NNS motion proposal: In a bear market or flash crash, increase off chain and out-bound ICP transfer gas fees. We, small fishes need a way to defend our investment against big price movers. Dfinity should understand the importance of protecting a relatively small community that is not growing as fast as necessary. This measure will encourage other small investors to join. Main goal, and how to:
Goal: Prevent unfair community destruction and with it prevent the failure of the Internet Computer:
- Increase off chain outbound ICP transfer gas fees proportional to the percentage of price reduction.
- This increment should be sufficient to deter unfair price manipulation by big whales
- All gas fees will be burned
- This mechanism should disappear in a few years as soon as we reach a critical mass of small investors and big whales (seed investors) are all fully unlocked