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7215dd0c57 rio: extract from 2024-11-13-futardio-proposal-cut-emissions-by-50.md
- Source: inbox/archive/2024-11-13-futardio-proposal-cut-emissions-by-50.md
- Domain: internet-finance
- Extracted by: headless extraction cron (worker 3)

Pentagon-Agent: Rio <HEADLESS>
2026-03-12 13:33:27 +00:00
3 changed files with 15 additions and 19 deletions

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@ -27,14 +27,11 @@ Proposal to halve the Coal token emission rate from 15.625 to 7.8125 per minute
- **Created:** 2024-11-13
- **Completed:** 2024-11-17
- **Proposal Number:** 1
- **Autocrat Version:** 0.3
## Significance
This represents Coal's transition from a fixed algorithmic emission schedule to futarchy-governed monetary policy. The original schedule called for halvings at each 5% increase in circulating supply, but this was explicitly temporary. By moving to bi-monthly decision markets, Coal is implementing dynamic, market-driven token economics rather than predetermined rules. The proposal passed, indicating market confidence in both the immediate emission reduction and the governance framework shift.
The 50% emission cut addresses the ~110% annual inflation rate that resulted from six previous halvings under the original schedule. The next scheduled halving would have occurred at 7.35M circulating supply; this proposal accelerates that reduction and establishes ongoing governance rather than waiting for supply thresholds.
This represents Coal's first major governance decision using futarchy to manage token economics. The shift from a fixed halving schedule to bi-monthly decision markets demonstrates futarchy being applied to dynamic parameter adjustment rather than one-time decisions. The proposal explicitly acknowledges the original emission schedule was temporary, showing governance evolution in response to market conditions.
## Relationship to KB
- [[futardio]] - governance platform
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related mechanism pattern
- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] - underlying governance mechanism
- [[coal]] - first major governance decision
- [[futardio]] - platform hosting the decision market
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - related mechanism design pattern

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@ -5,20 +5,18 @@ name: "Coal"
domain: internet-finance
status: active
platform: solana
governance: futarchy
governance_model: futarchy
tracked_by: rio
created: 2026-03-11
---
# Coal
## Overview
Coal is a futarchy-governed token project on Solana using dynamic emission rate adjustments through bi-monthly decision markets. Originally launched with an algorithmic halving schedule (emission rate halving at each 5% circulating supply increase), Coal transitioned to market-governed monetary policy in November 2024. The project uses [[futardio]] for governance decisions.
Coal is a futarchy-governed token project on Solana using dynamic emission rate adjustment through bi-monthly decision markets. The project launched with a temporary halving schedule that reduced emissions with each 5% increase in circulating supply, but transitioned to market-based governance for token economics.
## Timeline
- **2024-11-13** — [[coal-cut-emissions-by-50]] passed: Emission rate reduced from 15.625 to 7.8125 per minute, establishing bi-monthly futarchy governance for monetary policy
- **2024-11-13** — [[coal-cut-emissions-by-50]] passed: Emission rate reduced from 15.625 to 7.8125 per minute, establishing bi-monthly decision markets for future adjustments
## Relationship to KB
- [[futardio]] - governance platform
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - governance model
- [[MetaDAOs Autocrat program implements futarchy through conditional token markets where proposals create parallel pass and fail universes settled by time-weighted average price over a three-day window]] - underlying mechanism
- [[dynamic performance-based token minting replaces fixed emission schedules by tying new token creation to measurable outcomes creating algorithmic meritocracy in token distribution]] - mechanism pattern

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@ -12,7 +12,7 @@ event_type: proposal
processed_by: rio
processed_date: 2026-03-11
extraction_model: "anthropic/claude-sonnet-4.5"
extraction_notes: "Factual governance proposal with no novel mechanism insights. The transition from algorithmic to futarchy-governed emissions is already covered by existing claims on dynamic token minting. Created entity files for Coal project and the specific decision market. No new claims warranted - this is implementation of known patterns, not new theory."
extraction_notes: "Factual governance proposal with no novel mechanism insights. The emission rate adjustment and shift to bi-monthly decision markets is a straightforward application of existing futarchy patterns. Created entity files for Coal (new project) and the decision market itself. No claims extracted because the proposal contains no arguable propositions about mechanism design - it's purely operational governance data."
---
## Proposal Details
@ -73,8 +73,9 @@ A follow-up decision market will be held in early January, approximately two mon
## Key Facts
- Coal emission rate was 15.625 per minute (22,500 per day) before proposal, resulting in ~110% annual inflation (2024-11-13)
- Coal had undergone six halvings under original schedule before this proposal (2024-11-13)
- Next scheduled halving would occur at 7.35M circulating supply under original rules (2024-11-13)
- Proposal passed 2024-11-17, four days after creation
- Follow-up decision market scheduled for early January 2025 (~2 months after this proposal)
- Coal emission rate was 15.625 per minute (22,500 per day) before proposal, resulting in ~110% annual inflation
- Proposal reduced emission rate to 7.8125 per minute (11,250 per day), reducing inflation to ~56%
- Original emission schedule halved with each 5% increase in circulating supply
- Next halving under old schedule would have occurred at 7,350,000 circulating supply
- Proposal passed 2024-11-17 after being created 2024-11-13
- Follow-up decision market scheduled for early January (approximately two months after proposal)