preventing a negative affect on the price? I heard there is a design in place to prevent this on TLOS. Can somebody point me to write up on how this works?
☝️ good question
If you think a bp can influence the price of sell or buy…. You miss the point of the telos value. We are incentivised because we work on telos, we develop new stuff, if we see 2 years ago telos there is no EVM, no exchange list, no cross chain token etc etc If you think the key factor of the price can be the bp not sell token you deeply care more than the token value and think this is a Ponzi scheme . Btw recently we cut our rewards as bp
Haha common sense of course, you make a good point. Why pour all your energy into a blockchain only to destroy it's value by dumping? I think though that @earthman01 is looking for something within the governance of the token that outlines this. I could be wrong though ;)
Is BP's salary halving similar to the halving of BTC's output?
No its fixed as long as you are producing or a backup BP
You are correct, I am looking for something within the governance the token that outlines this. This may however be a sensitive subject, so I will be sure to tread lightly!
You mentioned a write up, do you represent an organization or are you just representing yourself?
Why do you ask the SAME damn thing repeatedly even after getting the answer?
Happy to try to help haha. Take it easy bro :)
https://t.me/telosgovernance/13576 This is the proposal that passed
Yes similar in effect but more organic- especially as we swap to the price oracle. Supply squeeze can happen faster on Telos if we keep going up -rather than bitcoin havenings every few years
You need to stake tokens in order to vote on governance.
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