How do you know how much “say” the the “majority of token holders” have?
Don’t all tokens have the same voting capabilities?
Are you suggesting that some tokens have more?
Isn’t respecting the will of the token holders the whole point of coin-weighted voting?
Yes I am suggesting that we currently do not have equally weight token holder voting.
- The mechanism for elections is not accessible to both smaller token holders and less technically savvy token holders as the voting mechanism itself is very difficult and technical to participate in.
- The elections do not have a means of error correction, if a representative is elected and then immediately colludes with grantees, token holders do not have a mechanism to remove them until their term expires.
- The foundation based administration also presents a weakness where certain scenarios may put them at odds with token holders. As far as I can tell the vote of token holders do not always need to be followed. Bringing this fully on-chain removes any chance for conflict.
I would propose, roughly, a token weighted delegation system, where token holders can quickly remove their delegation to a candidate they disagree with. This provides a clear means of error correction and ensures all delegates have some amount of skin in the game.
you mean that your authentic understanding of other people is such that clear expression of that understanding causes harm?
Is it your position that it’s necessary to hurt people to provide the best “government”?
No - my understanding is that other people cause themselves harm in the choice of their reaction to clear expression from others. Not everyone does this, but it is their choice to do this, though they may not realize it.
My position is not that it’s necessary to hurt feelings to effectively govern, but that decisions should not be weighted by whether or not feelings will be hurt. It also is more harmful to people seeking grants to coddle their feelings.
- Spending other people’s money because a grantee may feel bad about rejection is wasteful.
- Grantee’s that do not get clear feedback end up working on things that are wasteful and their own time and resources are wasted.
I would like to ensure that both the funds of token holders are respected, and the time of prospective grantees are respected.