Temperature Check - [Fee Switch V2 should be turned on]

Buying and burning seems like the best viable option. Success in this model can also be seen with EIP-1559 on ethereum where high usage benefits the whole platform. I am unsure why anyone would want an “earn” model; doing taxes on lots of small values going into a wallet seems like a nightmare for the user.

Also, there is a lot of talk about lawyers; but there is no industry wide regulator clarity at the moment. So I highly doubt we will get a clear answer for the foreseeable future. I also doubt a buy and burn mechanism would cause concern as it is protocol focused, very much like ethereum.

I support a fee switch on V2 that is minimal and easy to implement with low hassle to the user.

3 Likes

Agree. Buy and burn is probably the easiest implementation I think.

Agree. Buy and burn is probably the easiest implementation I think

1 Like