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Burning Algos Proposal for Period 8
I disagree with the proposal. We shouldn’t be changing the supply on a whim based on an arbitrary position of a speculative leaderboard. Let’s keep it as it is defined today and find a way to enter the top 10 by walking a different path.
Building doesn't build network effect, engaging does
Over the past year, I have seen a lot of initiatives to encourage developers to build new projects on Algorand. While having legitimate projects is certainly important for success, it is not enough on its own to ensure victory. To illustrate this point, imagine that five legitimate projects suddenly…
Feedback requested on proposed Q3 2022 Governance Measures
That might be true as long as the incentives structure doesn’t force existing users to choose - which M1 would exactly do. Let me give as an example my personal considerations. Currently, my Governance stake is split 75:25 between vanilla Governance and DeFi solutions. On the level of Governance…
While these proposals are certainly better structured as in G3, I still have some grave concerns. Below I address some of them for each measure, addressed in the order of their importance.
M1:
Endangering security of the network?
The aim of M1 is to get more ALGO to participate in DeFi. One crucial...