We're not only going to meet @stablekwon's 10bn $UST target, we're going to smash it!
We only need to mint 3.14m $UST an hour for the next 28 days to reach it.
Today we've been minting ~6m $UST per hour.
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Motion 118 consisting of 2 batch calls has been submitted to Polkadot Council to begin auctions on November 11th, 2021. If passed by the council, and the community via public referendum, Polkadot's parachain auction schedule will be as follows:
@ddwchen@CL207 First piece Iโve seen in this. For me this is the most interesting part of this whole thing. When wealth is separated from state (surely an inevitable consequence of providing a genuine decentralised, denationalised currency in place of fiat) then nations lose their power.
There's never been more money in the system.
But creating wealth has never been harder.
People work to the bone and still come out negative.
I'm devoting the next decades of my life to this problem and here's why ๐งต