We need agreement with CZ. He can make many good things for 1.0.
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Well done Allnodes!
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Before 10983, the reward min is 0.1. Dose 0.9 means the more rewardâŚ? Itâs weird, This doesnât looks like repelingâŚ
Means 90% goes to burn and 10% remint. Which 10% will also need to be fixed soon.
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Its how the parameter works. It is weird. 0.9 = about 10% remint. 0.5 = 50%. 0.1 would be 90%. It is flipped sort of thing.
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@Mpowski @DEMONMONKEY777 Thank you, Sir.
But I reviewed 10983 and I watched this.
Primary Benefits:
** Rapid bootstrapping of the Community Poolâs capital on hand.*
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- Under the current rate_min of 0.1, from 11/21/22 to 11/28/2*
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- Approximately 41,182,921 LUNC and 26,099 USTC will be allocated to be minted to the community pool.*
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- Under the proposed rate_min of 0.5 for that same seven day time period*
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- Approximately 205,914,604 LUNC and 130,497 USTC would have been allocated to be minted to the community pool.*
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* This is an increase in 7 day community pool revenues of 164,731,683 LUNC 104,398 USTC.*
90% of the burning tax 0.2% should go to the community pool if 11111 passed. And the effect of burning tax may decreaseâŚ
Why not to introduce a time frame for new proposals? Like effective for at least 30/90days or things like these. .
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They can increase the total Tax if they want more money for projects. If its so important, than it should not be a problem. The burn tax is meant for burning, not stuffing peoples pockets.
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Even 1 week was too long during the crash. We couldnt stop the crash because of how long it took to pass anything. Increasing it to 3 weeks is even worse. We should accept that in a decentralised community, most of us are not experts and mistakes will be made. The key is being able to fix them quickly by repealing mistakes.
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Well, Thank you for answer. I looks like pass.
Was this updated? Community clearly voted in favour to reduce minting yet yesterday mint was 50% of burning!
10983 was implemented right away, for 11111 I guess will take a while, the reason is quite obviousâŚ
Is this now implemented as community voted? Where can we check that?
We should be avle to see on 2 days based on amount reminted.