@richhomiecon @jasonbadeaux Deferring to whatever the market happens to be doing to token price offers a lot less flexibility than setting your own inflation rate
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Chris
623 posts
Chris
@DeWiPulse
P̵u̵s̵h̵i̵n̵g̵ ̵f̵o̵r̵ ̵t̵r̵a̵n̵s̵p̵a̵r̵e̵n̵c̵y̵ ̵&̵ ̵g̵o̵o̵d̵ ̵i̵n̵c̵e̵n̵t̵i̵v̵e̵ ̵d̵e̵s̵i̵g̵n̵ play stupid games, win stupid prizes
Katılım Kasım 2021
345 Takip Edilen222 Takipçiler
What specific benefits do you see uncapped token supplies having? If it’s around having more incentives, if project is doing well price should go up, which gives you that. Or a net emissions type approach where I believe HNT supply is technically uncapped and emissions continue into perpetuity
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my most *currently* nonconsensus take:
dynamic supply tokens will be consensus in ~12 months
it will be a considered a bearish signal to have a fixed supply, because your project will not have the flexibility to compete over time and technology cycles
amir 🇺🇸@amirhaleem
@amerpipedream DePINs shouldn’t be valuable because they have scarce supply. they aren’t trying to be digital gold, a store of value, hard money, or anything like it. they are valuable because they provide real utility that is tied to the tokenomics. see this from @DAnconia_Crypto
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Chris retweetledi
This is a good article.
On a related note, I suspect that being a Binance US executive for a year or so may have been the best pay package ever in the tech industry.
Ramit Sethi@ramit
Amazing @GQMagazine article on a guy who goes undercover to expose financial frauds, then gets paid as a whistleblower I would love to fund more of this
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Question for the ethicists out there:
Is it a rug pull if I get to share in the looting & only other people get screwed?
Connor Lovely@richhomiecon
10% of $XNET circulating supply gone forever
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@RichhomieconE -at recent prices, wiping 10m tokens from the supply is like a million bucks. There weren't that many wallets holding xnet. Bunch of people have to have been hit for $10k+, right?
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@RichhomieconE -fwiw, if this was about a few percentage points, I wouldn't be making such a fuss
-largely deferring to amir's comment on the helium stuff, but my problem isn't that 'a centralized decision was made and centralization is always bad'
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@RichhomieconE @EdBallou Tiny bit. I care b/c I don't like seeing DeWi projects fuck people over
Depin could become something cool or could end up not being much more than a cash grab. Calling this stuff out hopefully nudges the industry towards the former
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@DeWiPulse @EdBallou Do you even own any xnet? Why do you care?
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@RichhomieconE @jplat12 The value of the token was always predicated on xnet fixing its token model. No one was forking up to buy a [tiny]/24 billion fraction of the project
Fwiw, previously Rich was very vocal about % of total market cap not being a valid mental model for xnet
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@DeWiPulse @jplat12 They own the same % of the network they did before!!??
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@EdBallou @RichhomieconE If we were dealing with relatively small percentage point swings here, I'd be far more sympathetic
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@RichhomieconE @DeWiPulse I’ll humor this. I missed the news that a validator was being decommissioned and lost out on staking rewards for 9 months. Funds were safe though. If someone isn’t paying attention, they could get rekt.
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@RichhomieconE Holders that weren't following the project closely enough to catch the briefly available bridge shouldn't miss out on a 10x shift from a unilateral/centralized decision to make a massive shift in the tokenomics
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@DeWiPulse Internally they are framing it as that, but the token price sure is telling a different story
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@rdevaul @FerrieraMel @XNET_Mobile @xnet_fdn Congrats! Can you say anything on whether compensation is concentrated to certain geographies?
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How's your day going? Also, this: @XNET_Mobile @xnet_fdn
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@rdevaul @FerrieraMel @XNET_Mobile @xnet_fdn Are you getting paid now or is that something that remains contingent on other boxes being checked first?
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@FerrieraMel @XNET_Mobile @xnet_fdn We generally don't name names in this industry, but it is a direct deal that covers 46% of all phones in the US
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@tushar_jain @RichhomieconE @amirhaleem @helium_mobile Is the issue going through MOBILE rather than HNT? Or are you getting at something else?
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@RichhomieconE @amirhaleem @helium_mobile I don't think that's compatible with the economic design of helium, would create a ton of problems
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🚨🚨🚨
paid carrier data offload is now live!
what does it mean? if you're operating a @helium_mobile hotspot you can now get paid for offloading data from subscribers of a couple of the largest cellphone carriers in the US
Helium Mobile 🆓 ☁️@helium_mobile
🚨 Hotspots that have been chosen by carriers for data offload will now start earning MOBILE for data transfer! ** More Hotspots are being added to the beta regularly!
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Shortly after XNET was announced, I asked Rich about the massive dilution from the impending inflation of XNET's token supply.
He insulted and belittled me. He acted like I was an idiot who didn't understand anything but meme coins. 🧵
ⓧ Richard DeVaul 🚀🇺🇸💪 devaul.sol@rdevaul
@NikoLeMieux @bigshaan @amirhaleem @jplat12 @RichhomieconE @DeWiPulse @xnet_fdn @XNET_Mobile @DeWiGoSite This is disingenuous - we are migrating from a 24B supply to a 2.4B supply. The natural exchange rate is 10:1. If someone uses our 10:1 bridge tomorrow or a year from now, they will hold the same fraction of ownership they did a month ago. 1:1 is a 10x bonus.
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