Proposal Details
Participate in discussions and decision-making processes guided by community governance.
Implement a Constitutional Bar to the Treasury Burning Ada
collin_mav100
Abstract
Constitutionally limit the treasury against actions that burn Ada governance coins.
Motivation
This action would show a complete lack of understanding of the purpose and power of this blockchain.
Rational
The goal of the Cardano Blockchain and our governance bodies should be to use this technology to free communities from fiat manipulation. Burning tokens to "raise the price of Ada" shows a complete lack of vision. It demonstrates that we measure our success by the amount of fiat we can attract. This is explicitly antagonistic to our core mission. The reason we need to make this a constitutional guardrail is to make sure an entity cannot purchase enough voting power to implement this policy.
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