Post
Topic
Board Tokens (Altcoins)
Re: [ANN] æternity blockchain ∞ AE TOKEN ∞ [PoW & PoS | Oracles | Smart Contracts]
by
aeternity
on 08/05/2019, 12:12:47 UTC
Quote

Hilarious joke by office manager. Now tell me why you need a stake NOW? Because you first introduced sick inflation and want to take a cut of it as soon as possible before any significant decline in block reward. You think people here are retarded (mostly true) and this cut will be not noticeable because nobody spend money directly, I would say that in order to make development process sound and rational people must pay real money out of the pocket to support project. That's why people must vote per milestone, and stop bullshitting about it being "slow". It's a false narrative.

I propose another voting, reduce block reward before AE value hits the dust and introduce tail emission.

You said you have got funding for years to come, well, there is a time to develop a sound funding system and stop pushing that irresponsible taxation model which gives your team millions of dollars on your sole discretion. You said everything will be used for development? What stops you from writing a paycheque saying $1,000,000 for fixing a typo in a code comment? Nothing.


- This would not be a stake. We confirmed during the AMA session we organized on Monday that these funds are to be spent on development projects, and not to be staked.
- It is not a false narrative - if such a vote should be organized for each separate development project before the work could start, that would delay the workflow significantly. We got feedback by the community that future votes should have longer voting periods, so the whole process will take even more time.
- We do have funding, this is not the goal of this vote (as we said several times already). We just want to stay ahead and ensure the project's sustainability for the years to come.
- You will be able to propose other votes very soon and you can also propose a block reward cut.

Best,
The AE Team