Starting to see posts calling $folks a scam.
Time to buy.
They will inject massive liquidity again and the trap will work again.
Defi is a playground for whales even in good projects.
Just buy on spot guys.
Here's my honest take as a staker who would actually be voting on these protocol upgrades. I'm keeping my language direct for brevity, but don't mistake that for inflexibility -- you can prefix every statement with "in my humble opinion" if it sounds nicer in your head ❤️
> increasing transaction fees
Assuming something like a 100x jump in fees, Algorand would stop being a "general computing platform" that handles everything from supply chain traceability to gaming because those would become prohibitively expensive.
Instead, the chain becomes purely a financial technology, with DeFi and payments as the bread and butter, because those are the only use cases where the network's trustlessness and other features are actually worth the higher cost.
So realistically, that's the tradeoff. It would constitute a meaningful change in our strategy and I'm cool with it.
DeFi is where this industry has real PMF. Increasing the fees would force us to narrow our focus and double down on payments, our existing DeFi protocols, and RWAs that compose seamlessly with the ecosystem.
> new token emissions
Beyond the obvious issues around network security and stake distribution, here's the real question: If we stick to the fixed cap, force rewards to zero, and that drastically cuts online stake... would companies really be comfortable putting billions in financial assets on a network secured by only millions in ALGO?
With that in mind, I can get behind uncapping the supply to fund staking rewards, provided there's a corresponding burn mechanism to offset inflation when conditions improve.
But there needs to be some additional compromises -- the Foundation should commit to NOT using its own rewards to fund initiatives. Instead, those rewards should be set aside for a future community-controlled war chest.
Or burned. 🔥
> self-organize around these topics and propose recommendations
xGov's final form could be a full DAO with token weighted voting to manage ecosystem funding, protocol development, and beyond. The foundation is calling for community action here, so this (or a variation of it) is entirely achievable.
The community should form a working group with broad representation -- stakers, builders, degens, and AF members. This group can start drafting and voting on concrete proposals immediately.
One of the first priorities should be a direct, transparent discussion: What proportion of the Foundation's treasury should be allocated to community-controlled protocol development after the ongoing decentralization handover?
Protocol development is expensive, there are only a handful of people on the planet who can work on key aspects that distinguish us in the market, like quantum resistance. It's unlikely a handover would be successful unless a meaningful proportion of the treasury comes with it.
This could require Foundation spending cuts and/or clear and published budget targets. To make this credible, community representation on the board would be essential. The working group could collaborate with the Foundation to outline the governance structure.
I've been in crypto long enough to learn that it's never a good idea to sell when people are scared.I trust the Algorand community and I don't believe they'll allow an uncap of its token.
I'm sticking with the fact that it's the best technology, and those of us who are still here are largely here because of that—because we don't put our money into hype and massive marketing campaigns, but into what we know actually works.
Current Algorand Foundation leadership shouldn’t be the group proposing drastic changes to tokenomics.
A new group needs to come in and hopefully inspire some confidence.
It’s a no brainer and the only reason it can’t happen is because Staci Warden is accountable to no one.
If someone was from the future and no one knew they would actually be really hated a lot on X. Imagine how annoying they'd be saying either of these comments with conviction when euphoria was extremely high or anger was extremely low.
@AlgoFoundation Option 1A. All future spending from AF is required to go on Xgov that requires a vote. Community votes not only on retroactive funding but all future funding. Board positions have metrics and targets associated with them. A vote is conducted to determine if they can remain.
@AlgoFoundation Wow you guys made staking tokenomics that would only work for 2 or 3 years? Uncap ALGO is the worst idea.
Id like to know what Silvio mícali and algorand techs think about it
@interiorgob@DGTes También lo hacen waze, los intermitentes y los triángulos pero no son negocio vaya. A ver en cuanto tarda en salir el 'caso balizas'
Yes, we are early with RWAs outside stablecoins being in the ~$20Bn range, but it is also inevitable that institutional tokenization across a connected set of chains and existing systems takes hold and reinvents the entire financial system. It is inevitable and will happen slowly and then all at once, just like the internet.
I’d be out.
We either follow @silviomicali ‘s vision or we don’t.
He might be wrong in his fundamentals, but I don’t believe he was wrong in most of his decisions leading to Algorand.
I want to know what % of the pie I have.
I’ve been accumulating with THAT in mind.