MetaDAO co-founder has publicly shared his stance against the SIMD-0228 proposal, advocating instead for a focus on dynamic base fees for Solana. He explained that he previously supported SIMD-0096 because it addressed necessary economic changes, such as adjusting Solana’s inflation, which he believes needs to happen to ensure sustainable network operation. He emphasized that the costs of operating the network should be justifiable, with a focus on measurable factors like the cost per byte.
1/2 – SIMD-0228
So I’ve been absent from the conversation. And figured I’d publicly provide my perspective that I have been sharing privately. I encouraged the YES vote on SIMD-0096 because any changes to economics required removal of any downstream parameters to fix things…
— Nallok | ????⚙️ (Hiring!) (@metanallok) March 7, 2025
The co-founder argued that Solana’s network, which facilitates significant economic activity, should be managed by capable individuals, and that decentralization should be maintained without “gatekeeping access”.
He believes the ideal approach should involve defining clear requirements for validators, potentially involving a small set that can handle global operations, such as supporting major stock exchanges across various continents. Over time, this validator set may grow but should still be flexible enough to scale.
He also highlighted the importance of blockspace, viewing it as a valuable commodity. He believes that Solana’s technology should scale, with the base layer becoming cheaper over time, similar to the growth of the internet, where the cost per byte decreased as usage and value grew. This, he argues, should be the economic model for Solana, with validators able to attract stake by running efficient trading strategies.
He explained, “Cost per byte has gone down, consumption up, and value created on top massively increased. This is the end state economics we should model. Operating a validator will go this route in my view, there’s nothing stopping it because it’s just fair market at play.”
The co-founder also expressed concerns about the SIMD-0228 proposal’s focus on inflation, suggesting that inflation should be controlled through direct stake payments instead. He believes that the proposal’s impact might not be as significant as expected and recommends reducing its scope to half while allowing for adjustments in the future based on long-term data. Ultimately, he believes the focus should shift towards dynamic base fees rather than an inflationary model.
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