kavya balaji

After a hellish week in a Paris Airbnb with no AC (100°F outside, 108°F+ inside), I started looking into why the French are so opposed to AC. There's many reasons: bureaucracy, poverty, etc. But the main one is decades of environmental campaigns that convinced people AC is the devil. The result? You can't escape the heat. Most buses, metro lines, and shopping malls have no AC. This Monday, 850 schools are closing because classroom temperatures exceed 104°F. In Nantes, they built a brand-new train station and a hospital without AC for environmental reasons. The station is now partially closed because it's become a "furnace" that endangers travelers. Hospitals are covering windows with emergency foil blankets to protect patients. The French demonize air conditioning because it creates carbon emissions that contribute to climate change. Never mind that France already has one of most carbon-free electricity in the world thanks to nuclear, or that it accounts for less than 1% of global emissions. They also oppose AC because it "just displace the problem" by dumping heat into the street. Never mind that studies suggest even if an entire city were air-conditioned, the increase in outdoor temperature would be at most about 1°F. Instead, people are willing to endure 104°F+ indoors to avoid a marginal increase outdoors. This ideology kills more people than firearms in the United States. Across Europe, between 50,000 and 70,000 people die from heat every year, mostly the elderly and the poor. Compare that to roughly 44,000 Americans killed by firearms. For comparison, despite having a similar population, deserts, and more extreme temperatures, the United States has only about 2,500 heat-related deaths per year thanks to widespread AC. That's what bothers me most. The moralizing posture completely detached from reality. People feel morally superior for "not polluting." They criticize America and its guns while tolerating policies that kills even more people. I share this anecdote because I know it's shocking to Americans. Here, schools or hospitals reaching 104°F would be unnaceptable. The absurdity is immediately obvious to us because we're looking from the outside. We see the gap between moral intentions and real-world consequences. But we're no different. In America, we have dozens of similar issues where we're just as irrational, and we've become blind to them because the solution isn't politically acceptable. How do can we bring back logic and pragmatism in our societies ahead of irrational political ideological ?

1) Using historical stats from Flare for MeV is pretty pointless as the ecosystem has grown in TVL substantially. (The estimates for transaction fee burning in FIP16 are also probably low as the ecosystem is growing and historical data doesn’t take this into account.) Estimates for annual MeV earnings across the space equate to 1.5-2.0% of TVL. Personally I’d expect this to be lower on Flare as MeV harvesting will be far less aggressive than on other chains so 0.5%-0.75% is probably a better range. One of the more valuable things that can happen for Flare is growing TVL (and by proxy ecosystem usage - meaning fee burns- and also MeV earnings) by onboarding more XRP and new assets. Key to this in the near term is institutional onboarding of XRP thru exchange & custodian partnerships - eg Uphold - which can bring huge amounts of value to the chain more quickly than retail users. In the mid to longer term onboarding new assets like FBTC and RWAs (where Flare’s FCC gives Flare a strategic advantage). In summary what FIP 16 did was make FLR very low inflation (relative to most other networks now) and link net token inflation to increasing usage through transaction fees, data fees (FDC, FSA) and MeV accrual. Increasing TVL and increasing opportunities where FDC and FSA are used contributes the most towards reducing inflation / making FLR deflationary. As an aside I was massively over optimistic about how quickly TVL would come to Flare. It wasn’t intentional my estimates got hammered by 1) the continued general market bearishness 2) Yield compression across the market - which makes it harder to get a yield on borrow lend (Kinetic & Mystic) and sell cover (firelight). 3) How slowly institutions move. It is happening and happening at an increasing pace relative to a couple of months ago but the first few turns of any flywheel require a lot of effort. 2) We currently have no plans to change VM or become multi VM (practically very difficult anyway). There doesn’t look to be much value in doing so right now. 3) No we have no plans to raise capital as we don’t need to. 4) There is no particular reason for us to become a US entity at the moment. If that changes we will change with it. Tbh I spend a fair amount of time in the US anyway (and we have a lot of team in the US) so unless there is a clear legal/regulatory reason to do so it wouldn’t make any difference.

The whales with no good intentions for $WLFI are creating panic. For you to lose your bags. Because their evil plans have failed