I see this wasn’t posted here yet. Last weeks Stacks Improvement & Innovation call on X:
https://x.com/StacksOrg/status/1854916148761882903
From about 16 min. into the call Brittany address some of the questions here and additional ones that came up during the space. I thought it was insightful, even after already listening to the call a week earlier that also focused on explaining the content and urgency of this SIP.
On telegram I see investors/traders who have some doubts about the need because we’re in a bull cycle and prices are going up. Is it really needed? We won’t know, and when we do know it may be too late. I see this as a precautionary measure.
I’m uncertain if this SIP is entirely necessary. My main concern is its potential impact on trust, especially since we need to put this through a vote relatively quickly. However, the activation criteria are not exactly lenient: SIP029 requires an 80% majority “Yes” vote and a minimum of 80 million Stacked STX to be voting. Miners vote by mining in and past the voting period. If we meet those conditions, even if not everyone is fully aware of the vote, it should still give us a good sense of how Stackers and Miners view the proposal. Admittedly, this feedback would come primarily from the most active participants, but they are generally the best-informed and likely representative of the community’s core sentiment.
I think miners and stackers are likely to vote for this proposal because it keeps their rewards more predictably: ~as they were.
Short term traders may prefer a halving to reduce inflation in the short term.
But if sBTC doesn’t get the runway it needs, that could be a huge problem for the growth of Stacks. That is why I am in the yes camp. It is very important we get as much sBTC in Stacks as possible. Getting BTC capital in Stacks and being able to use it in smart contracts, existing and yet to be invented protocols, that will fuel the bitcoin economy.