I strongly believe that a new Policy regarding forks and emissions must be adopted. While the previous “Hardforking Policy” text from 2019 is referencing Hardforks (After-Launch Thoughts and Ergo Roadmap | Ergo), this needs to be made clear with us now exploring re-targeting of emissions.
Below is the rough example I wrote to show what I mean. Please critique and alter in anyway you see fit. Anything not in “quotes” describe my thought process and are not in my example Policy text.
I believe the policy should highlight Ergo’s long-term evolutionary design.
" Ergo’s Adaptability and Long-term
•Ergo is a self-amendable decentralized network, where proposals can be introduced and changes approved via miner voting. Ergo is, by design, innovative and proactive, as opposed to stagnant and reactionary.
•While Ergo is focused on long term survivability, voting is structured to avoid network fragmentation stemming from unresolvable or outdated disputes.
Thus, voting requirements are limited and rather conservative in nature, requiring an overwhelming majority of miner support in a limited timeframe for approval: Voting for a softfork proposal lasts for 32 epochs (32,768 blocks ~ 46 days) and 90+% of node support is needed to activate the protocol upgrade."
The policy should also highlight Ergo’s stance towards Hardforks and clearly define what cannot be changed via soft forks. Some may know that soft forks don’t change original contract, but many do not and this needs to be made clear. More defining of re-emissions are needed imo & I again would like everyone’s critique and help here.
"Hardforks and Tokenomics Policy
•Hardforks are considered by Ergo to be unnecessarily disruptive, and even potentially harmful to the network and community. Hardforks are difficult and can lead to unforseen outcomes. This is why Ergo was designed to change and adapt overtime via painless soft/velvet-forks.
•What CAN be changed via soft/velvet-forks-
Block size, block time, network fees (transaction and storage rent), distribution of block rewards to miners securing the network, *+others I can’t think of…?
•What CANNOT be changed via softforks-
Total supply (97,739,925 erg)
Treasury allocation (4.43% erg total supply)
+More I can’t think of…?
•These basics of Ergo’s tokenomics must remain unaltered, as Ergo will never change or be dishonest about Erg supply. Changes made, or lies told to benefit current erg holders/team will NEVER be made at the expense of past buyers/team. Altering total Erg supply is not possible, as it would introduce unexpected inflation or deflation into the system and hurt the reputation of Ergo.
Anybody who says or does otherwise, E.g., an individual promoting a Hardfork to double total Erg supply is referencing a different project, and likely do not allign with Ergo’s core-values."
I love the ethos of this project and I’d hate to see FUD regarding past policies appear, when we have the chance to update these policies now. Also, my example policy helps educate on Ergo’s self-amendable nature. I enjoyed writing this but I know I’m too “wordy”, please contribute or if you think an updated policy isn’t needed, then simply say so! Thanks