Dear Pyrin community members and investors,
The recent proposal regarding a hard fork of the Pyrin blockchain to allocate 30,000,000 PYI tokens raises many questions, especially about the impact and relevance of such measures for our project. I wish to express my reservations and explain why this strategy might prove to be counterproductive.
**Regarding listing on the top 10 exchanges:** The argument that being listed on major exchanges would increase credibility is highly debatable. Many decentralized projects, such as Kaspa, Tao, and Ergo, have proven that it's possible to achieve significant visibility and ensure liquidity without resorting to costly listings. These projects have innovated with community approaches, like crowdfunds, showing that there are viable alternatives more in line with the spirit of decentralization.
**On expanding the research and development team:** It's surprising to note that, despite numerous offers of help from the community, these proposals remain unanswered. Opening GitHub to community contributions would be a logical step, thus facilitating development through a collective and transparent effort, in line with the principles of open source.
**Regarding marketing:** It's questionable whether a decentralized and fair launch project, which has successfully developed without pre-mining, suddenly needs to compromise its values to gain notoriety. Marketing should not take precedence over the fundamental principles of transparency and fair community participation.
**Regarding the increase in liquidity:** The argument that increasing the circulating supply would increase liquidity is fundamentally flawed. Liquidity depends on how easily assets can be bought and sold without affecting their price, not on the total number of tokens in circulation. Moreover, increasing the supply tends to dilute the value of existing holdings, contrary to the claim that this would benefit the community.
**Additional point on the increase in supply:** Introducing new tokens through minting, especially after the team gained an initial advantage due to the absence of mining or a reduced number of miners, raises questions of fairness and value for long-standing participants.
In conclusion, while the intention to fund the development and growth of the Pyrin project is understandable, the proposed methods seem to stray from the principles of decentralization and equity at the heart of cryptocurrency. It is crucial to reconsider this proposal, taking into account the fundamental values of our community and exploring alternatives that do not compromise the integrity or value of our project.
Sincerely,
So, whether you agree with me or not, please go vote #voting
https://discord.com/channels/1125779071448653928/1227354505444855868/1227905750706163743I only have bitcoin talk to express myself because if you express your disagreement thoughtfully on telegram or Discord as I currently do, the moderators ban.