Proposal: Using a Harberger Tax in the Global State Machine

  • The state memory.
  • The global state machine nodes.

The State Memory

  • Devs will need to purchase the state memory token issued on a bonding curve, where the privilege of using 1 MB of state memory is denominated as one token’s worth.
  • There’s also an associated state memory tax calculated as follows: the current state memory token price x 1% (the tax percentage is determined by the DAO). This amount is calculated every day (24 hours).
For every 1 token (equalling 1 MB of state memory), devs are taxed (the token price) * 1% every day.

Consequences of the State Memory Tax

Global State Machine Maintainer Tax

Some Practical Consequences of the Global State Machine Maintainer Tax

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