What you are proposing is more complex that you make it sound. The effect of locks for treasury withdrawals on the Cardano blockchain economy would need to be deeply analysed. Moreover, a dynamic price would need to be implemented to account for other economical factors; which preferably should be based on non centralised aspects.

Unfortunately to add to sentiment this would hinder progress of growth and of growth within the Blockchain to lock in $1 ADA .. mind you after the recent news of Charles on the advisory board I can say it may pop above that from now on... but reality is truth.. I cannot tell the future. This proposal can be used after we hit 8 USD but for now I cannot lend my voice to this proposal.

That is not how we can keep building, it is already hard enough. What would that mean, developers/projects have no money to pay the bills in the bear-market and in the bull-market they are afraid to invest because they already shit their pants how to get through the next bear?! a 100% nope.

It's a chicken and egg problem. Halting spending in a bear market would lead to a quick downward spiral.

This is covered in the guardrails: TREASURY-01 (x) DReps must define a net change limit for the Cardano Treasury's balance per period of time. Just determine how much ADA can be withdrawn per period. 300,000,000 / 73 Epochs means only spend what we earn.

I wonder if a better mechanism to achieve the goal of this proposal would be to limit the total withdrawl from the treasury on an annual basis to be no more than was added to the treasury in the previous year. Ie. spend no more than the treasury makes.

The proposal is not feasible under an inflation scenario where USD will further loose purchase value. I'm also concerned about treasury withdrawals and would rather propose a mechanism whereas withdrawals are tied to the inflow of funds per epoch.

Another concern I have would be to exempt Project Catalyst spending from this requirement. I would definitely be cutting the amout Catalyst can spend in a bear market, and possibly in future funds.

I like the intent, and spending from the treasury during bull runs makes the most sense to get value for ADA. It does cause issues when we want to move forward with key development more than 1 year in every 4. Proportional income % spend would be better.

Why specifically USD? We get into fiat-favourtism if we start enforcing rules like this, and potentially long-halting spending. ADA is its own currency, no other government I'm aware of limits their spending based on the spot values of other currencies.

There is genuine concern for the treasury behind this proposal. I share the concern.The linkage to 1 USD is an arbitrary (more psychological one) choice. Better rationale is needed. Smart contract does not exist. As it stands now, I would not vote for it.

The intent here is good, but we will probably have a few more Catalyst Fund rounds where ADA is still below $1; Fund 13 almost certainly. Waiting on a better USD valuation to spend on dev seems like a net loss when funded projects might drive adoption.

This sets a precedent that can be looked at as prudent, the issue is what if thre is a necessary expense on the admin side, we most likely will have administrative professionals working full time keeping things organized.

Why should we make us dependent on any FIAT currency ?

At first glance this seems like a decent idea, but it creates an issue where it may slow down innovation as the market falls. Also, the dollar devaluation may mean that we could put ourselves in a situation where funds are inaccessible for a long time.

I don't quite agree. Values will change over time and we need a better incentives for devs to value ADA more.

Let us assume that the US continues to print money and devalue the dollar. Since this is the current trend, and has substantially accelerated in the last decade, this proposal likely have the opposite of its intended limiting effect as the dollar declines.

I believe this is a very mature solution for the ecosystem. It helps companies and individuals hold ada and use that ada for projects without money depletion