Following the voting outcome of the Cosmos Hub community, Cosmos founder Jae Kwon calls for an alternative route other than the outcome of the vote.
The Cosmos Hub community voted to reduce the maximum inflation rate for ATOM with 41.1% support and 31.9% against. This implies that ATOM’s current inflation rate will be reduced to 10% as the proposal was to lower the inflation from 20% to 10%, alongside, the annual staking rate will go down from 19% to 13.4%. However, the founder in a tweet wrote that he would like to coordinate a split instead.
Jae Kwon opened a document for idea submission from the community in the form of issues.
According to him, the final plan should integrate ATOM and ATOM/ATOM1, the reason being that “instead of mass selling ATOM and collapsing it all, we allow participation from ATOM, but what is in the README can be improved,” he said.
The idea from the founder is to fork “cosmoshub4” to become the current software, and operate with its own plan and development teams which the founder said is “more decentralized than Gaia.” The new network is dubbed AtomOne.
Furthermore, the founder emphasized the importance of logical reasoning, stating that “those who don’t make decisions based on sound logic always end up failing in the end.” Giving an analogy, Jae Kwon mentioned that control over a chain cannot be realized even with over 50% or 68% consensus, adding that “the minority can always self-organize even without your help.”
More intensely, the founder acknowledged that even in the future when the current incident is called, it would be noted that a minority made a decision against a majority and succeeded.
“This conversation will play out over the generations, but it will always be the case that people, even a minority, can exodus and create a better civilization, and will be able to succeed faster than if they had stayed, where failure is the only outcome,” Jae Kwon.
The founder however made a stance that individuals who do not agree can stay behind. However, his idea for ‘split’ isn’t welcome by most contributors and users.
An X user and a Cosmos community member advised he should accept the outcome of the voting as it is part of governance/democracy. Another user questioned the point of having a decentralized system if it can be turned when the outcome doesn’t go accordingly. However, the founder stood firm in his conviction for a fork instead of going with the outcome of the vote.
On a final note, Jae Kwon said AtomOne will work towards the hub from itself and wouldn’t be left to fail. “The best case scenario is that we also influence the hub toward safety and clarify its new role.”
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