Ryan Sean Adams (rsa.eth)
@rsa.eth
if economic security is a meme...and issuance isn't a cost to the network then issuance is a meme and if issuance is a meme...then why does Solana issue? many sleepless nights haunted by this question since the Drake vs Anatoly debate
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oliver
@oliverk120.eth
Issuance is not a meme - Justin Drake just got the reasons for the sell pressure wrong. Although taxes can cause you to have to sell, it's akin to Stock Based Compensation which regular companies HAVE to include as part of their P&L even though it's not a cash cost.
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J Milles 🎩
@jmilles
Issuance is a meme until number stops going up, then supply and economic models actually matter. Memes don’t last forever, assets should.
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Armada
@armada
Ethereum people have a 3D understanding of crypto and Solana people have a 2D understanding. In the 2D world of fees, speed and 'now' Solana is right, but in the 3D world of decentralisation, durability and adaptability Ethereum is right. I'd bet Solana people on average have seen less cycles and coins come and go.
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CatHat
@fredriqueaquino
I'm thinking too.
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autocrat 🎩
@autocrat.eth
I was yelling this at my laptop screen during the debate…
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Steven Leshinger 🎩
@stevlesh
Isn’t this basically just the bitcoin maxi arg that all proof of stake coins are inherently circular?
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Ian
@iankguimaraes
I’m not sure economic security not being a meme implies that issuance is a meme. IMO issuance in this case is more a incentive mechanism to run the network than a meme
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[email protected]
🎩
@mikesylphdapps
Right? Why did they think to redirect the token burn to the validators? hmmm
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tunsky.eth🔵🎩
@tunsky.eth
Accurate pic of my hopes and dreams LOL
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