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Path to solutions
There are many ways to counteract the current inflation rate with #TRX
.
Currently: we’ve taken one step in the right direction. But, we can surely do more.
Parameter #19 - Modify the total energy limit from 100b to 90b
Continue: #TRON
Path to solutionsThere are many ways to counteract the current inflation rate with #TRX
.Currently: we’ve taken one step in the right direction. But, we can surely do more.
Parameter #19 - Modify the total energy limit from 100b to 90b
Continue: #TRON
In this thread I’ve written multiple ways parameters can be changed to decrease the inflation rate of #TRX and get us in the direction to go deflationary.
Remember, we must be careful here and realise the levers affect the entire ship. #TRON
and get us in the direction to go deflationary.Remember, we must be careful here and realise the levers affect the entire ship. #TRON
Parameter 1 - modify the cost of applying for SR account
Effects of increasing: Less grass-root SR applying to run for election for the top 27, more #TRX burned from SR account creation
Lets be real: It’s nearly impossible now to be elected by the community for grass-root ops.
Effects of increasing: Less grass-root SR applying to run for election for the top 27, more #TRX
burned from SR account creationLets be real: It’s nearly impossible now to be elected by the community for grass-root ops.
Currently parameter 1 cost is too low, new SR’s now are being created to buy-in positions by self-staking or backed by financial enterprises.
The cost is currently undervalued (9,999 #TRX), as SRs reap an immense amount of rewards to pay for the SR account creation.
The cost is currently undervalued (9,999 #TRX
), as SRs reap an immense amount of rewards to pay for the SR account creation.
Parameter 2 - Modify the account creation/activation fee (.1 #TRX ) - which has currently burned 690,312 #TRON
Effects of increase - Less acc. created, more TRX burned, accurate data on real-time acc #.
Number crunching is needed, but 3 TRX would have burned 20.7M TRX to date.
) - which has currently burned 690,312 #TRON Effects of increase - Less acc. created, more TRX burned, accurate data on real-time acc #.
Number crunching is needed, but 3 TRX would have burned 20.7M TRX to date.
Parameter 4 - Modify asset creation fee (1,024 #TRX )
Effects of increase - Less tokens created, less scams, more #TRON burned consistently.
This is one I’d be in favor of increasing up to 5x the current cost. Creating tokens has a vast amount of benefits and also responsibility
)Effects of increase - Less tokens created, less scams, more #TRON
burned consistently.This is one I’d be in favor of increasing up to 5x the current cost. Creating tokens has a vast amount of benefits and also responsibility
Parameter 5: Modify SR Block reward(16 #TRX per block)
This proposal goes hand in hand with Parameter 6: Rewards given to the top 127 SR/SRP’s
Let’s start with p5 effects of increase: smaller voters would reap more rewards / increase inflation
Currently inflates: 459k TRX/d
per block)This proposal goes hand in hand with Parameter 6: Rewards given to the top 127 SR/SRP’s
Let’s start with p5 effects of increase: smaller voters would reap more rewards / increase inflation
Currently inflates: 459k TRX/d
This is how we counteract increasing block rewards - by lowering voter rewards (p6) which inflates (4.6m/d #TRX )
Effects of decrease: Lowers inflation drastically, less $TRX staked
Increasing block rewards and decreasing voter rewards will decentralize the mint of new #TRON
)Effects of decrease: Lowers inflation drastically, less $TRX staked
Increasing block rewards and decreasing voter rewards will decentralize the mint of new #TRON
Parameter 11: modify the fee of 1 energy (.00001 #TRX )
Effects of increase: More $TRX burned, Less transactions of TRC20, less divs on tokens like #DICE, #WIN, etc.
Ideally this parameter is a lever that needs serious discussion/number crunching on.
)Effects of increase: More $TRX burned, Less transactions of TRC20, less divs on tokens like #DICE, #WIN, etc.
Ideally this parameter is a lever that needs serious discussion/number crunching on.
Parameter 19: modify the total energy limit (90b #TRX ) currently on average energy consumption (roughly 45b - recent ATH 76b: recent ATL 17b)
We should consider finding equilibrium in setting supply closer to demand. (Rough estimate 80b)
) currently on average energy consumption (roughly 45b - recent ATH 76b: recent ATL 17b)We should consider finding equilibrium in setting supply closer to demand. (Rough estimate 80b)
Small changes that can be done to counteract inflation:
p.22: Modify fee to update account permission (100 TRX)
p.23: Modify the fee tor multi-sig
(1 #TRX)
p.22: Modify fee to update account permission (100 TRX)
p.23: Modify the fee tor multi-sig
(1 #TRX
)
[Thread summary] Overall there are many things that can be done but to do it, we need dialogue.
cc: @MikeNerdUK @WLFOFMYST @udiWertheimer @justinsuntron @BitGuild @TronWalletMe @SesameseedOrg @TronSpark @_CryptoChain_ @CryptoGuyInZA @team_tronics @Tronfoundation @BitTorrent
cc: @MikeNerdUK @WLFOFMYST @udiWertheimer @justinsuntron @BitGuild @TronWalletMe @SesameseedOrg @TronSpark @_CryptoChain_ @CryptoGuyInZA @team_tronics @Tronfoundation @BitTorrent
