This is an address to Jae.
Jae, I know you are probably very upset right now as Prop 848 didn’t go your away. Leadership slips from a man when he is not leading his people in the right direction. People can suffer for a goal, but they can’t suffer forever. Once all the tactics are exhausted, people start to question the strategy (the goal) and that is when a leader gets sidelined. This routinely happens in the world and has always happened. A leader can then exit gracefully or ungracefully. My grandfather didn’t give me a lot of advice but the one that he did give me was “Don’t burn your bridges”. For you, this is the type of situation where you want to exit gracefully and you don’t want to burn your bridges.
Economically, one has to always ask himself the question - would I rather be 100% owner of a $1 million business or 1% of $1 billion business. Financially, Option 1 of being Big Man in Your Own Pond is $1 million in the bank account, and Option 2 of being 100th man in Stalin’s army is $10 million in the bank account. Ego can be a pretty expensive characteristic! In your case, you have a very engaged community that wants to take your product to the next level into the mainstream and in front of a broad audience for which simply you may not have the vision and skills to pull it off. You may have the vision but not the skills. In other words, you will make a lot of tactical mistakes that will prevent you from achieving your strategic vision. Everybody wants to conquer the world, there is this tiny problem with winning the next battle. Aaaah, details. In a sense I view you like a Steve Jobs who couldn’t for the life of him figure out why would anybody need a bigger than 3 inch screen for the iPhone. It took a Tim Cook to take the iPhone mainstream with 6 inch screen. Great founders tend to be very quirky (since they are very intelligent) but their very intelligence doesn’t allow them to think like street noob, and as a result they can’t do what’s obvious to the man on the street. Stalin says “quantity has a quality of its own” and quantity over time tends to win out over quality. The 3 inch phone turns into a 6 inch Phone because that is what people want.
I know you want an ATOM token without monetary characteristics but you simply can’t run a decentralized computer network (blockchain) with such a token, as your network’s experience clearly shows over the past 4 years. So your ATOM monetary policy design has to be changed to where your troops (the validators) don’t get decimated by economic reality.
Your creation of and contributions to The Network are highly valued and your continued participation with The Network is very highly valued. A strong conservative voice is absolutely needed to this network to reach 1 billion people because the technology has to be on strong technical footing which is your primary expertise. Nobody wants you to you leave and you shouldn’t leave. Everybody loses battles. Ethan lost his battle last year. You lose it this year. There are a lot more battles to be had, battles that should be had because in the battle is where the TRUTH is discovered. In the battle between the future (progress) and the past (tradition), the present is formed. If you back away from the battle, you back away from the Truth and we are all here searching for it.
Cosmos Hub is in almost 3rd place as a Hub behind Osmosis and Axelar now. Axelar will overtake it next month. ATOM’s monetary policy design was actually being an impediment for your stated goal of ATOM being the top hub of the Cosmos ecosystem. It is “secure” (as in secured by your crew) but if nobody is using it what’s the point of that security? You are a ronin. A samurai without a master. Whether the bonding ratio is 66% or 65% doesn’t really affect the security profile all that much. Many blockchains have absolutely no issues with 50% bonding ratios (see Polkadot). The Hub needs to get back on track get back to the top spot in the Cosmos ecosystem and for that some tactical changes need to be made.
Before you make any rash decisions, I would suggest giving it some time (6 months) to see how the new monetary policy works and at that point once we have some more information we can discuss the monetary policy issue again. There is absolutely no reason for rage quitting here. If you want to be a Stalin, you need to be able to take hits. Big hits. If you want to be a Christ, don’t forget that before his deification Christ got nailed to the cross by the Roman soldiers and none of the Praetorians blinked an eye when doing it. Jesus Christ doesn’t live in this world 