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This is gonna be seen as incorrect
/channel/fraxfinance/379607
But it sounds like you're coming around to the reality of what's about to happen
But what's it matter ,if he says 200m you'll still be supportive no matter what lol
As I did with the FPIS one at the time. Which brought to much needed corrections.
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Hard disagree. Protocols should always be assessing their long term and short term goals and pivot if necessary.
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Yes I do understand you Timothy. in the video he clearly states that there will be a hard capped supply. Whatever the emission, if it's a single digit going to that, I'm fine. I had the feeling, since he stated that several times, that @samkazemian is going to be very conservative on this topic.
I give Sam and the team a ton of credit for what they have done so far, and am very very long term oriented.
Anyway will be discussing very soon with real data. I'm looking forward to that, tbh.
Inflation means nothing during adoption phases. I’m not sure why people obsess about it. You don’t hear solana bros whining about their double digit inflation. If you’re staking you shouldn’t be diluted.
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Is it possible that we are interpreting it wrong…yes.
But, like I said, for me, the inflation percentage is less important as long as there is a measurable plan for burn as well.
I look forward to seeing the governance proposal outlining the numbers so that we know for sure.
@WethWood what do you think the new immutable max supply number will be?
Is it really gonna just be like 7% or whatever and I'm tripping
Or we increasing max supply to way higher?
I believe the vision outlines the plan to move towards this request.
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We need to reunion and talk bull talks here. You guys with more technical experience get us some ideas how do we get back in the game, how we become Frax from 2021 that we were back then? What action did we do back then that lead us to enormous success and attention? We need to step back and make Frax great again!
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@SurprisedYou this is the exact point where @samkazemian is announcing the "fixed capped supply" so that at least is not a speculation
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I seem to remember you supporting the initial 1:1 proposal was what I was saying
But sure, we will see if your single digit of dilution is correct
But I know you'll move the goal posts and even if they announce 100% dilution, its ok because whatever they propose is best
I personally am very aligned with the 2030 Vision, so I don't really care that much of the %, as long as it's within the single digit and as long as there will be an immutable cap right after
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Guys let's simply vote against all this bullshit of dilution of coins and we can even revoke that FPIS shit. It's fucking bull market, we don't need this talks now.
Let's focus on what we have about to go out, Bamm, frxUsd, frxBtc and how can we get along with Mitch to pump all together.
Please no more bearish conversation, I had enough last years
Haha Mr Paul supporter of FPIS conversion at 1:1
How do you know Sam didn't mean single digit per year for the next 25 years so 4% a year x 25 years = 100m new fxs on top of current 100m so 100% increase in maximum supply?
Maybe you are right. Is there any coin in the past that announced dilution in very first wave of pumps and stil went to ATH? Similar to us, not big boys Sol etc? Just curious
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Right now, there's not a max cap in the SC, and I think this is a potential weakness that needs to be fixed. I'm happy that we are having this discussion tbh. And I truly respect your critical point of view @SurprisedYou
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This conversation should happen next bear market or when we are above ATH. It is not right time for this. I think that's the whole point.
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When you can't pump at all and have small number of users it is not best idea to even make less attractive
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Either I, or You and @BuenoPues are misunderstanding his words
Remains to be seen
I would love to be corrected
I hate dilution, i see what it does to companies
But I know the team loves it
I honestly have no clue. I’d say low single digits for a few decades or less. I think 120m is a reasonable guess but it could also be 200m. I’m gonna guess somewhere in that range is realistic.
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Are you reading what you wrote vs what I wrote?
You're thinking he means a single digit increase to the immutable number, I'm saying he's gonna say it's single digit per year x Y years so need supply is now 120m or higher
I get that he said in vague terms it's single digit is new cap
But based on the fpis conversion we know they're not doing this huge PR campaign for a measly 7% increase
Just to be clear @SurprisedYou, the single digit is not "my single digit", it's something that was stated in this group by @samkazemian mutliple times. You can check by yourself:
/channel/fraxfinance/379309
https://www.youtube.com/watch?v=1STOAkPfvjY&t=1851s
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I seem to remember FPIS didn't convert at 1:1 😊. Each of us is entitled to their own opinion. I always respected the different opinions in this group, please do the same.
That said we will discover soon what Sam meant, given the fact the new tokenomics proposal will be released very soon. No need to speculate right now.
I think, the one thing that I see, any maybe you and others do, but, maybe not…
I see how hard it is to make the correct decisions. There is no crystal ball on the best tokenomics for future sustainability. I have the utmost respect for the team trying their best with the information and vision that they have today. And, like any product, when it is released, they should assess the effectiveness of the plan and iterate to improve.
That is why people say “invest in the team.” If you trust the team to iterate and improve, or, pivot if needed….then, invest in the team.
I believe the Frax team will iterate/improve/pivot better than any team in the space, hence, I am “all in” even though I don’t have the full picture with details, I have a “vision.”
This is all basic stuff for you @SurprisedYou . You know this stuff already, but, others in this chat may read this conversation, so, I am posting for their benefit as well.
https://x.com/therollupco/status/1868340464190964068
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