if on mainnet that adds some complexity
Shit Punk Says
Oceans of Wisdom
20,635
matching drops
#1553800
2026-10-20 16:15
remember the idea is proposals get voted on but you can direct your eth to whatever one you like
there is another issue
if you distribute the ETH then people have to claim it on mainnet eventually
which I want to
particularly if you let people direct their share directly
has some gas issues if things get large
we could just distribute that % as ETH and use the rest for buyback
presumably in your method
but your method may work too need to think about it
1/ validate and earn $6529
2/ some % goes to pay for network infrastructure in $6529
3/ mints use ETH to buy and burn $6529
i was thinking this
maybe
i was thinking about doing this from the validating but this is cleaner
oh that is interesting
1M 6529 tokens bought back. 100K distributed to proposers to grow the network (e.g. Formosa). 900K burnt
what distribution?
and the only person getting an income in this case is whoever is getting paid to do something
in terms of how much we have to spend
if the ETH is used to buy $6529 it should end up being about the same thing
ah this is my point to consider: they get paid in $6529
ah this is my point to consider: they get paid in $6529
so I thought people would submit proposals to grow the network
sure
like BTC
$6529 is created only by validating
i don't understand this proposal concept
we are not going to run out of tokens
if you burn the tokens then how do you grow the network
it is the stock buyback vs dividend tax story all over again
it is better that the protocol disposes of the ETH without changing people's $6529 balances
I am pretty sure we have ordinary income in most tax systems
if we all get together and sell a meme card to someone and split the proceeds
in fact almost certainly is
whereas a distribution may be
it is more tax efficient because it is for sure not income to you
a is likely more tax efficient unless you can automate the distribution
let me try again
don't understand the question
I think a) is more tx-efficient and without knowing all the tax systems in the world, a) is probably more tax efficient across most scenarios over time
you can:
a) burn it
b) distribute it pro-rate to lots of people
now you have say 10,000 $6529
step 1 you use ETH to buy 6529 tokens
i think it is the same outcome
there is no correct, just tradeoffs
same outcome with extra steps
no you would need to bridge the ETH to 6529 chain and distribute it there or sell for 6529 and bridge and distribute it there
and just buyback on mainnet I think
cleaner to do the small distributions on our chain where cheap
this does not solve gas losses if you are going to distribute 0.00001 ETH to someone
integrate REP and TDH discounted fees
by a factor of "nothing else is even close"
ETH mainnet is the overwhelming amount of NFT liquidity
i dunno, just my guess
so main orderbook probably there?
in which case the ETH will be there
i think NFT liquidity will be on mainnet for a while
guess it is good for the token. do you envision all the liquidity living on Mainnet Ethereum? Or still want an orderbook on 6529?
whereas aggregated it will work
due to gas