Thread by @TaschaLabs

What doesn't make sense to me abt this emission plan is the following.

Token emission is a flow var, total relays is a stock var, why would you tie these two together?

It seems to make more sense if emission is tied to activity *growth*, not *level*...

https://twitter.com/Ming_Chun_Lee/status/1482404002050490372?s=20

i.e. if relays grow 600% a yr, token supply should grow abt same. If god forbid relays shrink 50% a yr, token supply shrinks 50% too via burns (actually burns will be more than 50% since there're still new mints distributed to nodes)

This way token value cab be relatively stable vis-a-vis value-added created by platform, aside from fluctuations caused by speculation. Node owners know exactly how much they're paid if they can count on token value being stable. Builds confidence & trust in long run.

p.s. if you want to encourage speculative holding & thus your node owners have more liquidity via 2ndary mkt, you can make emission somewhat lower than relay growth, e.g. relay growth 600% a yr, emission growth 500% a yr. Not saying those are correct numbers. Just an example.