“I do believe we need to be more aggressive with reducing inflation, more so than SER (will respond accordingly there as well).” Mike in the amended PEP 49
While these curve balls surprise me (if PNI wants to respond, they should respond NOW- what’s stopping them?) and this somewhat contradicts Arthur’s last message to let SER take its course, it’s another respected voice in support of aggressive cuts.
I can’t believe we are playing memes (from 69 to 420) but I am open to anything that is “pragmatic-good” for Pocket
With V1 main net a year away, any related concern is put to bed for sometime.
I wouldn’t take it for granted that there won’t be any resistance to cuts. In fact I have read such comments in other community spaces.
For argument sake, I will try to put together a simple table of supply and inflation (emissions) for top 20-30 tokens by MC. Without even having the table ready, I am almost confident that 100% of those tokens have supply and inflation in ‘strict control’ and are at single digit running inflation. I hope that will somewhat help in countering any dissent against aggression.
There is no magic number or method, but benchmarking against what exists is an age-old standard practice.
Great! Your sheet is not for the faint-hearted. Given that we agree on the basic formula, could you please answer the following questions-
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If 690k were cut by 2.72% and 4.05% (separately) from Jan 23, what will the annual inflations in those two scenarios be for the calendar year 2023, against 16.8% in “do nothing”?
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If 2.72% and 4.05% (separately) cuts in daily/month emissions are continued in 2024, what will the annual inflations in those two scenarios be for the calendar year 2024?
Sorry, have to live by my reputation set by our friend Vitaly of the guy who breaks complex things down to simplicity
My wish list/recommendations-
a) Single digit annual inflation (as per the standard formula) for calendar year 2023- arrive at the cuts in emissions per day/per month needed to get there (unless the cuts look outrageously high).
b) Slow it down to less than 5% (target TBD) annual inflation for calendar year 2024, maintain that until and unless superseded by a superior and dynamic model at any point in time.
c) Start the cuts from March, 23 and therefore make this proposal time sensitive.
Thoughts are welcome specially from @RawthiL as it appears that myself, @Cryptocorn and @msa6867 are somewhat in agreement.