Buyback & burn or profit sharing doesn’t make sense right now because the impact on ARB’s price would be too small to matter.
There’s a reason why growth companies don’t issue dividends, but rather reinvest profits.
Reinvesting profits can generate much bigger returns. Buybacks and profit sharing are for the mature phase, not the growth phase. We’re definitely not there yet.
I appreciate the enthusiasm, but I think that energy would be better spent exploring growth ideas (see the Firestarter topic) instead of pushing for buybacks or profit sharing.
Arbitrum’s current position (as the leading L2 chain) shouldn’t be taken for granted. We need to grow our user base, TVL, and onchain activity. Otherwise competitors will surpass us, and the chain’s revenue and profit will go down. And there won’t be much left to share.
Let’s prioritize growth.