Jonas

Research Scientist at Web3 Foundation. Opinions are my own.

[Jonas @GehrleinJonas]

@saxemberg @Polkadot As I've mentioned in the proposal, these numbers are up for discussion. But, I'd like to also point out that my proposal does not only include a stablecoin payment. Instead, it is complemented with a significant DOT payment that would be in the thousands of DOT yearly.

[Jonas @GehrleinJonas]

I’ve shared a proposal for a Dynamic Allocation Pool (DAP): an issuance buffer that sits between @Polkadot’s token issuance and its funding destinations. It comes with a set of complementary protocol changes designed to align Polkadot’s economics for what’s ahead.

[Jonas @GehrleinJonas]

you can find the link here: https://t.co/SrzjR4bJz6

[Web3 Philosopher @seunlanlege]

Polkadot just pulled off what is the most insane cross-chain application yet.

Cross-chain chain state migration.

An application that migrates the state of one chain (Polkadot Relay), accounts, code balances etc to another chain (Polkadot Hub)

Truly historical feat

[Jonas @GehrleinJonas]

@hydration_net Holla(r), die Waldfee!

[Jonas @GehrleinJonas]

I shared my thoughts in the @Polkadot forum on the recent discussion to further reduce inflation.

In these discussions, the relationship between inflation and economic resilience has largely been ignored. I created a report to educate on the topic and propose additional policies that I deem necessary, if the community votes to set up the protocol on a path of drastically reduced inflation.

link 👇
https://t.co/75shdAweMn

[Jonas @GehrleinJonas]

> Current AI tools (LLMs specifically) are just Markov chains. Just Markov chains can be very powerful, yes, and we have barely begun to explore their possibilities. But Markov chains will not replace humans. If you feel so, you need to stop devaluing yourself and have more confidence in the soul that you have been given. And if you don't believe in souls, look into your mother's eyes.

very powerful statement.

[Jonas @GehrleinJonas]

Last week, the @Polkadot Technical Fellowship approved #RFC0017, which proposes to redesign key aspects of the coretime market.

Implementation will begin soon and I’ll share timeline updates as they become available.

This followed an extensive discussion with lots of valuable feedback. Huge thanks to everyone who contributed and helped shape the outcome.

Read the RFC here 👇
https://t.co/y8qB7hGyjW

[Jonas @GehrleinJonas]

If you're talking about the halving inflation idea, I’ve got bad news for you: the fees collected from transactions are likely to be orders of magnitude lower than what a halving of inflation would cut from new issuance. So, it wouldn't be feasible to try to plug any holes in Treasury inflow or staking rewards that would be caused by lowering inflation.

Even though one could potentially reduce the Treasury's share, but roughly speaking, halving inflation from now means halving current staking rewards.

So it seems you need to decide: do you want less inflation and accept that staking rewards will drop significantly - or not? You can’t have it both ways.

[Jonas @GehrleinJonas]

RFC#0146 proposing a Deflationary Transaction Fee Model for the Relay Chain and its System Parachains just passed the fellowship vote 🥳

check it here: 👇
https://t.co/PGmgEUwthN

[Jonas @GehrleinJonas]

Sorry, am I genuinely confused here. You are blaming the Polkadot community that they don't have interest in your products? What perspective is that? Despite that, the DAO grants you $150k and you still feel let down?

I can understand that you think things are not working well within Polkadot and you have all the right to be frustrated and even distance yourself from Polkadot. But cashing in $150k and then making this post has very bad optics. I've been supporting your proposal but I have to tell you, that I am feeling let down by this.

[Nassim Nicholas Taleb @nntaleb]

Some groups, tribes, or nations are intelligent while composed of very stupid individuals; other are stupid while made up of intelligent members.

It is all about how people interact.

[Jonas @GehrleinJonas]

RFC#146, which proposes burning 80% of transaction fees on @Polkadot’s Relay Chain and all its system parachains, is currently up for voting with the Technical Fellowship 🤞

https://t.co/PGmgEUvVsf

[Jonas @GehrleinJonas]

@tugytur Also, I hope you mean the German version of the office 😉

[Jonas @GehrleinJonas]

@tugytur - Pantheon
- Bojack Horseman
anybody?

[Jonas @GehrleinJonas]

Small update on the unbonding queue for staked tokens on the @Polkadot Relay Chain (RFC-0097): The team at @0xBlockDeep has completed their PR and is now requesting reviews from staking OGs.

Still a bit of road ahead: reviews, minor fixes, audits, packaging into a runtime upgrade, and finally getting it on-chain. But we are getting there.

The PR is here: https://t.co/D7cmHQNxck

[Jonas @GehrleinJonas]

I've pushed a major revision of RFC#0017. The goal was to improve on its clarity and give some more details to address some concerns raised during discussions.

I believe this design is the best candidate going forward to get an efficient pricing model for Polkadot's coretime.

Read it here: https://t.co/6Mb0hsJRbp

[Jonas @GehrleinJonas]

The new design changes the perspective on renewals. They are meant to be a safety-net in situations where things went wrong and a team was not able to obtain a core in the open market.

Due to the clearing price mechanism, bidding in the auction is as easy as renewing now (or maybe easier). Remember, it is a dutch auction. So, basically a bid is equivalent to a purchase. A team already having a core is guaranteed to get the core(s) if they made the purchase.

Additionally, the premium is ONLY applied whenever there is more demand for cores than there are cores available.

That means, the premium is 0% whenever there are cores left unsold.

[Jonas @GehrleinJonas]

@LRazovic I can't even deny that it would make total sense. But I'd have settled for a reasonable price... I even wrote the Baron (myself?) an e-mail pointing out that their strategy won't pay off if the referendum passes...

[Jonas @GehrleinJonas]

@le_mec @LRazovic Is that on-chain? Base-layer or lightning?