Funnily there’s one (successful) eth - right? And in the btc vs ltc comparison there’s possibly one clear winner too..?
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both ETH and SOL burn tokens at their core. Vitalik wrote a piece on it, he finds it a necessity for various reasons.
Solana actually burns 100% of it’s base chain fee, go figure
Thinks Blockchain is a good design
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you have an alternative?
There was the idea of a sharded by design network out there at some point - something with xor routing…
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blockchain works perfectly fine, start talking when there’s a real alternative, out in the wild, tested and attacked various times without a double spend.
The alternative needs to be 10x faster and more user friendly compared to chains in 2025 for it to have a chance at gaining momentum
dident it have no gas fees as well?
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Yeah let’s prevent this network from going for it’s initial proposal because Blockchain works so well
As I suggested in discord - just drop the entire utility think and go for meme on some random chain
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That would be revolutionary - better to stick with proven solutions and try to be a successful copycat - but maybe we better go for L4 due to Blockchain fees… That aren’t an issue anyway because of Blockchain scaling that solves it
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meanwhile internet capital markets is becoming a real thing, on a blockchain, imagine.
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No - was weeks ago
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Not going to lie I think that’s where we are headed 
we get told things like “we don’t want to make the emissions to complex by adding lots of rules” then they add new rules to the token 
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The data is the valuable thing, the token is irrelevant at this stage. Even if it goes to zero the network will still be there, at least I won’t turn off my nodes while the network is running.
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Okay, we’ll play in your fictional world with 1 Autonomous Network used by all of humanity. Here’s what will happen in 10 years if it turns out that 2% burn is bad - the good Swiss regulator will call the Foundation and tell them “2% is bad, Riddim was right, use the smart contract key you used to turned on that 2% to turn it off”. Problem solved.
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Burn is an opposite of emissions. One inflates supply and gives it to node operators. Other removes supply and takes it from node operators. I personally do not like emissions at current rate, they are way too high and accelerated price collapse. 2% burn makes no purpose, just increases complexity of the project. It looks like pump scheme, to promote the project. Real impact in the near future is close to 0. The only case where 2% is significant is, if there is worldwide mass adoption and people are not holding ANT token as an investment, but rather just buying it and spending it instantly. In such case, ANT token would have low market cap but huge upload rate. That is the only case where 2% burn would make significant difference.
But I think, more expected scenario is, that large % of tokens will be held by investors and speculators. In such case price of ANT will grow significantly with adoption of network. Since we expect the cost of upload to be fixed to Fiat hardware costs increased price of ANT would mean people will have to spend much smaller amounts of ANT thanks to its increased price. So the actual velocity of spending of ANT for storage will likely still stay low and that burn rate of 2% will have very little effect on total supply.
I do not like it, but there are many other things that I do not like in this network tokenomic’s model. But I am the last one to reject it or fight against it. Everything about this network is novel, there are many assumptions and hopes, which are starting to clash with the reality. So I am not going to judge, I see this team is capable to evolve, to change, to accept that something does not work.
Maybe it is brilliant, maybe it is cheap hype machine. Future will show and I am sure, it will be modified if necessary.
Btw, why to burn only 2%? Why not to burn 100% first year? Right now nodes are mostly paid from the emissions anyway;) That would be much cooler pump scheme to promote;)
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Lets be clear talking of blockchains burning is not the same as a pure utility token burning.
Blockchains are the product and as such have economics specifically to do financial things differently to attack people to buy it.
Autonomi has data storage as its product. It is not trying to become yet another blockchain financial system.
Talking of blockchains doing burning or inflation does not support the insane idea of burning the token at ever increasing rates as people use the network more.
Obviously it was suggested to the team to include as a way for those people suggesting it to potentially have insane wealth from their millions of tokens hoard that in 15 years become a large %age of the total supply.
Remember the burn is on tokens spent to upload. So if 500 million tokens are spent a month, then its 10 million burned, 120 million and increasing per year. Does not change if the total supply is 1.2 billion or 600 million.
And bringing in emissions need balancing, then read the first posts by me. Its a red herring and will do swat since the burn will really kick in years away and emissions will be nearly finished.
In any case if emissions need balancing then just reduce emissions duh
Where is the problem, they have a private key to change the contract with… If your hypothesis is correct and 10 million tokens are burned in 1 month, they will remove the 2% burn…
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Why put it in. It does not help Autonomi, only the bag holders
Autonomi is not a blockchain financial product where the token is the product. For blockchain projects then its entirely different discussion
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Once again, the bag holders are giving virtual loans to everyone who is actively using the network. Their delayed gratification adds value to the system in this way, causing more and more people to add nodes as the price increases. Burning is an indirect reward for this service that the bag holders are performing.
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