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inWish For Change
4 months ago
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This is a ReferendumV2 post. It can only be edited by the proposer of the post .

Comments (4)

4 months ago

What’s the point of having earlier community proposals that introduced and approved burn mechanics if this new one just reverses that direction? By stopping burns, it hands more power to whales to shape the system around their own preferences instead of the broader community. When DOT is burned, everyone benefits from reduced supply and a clearer economic model, but in this proposal the main advantage goes to large holders while tokens stay in circulation under their influence. That does not look like a sustainable business model, it looks more like governance drama or a circus, and it feels unfair to smaller holders who trusted the previous economic direction. On top of that, changing the rules before the burn mechanism is even fully applied is discouraging for new holders, because it shows that tokenomics and community decisions can be reversed at any time, making it much harder to trust the long‑term direction of the DOT ecosystem.

4 months ago

Reasons:

  1. The proposal suggests stopping the burning of DOT, which could lead to an increase in supply and potentially diminish the value of DOT for smaller holders. This change may favor larger holders and undermine the previous economic model that benefited the broader community.
  2. The proposal lacks a clear risk assessment regarding the impact of halting the burn mechanism, which raises concerns about the long-term sustainability and fairness of the economic model.
  3. The changes proposed may discourage new holders and create uncertainty about the governance and direction of the Polkadot ecosystem.

Overall, the potential risks to network security and fairness outweigh the benefits presented in this proposal.

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