| 21 Nov 2020 |
|  Jasson (Telegram) joined the room. | 11:11:41 |
|  Zilya (Telegram) joined the room. | 11:13:47 |
 Tamara Frankel (Telegram) | In reply to Eric (Telegram)
Referendum #16 is up for voting:
https://polkadot.js.org/apps/#/democracy
(Voting ends in 1 day 5 hours) alright guys, voted. looks like this will pass without any major incident but never know what could happen at the last minute | 11:23:22 |
 Ronald (Telegram) | Why do you want this to pass? | 11:25:57 |
| Ronald (Telegram) | 8 KLP for miners is too low at this point | 11:26:08 |
| Tamara Frankel (Telegram) | we need radical change at this point | 11:27:20 |
| Ronald (Telegram) | It would be way better that it gradually goes from 24 tot 20 tot 15 | 11:27:34 |
| Ronald (Telegram) | In reply to Tamara Frankel (Telegram)
we need radical change at this point A change for what? What do you think it will do then? | 11:28:03 |
| Tamara Frankel (Telegram) | everyone complains that the miners dumping are ruining the network- let’s see what it does. Miners will be break even and only really kulupu enthusiasts vs the chinese for profit shadow mining pools | 11:28:37 |
| Ronald (Telegram) | Miners will leave this way. Cost for electricity. 10klp is just too low at this point | 11:28:54 |
| Tamara Frankel (Telegram) | it could be disastrous as well, which in that case, we can make a new referendum and change it to attract new participants | 11:28:55 |
| Ronald (Telegram) | In reply to Tamara Frankel (Telegram)
everyone complains that the miners dumping are ruining the network- let’s see what it does. Miners will be break even and only really kulupu enthusiasts vs the chinese for profit shadow mining pools It is not us early miners dumping. It's that bigger farms | 11:29:24 |
| Tamara Frankel (Telegram) | i know | 11:29:29 |
| Tamara Frankel (Telegram) | the early miners were mostly enthusiasts and there is a shadow pool in china that also has a shadow Arweave mining pool that’s doing most of the mining and dumping | 11:30:04 |
| Ronald (Telegram) | So a gradually lowering over time would be way better | 11:30:13 |
| Ronald (Telegram) | In reply to Tamara Frankel (Telegram)
the early miners were mostly enthusiasts and there is a shadow pool in china that also has a shadow Arweave mining pool that’s doing most of the mining and dumping I know | 11:30:28 |
| Tamara Frankel (Telegram) | this could shake these people out of the network as well as rebalance it. Maybe after some time we can increase it again | 11:30:43 |
| Tamara Frankel (Telegram) | but this is also just my opinion | 11:30:51 |
| Ronald (Telegram) | But do you think that farm will leave if it goes to 10klp? | 11:30:55 |
| Ronald (Telegram) | I don't think so to be honest. | 11:31:32 |
| Tamara Frankel (Telegram) | Potentially bc they only mine for profit | 11:31:48 |
| Ronald (Telegram) | In reply to Tamara Frankel (Telegram)
this could shake these people out of the network as well as rebalance it. Maybe after some time we can increase it again So we keep changing rewards? Mmz I don't like that idea. | 11:31:57 |
| Tamara Frankel (Telegram) | It's pretty cut and dry for them | 11:31:58 |
| Tamara Frankel (Telegram) | But let's see | 11:32:03 |
| Tamara Frankel (Telegram) | In reply to Ronald (Telegram)
So we keep changing rewards? Mmz I don't like that idea. Yeah I mean this chain is like no other | 11:32:11 |
| Tamara Frankel (Telegram) | It's so experimental | 11:32:14 |
| Tamara Frankel (Telegram) | And we have already changed the rewards so many times | 11:32:22 |
|  •KaosOne•#9468 joined the room. | 11:32:23 |
| Tamara Frankel (Telegram) | It's like they aren't sacrosanct anymore | 11:32:33 |
| Ronald (Telegram) | Reward has only changes once | 11:32:35 |
