[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports / report a bug ] [ 4plebs / archived.moe / rbt ]

2022-06-09: Search is working again.
2022-05-12: Ghost posting is now globally disabled. 2022: Due to resource constraints, /g/ and /tg/ will no longer be archived or available. Other archivers continue to archive these boards.Become a Patron!

/biz/ - Business & Finance


View post   
View page     

[ Toggle deleted replies ]
>> No.28419344 [View]
File: 879 KB, 2466x1382, governance.png [View same] [iqdb] [saucenao] [google]

The problem is that there are massive economic incentives built in actual users of the network being the biggest bag holders...the end game will likely be that only 10-20% of the supply is held by none users of the network who are just passively staking. That means the 80% majority necessary to vote for changes to the network will likely be held by the actual users of the network, not us passive stakers. The good news is that, at that point, those of us who still own LTO will be in a very strong bargining position as we will essentially be one of the primary sources of liquidity and supply...in other words, even if they vote to lower APY, the price they'll have to pay to buy the actual token from us will be within our control.

View posts [+24] [+48] [+96]