1d ago
this is a textbook example of how great tech gets ruined by terrible economics and captured governance while the rest of the ecosystem focuses on sustainable models, $EGLD's proposal doubles down on massive inflation, calling it "growth." it's a fundamental misunderstanding of value accrual, funneling newly minted tokens away from the community and towards insiders no amount of scaling tech can save a project from a broken economic model fundamentals always win in the long run, especially for building a real defi ecosystem
The proposal for EGLD passed; no surprise, given that most voted with their feet instead! This is how to ruin a crypto with great tech through terrible governance & economics When most try to reduce inflation, EGLD is increasing it & calls that "growth"
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