Lightspeed Why Solana’s Inflation Proposal Didn’t Pass | Weekly Roundup
Mar 18, 2025
This week dives into the intriguing failure of Solana's SIMD 228 inflation proposal, shedding light on governance challenges and the need for better communication. The discussion critiques the pitfalls of rapid systemic changes and emphasizes collaborative governance solutions. Listeners will learn about Solana's relationship with Ethereum, highlighting competition and the importance of scalability. The hosts also explore the evolving attitudes toward blockchain technology and its implications for financial innovation.
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SIMD 228 Vote Fails
- SIMD 228, a proposal to adjust Solana's inflation, failed to pass.
- The vote fell short of the required 66% supermajority, leaving the existing inflation curve unchanged.
Mert on SIMD 228's Failure
- Mert Mamtaz wasn't surprised by the SIMD 228 proposal's failure, even voting yes despite potential negative impacts on his company, Helios.
- He expresses disappointment in the rushed and contentious process, criticizing the lack of constructive discussion.
Flawed Arguments Against SIMD 228
- Mert points out flawed arguments against SIMD 228, like prioritizing "systems thinking" over iterative changes, and demanding unrealistic levels of data for predicting complex system effects.
- He also notes personal attacks and accusations of self-interest against Multicoin, diverting attention from the proposal's merits.