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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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Quick takeaways
- The failure of SIMD 228 highlights divisions within the Solana community and emphasizes the need for more collaborative governance efforts.
- Concerns over validator incentives reveal potential biases in voting behaviors, raising questions about the sustainability of decentralized governance mechanisms.
Deep dives
Failure of SIMD 228 and Its Implications
The recent vote on SIMD 228 did not meet the required 66% threshold for approval, achieving only 61% supporting votes. This outcome highlights significant divisions within the Solana community regarding inflation curve changes, which are intended to incentivize revenue generation rather than passive issuance. The failure is seen as a long-term positive by some, emphasizing the importance of unity over forced consensus on contentious issues that could destabilize the network. Additionally, while the status quo remains, it prompts discussions about future proposals that could be better received if tackled with more collaboration and comprehensive data.
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