In my opinion, it's time to end ATOM inflation. ATOM's inflation was not a bad decision - it helped secure the network, bootstrap validators, and lock up the supply. At the time, it was necessary to start Cosmos. But many other chains get similar benefits for a much lower cost. The truth is, so much has been invented since ATOM was created - Proof of Authority, on-chain censorship resistance, and social governance. At 10% inflation, ATOM is printing around $200m in tokens a year. From our analysis, over 60% of staking rewards are sold. This results in a structural sell pressure of over $120m a year, likely much higher. Based off this logic, there is MASSIVE buy pressure on ATOM counteracting this and keeping it at a $4-5 range this year, and in my opinion Cosmos will be much more successful if it isn't bogged down by the inflationary pressure. I would suggest doing it slowly, and additionally capping the supply at something that gives inflation time to ease off - E.g. a cap at...
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