{"@context":{"CIP100":"https://github.com/cardano-foundation/CIPs/blob/master/CIP-0100/README.md#","hashAlgorithm":"CIP100:hashAlgorithm","body":{"@id":"CIP100:body","@context":{"comment":"CIP100:comment"}}},"hashAlgorithm":"blake2b-256","body":{"comment":"My vote stands at \"No\" for the same reasons outlined before. **Why vote for another tactical reduction when the previous tactical reduction already proved insufficient?**\n\nThere's still no concrete evidence that reducing minPoolCost from 170 to 75 ADA is necessary: the market did not collapse after the 2023 reduction, and the proposal itself shows that 340 ADA remains the dominant setting. Lowering the floor may improve short-term competitiveness for marginal pools, yet it also reduces treasury inflows and risks postponing the structural work that matters more, namely transaction-fee growth, sustainable network demand, proportional pool economics, and a credible path toward minPoolMargin. \n\nEven if we lower the minPoolCost again, the core economic fact does not change, because** minPoolCost is a distribution parameter. It does not create one additional ADA of rewards! It only changes who gets how much of an already shrinking pie. And if the pie is the problem, which it is, arguing over slice geometry is not a strategy**. This ain't rocket science. Also, **let's not forget that SPOs pay costs in fiat**. Therefore, **dropping the floor to 75 ADA does not magically make a marginal pool viable once SPOs have to pay for living costs in the real world! If anything, it risks pushing operators into a worse position while pretending the network became fairer.**\n\n**The culprit is reward decay and the absence of structural reform**. Cutting the floor again is just another round of parameter fiddling while the actual economic model keeps slipping. **We must stop treating declining reserve rewards as a reason to keep lowering the floor and instead require the economic model, namely minPoolMargin pathway (I'd say 5%-1% seems realistic) and fee-growth strategy to advance together.**"}}