Personally I hope they decide to leave the current status alone as adjusting and playing around with this sends all the wrong signals. Why increase The VTHO gas fees as I know that would speed up the process of burning the 36 million VTHO created daily.
The VeChain team has spent their time concentrating on corporate adoption as this is where the real value is going to come from. Why ask such a question on Twitter when you know what the investors will think. They would like to see the value rise before adoption happens as they want to see a return.
I do understand how people are worried as 60 billion VTHO is a big number and 2 years is still a way off so this number is only going to grow. Every day this 36 million VTHO being generated is not burned as it is just adding to the ever increasing number. I am sure there is an answer but this has to be carefully worked out or they could tank the entire blockchain sending this to 0.
The value for myself is in the development of creating the adoption without contemplating short cuts by an increase to the burn rate. This type of idea is not only short sighted, but smacks of greediness. Maybe the head of VeChain is teasing the community and this is some type of joke as like I have said before their communication skills are rather lacking.
Apparently in the past they reduced the transaction fees by 100x and possibly they are feeling they made an error. The transaction numbers have been steadily increasing over time and the number of VTHO being burned daily has also been on the increase. This like I said a few days ago is a long road to adoption and expect another 2 years before we see the number of burns match the daily supply.
Increasing the daily supply would be ludicrous as 36 million is a big number knowing the cost of a transaction is minimal. Reducing the supply by 10x would require only a 3,6 million burn which would still take months or well over a year to achieve.
Adoption unfortunately has to be real as there are no shortcuts to take you to the promised land. I have been keeping a close eye on VET for well over a year now and this is the first time I have seen a discussion about the daily gas supplies along with the burn fees.
If they start to fiddle with what they have created then it is not very professional and just maybe I will hold back from investing any more as that would mean they are trigger happy and why they may have taken so long . VET has been around for 7 years already formerly known as VEN which may have been another trigger happy moment when they changed the token supply increasing the numbers by 10 x diluting the value by 10 x over night.
