DOT tokeneconomics downspiral

18hrs 42mins ago
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Hi, my first time here and I'm a DOT holder for 4 years which it enforce me to come here and discuss the most important thing in this network which is tokeneconomics are a disaster. Polkadot lives by socialism with the wrong idea that printing money creates wealth and that a centralize force, in this case large DOT holders, know better how the economy and resources must go instead of the free market. The yield is an illusion of wealth, the yield is a DILUTION of wealth it's just printing more tokens and not creating wealth.

I'm surprised how the public voices of this community don't understand this basic concepts of math and economics, and worst they dismiss and think Bitcoin is wrong. Reminder, Satoshi and his cypherpunk group with some economists opinions, they had deep knowledge in economic and finance. That's why he created Bitcoin saying central banks killed the trust in money by printing more money which devalues wealth.

Polkadot treasury it's a HUGE net negative for the ecosystem. It creates gigantic inflation, which dilutes and kills wealth to all holders, creates bureaucracy, it creates parasites actors that live only by the treasury and not creating wealth and their incentives is to create more DOT and spend a lot with their own interests in mind.

With all of this in mind, in my opinion, the steps to a better tokeneconomics should be:
- eliminate the treasury: level up all self sovereigns DOT holders from the bottom up who have now incentives to build, collaborate and contribute to Polkadot to defend/increase their wealth without printing more tokens and destroy/diluted DOT token value

- reduce inflation as much as possible: I'm not good enough to find a number, but what I would like someone more capable of doing this is within this question what is the range inflation number + DOT value in $ which makes validators breakeven?

Conclusion:

Polkadot must shift quickly from a socialism idea which only creates poverty and change to capitalism. Changing to align more as free market Bitcoin economy with PoS in mind. Yes, Polkadot is PoS some inflation must exist to pay validators to defend the network.

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