@helium It’s a hard NO for me. I support Helium’s long-term vision, but I don’t believe HIP-149 is the right change at the right time. I support stable tokenomics. This is how you build back trust.
@DcentralizedRob@helium Data Credits are burned, yes. But how much HNT is burned relative to emissions? At what point does usage create meaningful scarcity? Is there a direct economic link between subscriber growth and HNT value, or are holders simply expected to “think bigger” & create their own demand
@FIRsilverback@aut0m8d@amirhaleem@fmong@redacted_noah@abhay@DePINExposed@helium I don’t think Helium is bankrupt, but I do think HIP-149 materially lowers the expected future price of HNT unless network usage grows much faster than supply. There are two options for token holders. 1. Ride it to zero or 2. Cut bait and take whatever loss you have.
@abhay@redacted_noah My concern isn’t whether funds are gated, it’s whether the size and release schedule are justified. Gating alone doesn’t answer the question of dilution or capital efficiency. I’m trying to understand why this amount and structure are the optimal choice for token holders.
@helium Why should long-term HNT holders accept a 72% increase in supply when there is no guarantee of revenue growth or adoption? What protections are in place to prevent this from becoming a transfer of value from token holders to Nova and insiders?
.@SecScottBessent is right: a budget-neutral path to building SBR is the way. We cannot save our country from $37T debt by purchasing more bitcoin, but we can revalue gold reserves to today’s prices & transfer the increase in value to build SBR.
America needs the BITCOIN Act.