Improvement of abuse burning mechanism

[zkbeats]

Abstract

Based on our statistics, the current miner's emission burning situation as follows:

42 Subnets: No burning.

3 Subnets: Miner's emission burning ratio between 10% and 30%.

5 Subnets: Miner's emission burning ratio between 40% and 50%.

6 Subnets: Miner's emission burning ratio between 60% and 70%.

9 Subnets: Miner's emission burning ratio between 70% and 80%.

1 Subnets: Miner's emission burning ratio between 80% and 90%.

4 Subnets: Miner's emission burning ratio between 90% and 95%.

5 Subnets: Miner's emission burning ratio between 95% and 99.99%.

53 Subnets: Miner's emission burning ratio is 100%.

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Motivation

Many subnets have had their emissions burned for months, yet the Owner and Validator continue to receive rewards.

Because the Owner's interests are not affected by the burning of the Miner's emission, the Owner teams are showing very slow progress in project development.

If the goal is to alleviate sell pressure, the burning should not solely target the Miner's emission.

[ppolewicz]

Please go read the #i-see-dead-subnets channel on Church of Rao. This was discussed there at length, >3000 messages.

TLDR: it's not so easy - if it was, this would have been done already

[zkbeats]

If there is no good solution, it is recommended to remove the current burning mechanism first.