Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
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Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
Solana Insiders Wanted to Reduce Inflation, but It Failed. Here’s What the Proposal’s Author Thinks - Ep. 800
Unchained
46 minutes
9 months ago
Solana Insiders Wanted to Reduce Inflation, but It Failed. Here’s What the Proposal’s Author Thinks - Ep. 800
The Solana ecosystem just completed a critical governance vote. SIMD-228, a proposal to tie Solana’s inflation rate to its staking participation rate, was put forward by Multicoin Capital and Anza, but despite a majority voting in favor, it failed to meet the required supermajority to pass.
Tushar Jain, co-founder and managing partner at Multicoin Capital, who co-authored the proposal, joins the show to discuss:
Why he believes the proposal was necessary
Whether inflation is too high for Solana’s long-term health
If some validators voted against their own interests
The silver lining of the governance process
Why a smaller proposal focused on fee sharing did pass
Whether Multicoin Capital will resubmit a revised proposal
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Mantle
Guest
Tushar Jain, Co-founder and Managing Partner at Multicoin Capital
Links
Unchained: Proposal to Cut SOL Inflation by 80% Fails After ‘Close Call’
SIMD Vote Status
Kayuza’s tweet
Timestamps:
🤝 0:00 Intro
🗳️ 3:09 Why Solana’s inflation rate was initially an afterthought
💰5:20 Why inflation became untenable
⚙️ 6:23 What does it take to right-size inflation for Solana
⚙️ 7:18 How SIMD-228 would have worked
🤯 11:00 Why Tushar “does not want to bet on people being dumb”
💰 15:48 How this could have strengthened DeFi on Solana
😕 17:49 Why Tushar was disappointed with the outcome but sees a silver lining
📚 19:49 Could the vote have been fairer?
⚖️ 22:06 Whether smaller validators would be unfairly hurt by SIMD-228
🔐 27:37 Does Solana pay too much for security?
📈 27:55 Would this have boosted the price of SOL?
✔️28:19 Whether validators should ask stakers how to vote
✅ 30:13 What the passing of SIMD-123 means for the network
🔄 32:40 Will Multicoin resubmit the proposal?
📰 34:50 News Recap
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Unchained
Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world. Disclosure: I'm a nocoiner.
