I’m really concerned about the unilateral decision by the IOTA Foundation CEO to increase the token supply by 60%. This is a huge change and it could have a dramatic effect on the value of the token. I’m worried that this could lead to a lot of drama in the IOTA community and I’m not sure if it’s the right decision. Has anyone else heard anything about this? What do you think about it?
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Doesn’t sound decentralized at all if this decision can be made unilaterally – I feel bad for the community and those who continue to buy into this
DUMP IT
More decentralization theatre from a project bypassing governance. If it makes sense and you respect your community theres no reason this cant go to a vote
That is crazy and goes against the decentralisation that crypto is advocating for
So even a crypto printer can go brrrr.
Thats one bold move for a CEO of a project. This will certainly enrage and distance the community.
IOTA has always been a cash grab. Totally centralized sql database managed by a company pretending they’d become decentralized.
Now 6 years later their “step to decentralization” means picking a few friends to also run the chain while printing themselves $200M in tokens. If you buy or hold this you genuinely are a fool and those tokens will be dumped on your head.
Printer goes brrrr…
The USD experience – brought to you by IOTA
That’s really too bad. It was a promising technology.
Luckily got away even if it’s a bit too late
Why are so many of these projects with great tech so intent on inflating their supply so badly? It really discourages investors
Seems to be the thing to do these days, spend a few years with a “fixed supply” and then suddenly have a fixed vote to change it. Bunch of scams I say
I am usually against futures but shorting IOTA right now feels like free gains.
…and this is why decentralization matters (and tokenomics too). Beginners are well advised to heed this principle.
I’ll certainly keep this example loaded and ready for whenever someone is arguing centralized blockchains.
That’s what I call a total asshole move, the staking part to force holding it’s terrifying.
someone build an ark for all this flooding of iota!
I hope the Bitcoin CEO doesn’t do this one day.