Monetary Policy Update self.EthereumClassic
Submitted 18 hours ago by snaproll_
ETC Bubbas,
I started doing some drafting of the ECIP for monetary policy and realized that we needed to get this thing airtight in terms of numbers, so I started reworking the spreadsheet used for analysis to enable better results.
I’ve got good news, and I’ve got bad news.
The good news is that I’ve finished re-plumbing the Monetary Policy Analysis / Gaming workbook to enable additional variables for very much improved refinement and also upgraded some of the formulas to add a much, much higher level of fidelity in terms of the outputs, specifically the 50%, 90%, 99% supply dates and the inflation rate date calculation.
The bad news is that because these refinements, I discovered that the original policy suggestions, the 3M and 6M “tithing” models, don’t result in the same values as originally projected, and may not ultimately be the best options.
Here’s a link to an updated workbook with these refinements.
https://docs.google.com/spreadsheets/d/1Fs_RNEPSRJxP22PZmwxWjiulVVcu5Ic1GvBXCPCt9to/edit?usp=sharingI encourage folks to take a look and maybe try a little gaming with the workbook.
I have included two potential production options in the workbook, so named “Option 1” and “Option 2.” I have also written up a brief explanation of these two options, with the point of the brief being to familiarize folks with how to “read” the spreadsheet outputs and calculations.
https://docs.google.com/document/d/1tuTbPue-eudSdeHtEdR1toJupOvKEAfeBDrDowIZLd8/edit?usp=sharingThe green boxes in the gaming tabs are able to be edited to throw in your own inputs, just as before. You should also be able to download a copy of the workbook, if you prefer, to play with offline. I think the only issue with offline viewing is that the graph may not show up if you are using Excel. No big deal though: the Estimated Cap, Hard Cap 50% supply date, 3% inflation date, and to an extent, the 90% and 99% dates, are what primarily matters.
Don’t hesitate to ask questions, if you have any. I’d also appreciate any feedback or opinions, as I’m trying to keep this as open and transparent as possible. I will say that I am confident that this version of the analysis sheet will be able to carry us through to an ultimate decision on ETC’s monetary policy.
