shadow
Shadow, kindly explain how anyone is punished with my idea? Then kindly explain the difference in the "intent between your proposal and my idea? If my idea punishes, then so to does your proposal, correct? Both ideas cut rewards, except my idea cuts rewards where they hyperinflate. I dont like throwing rocks but the only excuse I continue to see with real fixes to inflation are "it will chase whales away, and we cant solve duplicate addresses". So if we are relying on whales to balance the protocol then this protocol is doomed faster because rewards for an OHMIE with say 100+ SOHM is far more problematic reward emission wise then an OHMIE with 10 SOHM. That is why I continue to say your proposal doesn't solve inflation, and the only responses I receive do not qualify as input for the purpose of this proposal.
Task - fix inflation
Mission - Long term viability of the OHM protocol
Purpose - Treasury for DEFI
That is how the decision making process begins (I am sure their are some ex-military in the community that smiled at that analogy. This proposal you submitted looks more like:
Task - Extend the runway for future expansion
Mission - cut emissions gradually on the steep end to allow high bond purchasers and longer vested OHMIES more growth of S-OHM long term
Purpose - Passive income
I am sorry OHMIE but that is exactly what I see with this proposal. I have been in this community for about 40 days and this is the first time I have been really vocal because even when I linitially looked at the calculators before investing I said "this isnt sustainable once I reach full maturity of my OHM but if a proposal to curve the inflationary end of the spectrum came out I would advocate for it. Well this proposal "was initially music to my ears, until I did the math and the research and recognized it doesn't fix inflation it simply stretches the runway. If you want to stretch the runway, write a proposal for that and lets have a vote, but its misleading to say we are fixing inflation when in fact we are not because you refuse to recognize in your proposal where the inflation is.
The framework is designed to actually solve the problem but it is imbalanced because the combination of bond purchases and S-OHM higher quantity holders will absorb roughly 71% of the minted supply emissions as the framework is aggressively addressing emissions. Your asking a new ohmie to hold and 3,3 meanwhile the S-OHM on the broader end continues to inflate away that ohmies value in his say "one ohm" so he is fighting a resistance battle against inflated supply and sell pressure in which that 1 ohm OHMIE doesnt win. And the OHMIE can't win because we slowed his initial growth trajectory.
I run a construction project management business for my primary occupation. I dabble in crypto because it is a protection from FIAT inflation. Crypto protects the value of my today money, tomorrow. When I hear some idiot politician talk about taxing the rich, I laugh because people in my position don't pay taxes, we stick it all into assets, rental properties etc; debt is not taxable, only the middle class and lower earners pay taxes - FACT because im a practitioner. Do I sound like a person that wants to punish anyone? Or do I sound like I want to solve a problem here? I've only said it a few dozen times this should not be balkanized into a rich vs poor argument.
I am passionate about OHM because it actually can work! It can achieve the mission and purpose of being a defi reserve currency and treasury. The LP pool ownership and the bonding aspect is absolutely GENIUS! That's why I support this protocol. Those that are trying to find a bond between TRADFI and DEFI needs to understand TRADFI will always want to kill DEFI their is no compromise. TRADFI sees DEFI as the enemy, and DEFI wants to shake hands and integrate. Their will be no integration, their will only be polar universes. Sure we can take the tools of TRADFI and inherit them into smart contracts, but TRADFI has no intent to be friendly to DEFI as long as their is an opportunity to kill it - inherit the DEFI tools into TRADFI banking instruments - CBDC, I'm just saying…. OHM is an asset for DEFI that can keep it alive and thriving when market liquidity dries up in bear markets. For that to happen you need MANY strong OHMIES not just a few with large bags. We need growth at all levels of the S-OHM spectrum and my suggestion accommodates that while at the same time slowing the emissions of S-OHM where it happens the most exponentially. All I am saying is pull up the calculators, do the math yourself, see if this proposal solves any problems it intends to solve. Vote on the proposal as its intent. Does this proposal fulfill an intent or does it fulfill an interest? Who's interest? Why? Educate yourselves on the matter using the community tools. I can take the harshest of criticism because I back up my arguments with easily verifiable facts available to everyone. DNS OUT!