02-16-2023, 01:24 AM
CCIP-049 - Moons sent to the dead (burn) address should not impact your KM score.
<!-- SC_OFF --><div class="md"><h1>Current Situation</h1> <p>Recently the cryptocurrency subreddit burned 1M moons through the MoonPlace event. Lots of accounts knew about Karma Multiplier (KM) from <a href="https://np.reddit.com/r/CryptoCurrency/comments/u3js8m/ccip_030_create_karma_multiplier_based_on_moon/">CCIP-0030</a> and took measures to avoid being penalized, but a fair amount of small accounts were not aware of the rules surrounding KM and burned a disproportionally large amount of Moons compared to what they earned.</p> <p>You can read more about KM <a href="https://np.reddit.com/r/CryptoCurrency/comments/10p653f/a_warning_about_km_to_everyone_who_exchanged/">here</a>.</p> <h1>Problem</h1> <p>The problem is now their KM is at least temporarily messed up and it discourages future Subreddit participation in community burn events.</p> <p>Some burned Moons, through special membership, or Reddit Coins do not impact your KM.</p> <p>Sent to this address: 0x0000000000000000000000000000000000000000</p> <p>Currently moons sent to the below dead address do impact your KM.</p> <p>Sent to this address: 0x000000000000000000000000000000000000dead</p> <h1>Solution</h1> <p>Burned Moons to the 0x....dead address will be excluded from the KM calculation like special membership transactions are.</p> <p><strong>PROS:</strong></p> <ul> <li>Allows users to burn moons without hurting their KM.</li> <li>Encourages Subreddit participation in future community burn events.</li> <li>Seems fair to all accounts adversely affected by the burn event.</li> </ul> <p><strong>CONS:</strong></p> <ul> <li>Users who burn moons for the banner or a Q/A could theoretically use earned moons and not bought moons without impacting their KM calculation. (not that big of a con).</li> <li>Some users burnt moons on MoonPlace and sold the secondhand tiles at a premium and then rebought moons after selling those tiles. This would give those users a lower required KM threshold even though they overall profited on MoonPlace. <ul> <li>This is extremely niche and no longer applicable to users still trying to sell tiles. Tiles have a floor of ~$12, and 100 Moons cost around $22. Tiles can no longer be sold at a premium to replace burnt moons.</li> <li>Less than 7% of MoonPlace tiles have been sold at least 1 time on OpenSea. Although some people did sell their tiles for profit and rebuy moons, the majority of people did not - over 93% of MoonPlace tiles have never been sold.</li> </ul></li> <li>Some users burnt moons from throwaway wallets as they weren't comfortable connecting their vault to an unknown contract. These users KM will still be impacted as the burnt moons did not come from their vault. <ul> <li>Nothing can be done about this, but this appears to be mostly an outlier not affecting a lot of people.</li> </ul></li> </ul> <p><a href="https://www.reddit.com/poll/1136l22">View Poll</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GabeSter"> /u/GabeSter </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1136l22/ccip049_moons_sent_to_the_dead_burn_address/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1136l22/ccip049_moons_sent_to_the_dead_burn_address/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><h1>Current Situation</h1> <p>Recently the cryptocurrency subreddit burned 1M moons through the MoonPlace event. Lots of accounts knew about Karma Multiplier (KM) from <a href="https://np.reddit.com/r/CryptoCurrency/comments/u3js8m/ccip_030_create_karma_multiplier_based_on_moon/">CCIP-0030</a> and took measures to avoid being penalized, but a fair amount of small accounts were not aware of the rules surrounding KM and burned a disproportionally large amount of Moons compared to what they earned.</p> <p>You can read more about KM <a href="https://np.reddit.com/r/CryptoCurrency/comments/10p653f/a_warning_about_km_to_everyone_who_exchanged/">here</a>.</p> <h1>Problem</h1> <p>The problem is now their KM is at least temporarily messed up and it discourages future Subreddit participation in community burn events.</p> <p>Some burned Moons, through special membership, or Reddit Coins do not impact your KM.</p> <p>Sent to this address: 0x0000000000000000000000000000000000000000</p> <p>Currently moons sent to the below dead address do impact your KM.</p> <p>Sent to this address: 0x000000000000000000000000000000000000dead</p> <h1>Solution</h1> <p>Burned Moons to the 0x....dead address will be excluded from the KM calculation like special membership transactions are.</p> <p><strong>PROS:</strong></p> <ul> <li>Allows users to burn moons without hurting their KM.</li> <li>Encourages Subreddit participation in future community burn events.</li> <li>Seems fair to all accounts adversely affected by the burn event.</li> </ul> <p><strong>CONS:</strong></p> <ul> <li>Users who burn moons for the banner or a Q/A could theoretically use earned moons and not bought moons without impacting their KM calculation. (not that big of a con).</li> <li>Some users burnt moons on MoonPlace and sold the secondhand tiles at a premium and then rebought moons after selling those tiles. This would give those users a lower required KM threshold even though they overall profited on MoonPlace. <ul> <li>This is extremely niche and no longer applicable to users still trying to sell tiles. Tiles have a floor of ~$12, and 100 Moons cost around $22. Tiles can no longer be sold at a premium to replace burnt moons.</li> <li>Less than 7% of MoonPlace tiles have been sold at least 1 time on OpenSea. Although some people did sell their tiles for profit and rebuy moons, the majority of people did not - over 93% of MoonPlace tiles have never been sold.</li> </ul></li> <li>Some users burnt moons from throwaway wallets as they weren't comfortable connecting their vault to an unknown contract. These users KM will still be impacted as the burnt moons did not come from their vault. <ul> <li>Nothing can be done about this, but this appears to be mostly an outlier not affecting a lot of people.</li> </ul></li> </ul> <p><a href="https://www.reddit.com/poll/1136l22">View Poll</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GabeSter"> /u/GabeSter </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1136l22/ccip049_moons_sent_to_the_dead_burn_address/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/1136l22/ccip049_moons_sent_to_the_dead_burn_address/">[comments]</a></span>