{ "@context": { "CIP100": "https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#", "hashAlgorithm": "CIP100:hashAlgorithm", "body": { "@id": "CIP100:body", "@context": { "references": { "@id": "CIP100:references", "@container": "@set", "@context": { "GovernanceMetadata": "CIP100:GovernanceMetadataReference", "Other": "CIP100:OtherReference", "label": "CIP100:reference-label", "uri": "CIP100:reference-uri", "referenceHash": { "@id": "CIP100:referenceHash", "@context": { "hashDigest": "CIP100:hashDigest", "hashAlgorithm": "CIP100:hashAlgorithm" } } } }, "comment": "CIP100:comment", "externalUpdates": { "@id": "CIP100:externalUpdates", "@context": { "title": "CIP100:update-title", "uri": "CIP100:uri" } } } }, "authors": { "@id": "CIP100:authors", "@container": "@set", "@context": { "name": "http://xmlns.com/foaf/0.1/name", "witness": { "@id": "CIP100:witness", "@context": { "witnessAlgorithm": "CIP100:witnessAlgorithm", "publicKey": "CIP100:publicKey", "signature": "CIP100:signature" } } } } }, "body": { "comment": "While I support Tax Cuts to the United States Federal government, I do not support tax cuts at this time for Ada transactions. Firstly, Ada does not have bureaucrats laundering transaction money to themselves. We have very little corruption, because of the automated nature of this software. There is one formula which sends a portion of every transaction fee to the treasury. The treasury is controlled by We The Holders. The treasury will fund updates to this software forever. At this early juncture, We must ensure that the treasury grows at the current rate. Ada is still very cheap in comparison to the prices of peak bull run, and into the long term future. I can see tax cuts then, but not now. Your point of \\\\\\\"At higher ADA prices, the treasury retains substantial purchasing power even with a reduced cut\\\\\\\", inherently confirms that this cut slashes the purchasing power of the treasury in half, at a time when Ada is just barely over 20 Billion $ market cap. We should keep the tax where its at, which is still low and fair for all, so that the treasury grows twice as fast as it would if we slash it in half. Then if we achieve a 10x in market cap, the treasury will be substantially larger. At that time we can consider tax cuts. PS. Looking forward to a Midnight and Bitcoin partnership <3 PSS- Thank you for delegating to me!" }, "hashAlgorithm": "blake2b-256" }