ultimately useful as a measure of labor; it’s a way of storing labor value for convertible use. The relevant concept here is that a person’s investment (labor) contributes to the development of the project, even if it isn’t, for example, programming.
This money might be made by farmers who produce the food devs eat. It might be the driver who delivers the hardware they use. Wherever it came from, the investment given serves to pay the employees or otherwise advance the goals of the project, in this case the IC. And it is invested at risk.
To swear off investment is fine if everyone involved is able and willing to work without immediate compensation. This doesn’t seem to be the route DFINITY has taken, and probably for good reason.
Inflation, on the other hand, diminishes investment value by favoring active labor. This can be a good thing in moderate amounts. It can be a bad thing if an invested project appears to be delivering poor returns.
Personally, I don’t think that inflation is the biggest danger to the IC right now. But you might want to check with all parties involved before suggesting that investing money is “not doing anything” for a project.
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I think this is what you might call a straw ecology argument, somehow arriving at a justification for inflation, but you make some good points.
It goes like this, right? Labor equals money, money becomes investment, investment fuels progress generating new labour, and we all walk away smiling because the pie gets bigger and we each get to have some delicious pie.
Trouble is, you defend the micro with the macro, and vice versa. This would be fine, if it were not for the double standards by which the same system actually runs. Those who control the means of production are incentivized to socialise externalities. This happens with food (see metrics of global food insecurity) now and, to some degree, water and air. I’m only saying there’s a lot more happening here than just the rules of the game that you mention. The impacts you point out are real and valid, but they make up a tiny piece of a much larger, broken puzzle.
For the record, I am not that worried about ICP tokenomics (at the moment) and made the previous post to try and point out the simple fact that having tokens doesn’t entitle you to more tokens, regardless of how you arrived at that account balance. This is, in fact, codified already since neurons must participate in governance to receive rewards. I hope this never changes.
Some very valid points, but there is also the distinction between investing and trading to be made. When people come to complain about the spot price of their “investment” they are really complaining about a bad trade they made that only provided some liquidity to other actual investors.
I agree there is a lot of speculation throughout these forums about individuals and their individual circumstances without having any valid or accurate idea of “what they do for projects”. If “just adding money into a project isn’t doing anything” then wouldn’t everyone be forced to use grant funding? Then Dfinity would have like 50% claim to your product and things would be worse overall? How do teams or even individual developers produce their projects on mainnet? With funding for their canisters. So, one could reasonably assume that eventually people will need several deep pockets of sorts just to produce a product and be launched on the mainnet and directly own the proprietary/ intellectual rights?
That might mean we have more people who are providing money and then investing because they “want their money to make more money”. Or does this blockchain not support a full range of economic choices like capitalism? If so, that’s fine but we should probably make that clear.
I absolutely agree with you. You should ask this question not to me, but to the public offering of the ICP for $350. If ICP is $3, why did you supply it at $350? And how much more will you exploit people by constantly issuing new tokens with lousy tokenomics.
Inflation is a tool to be used to correct and balance without it you have bigger problems. Inflation.
History has shown that mighty civilization have perished and without inflation it can repeat.
Inflation on ICP is right now, for those who just want money, exiting and those who are here for the right reason will be rewarded the success of this project and financial rewards later from the strength of this project.
You do not have to be locked in a neuron, just dissolve and move on.
I am disappointed that despite a number of community members speaking about the importance of providing accurate data about inflation, Dfinity appears to have doubled down on fudging figures. Dfinity’s @Kyle_Langham has so far refused to address the fact that maturity is a form of inflation and approves of tweets which undercount inflation drastically like this one: https://twitter.com/Firerisk6/status/1614004286106787840
Annualized inflation is nowhere close to the claimed 2.16%. The lower reading is merely an artefact of a questionable tax dodge.
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Where does DFINITY come into play what I Tweet? I don’t get approval from anyone for what I do? Do you think DFINITY should be censoring Twitter?