RE: Tokens, Tinkering, and Tantalizing Transitions
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Super important subject which i wrote about 2 days ago here: https://leofinance.io/@atma.love/potential-leo-community-voting-system
As @notconvinced commented below Stake ONLY voting is imo (in my opinion). NOT a good idea.
Again in my opinion (with over 3 years research on the subject including helping refine #TheMatrix8Solution which is specifically for the purpose of consensus voting), it will work much better if Stake is just one factor of the voting power (vote weight). Also part of this imo should be 1P1V - one person one vote (albeit some have multiple accounts so this aspect needs to be solved - and i think #Matrix8 can solve that aspect too - but not yet).
i think it should be fairly straightforward with LeoPolls to combine 1A1V (1 account 1 vote) with Stake to give a vote weight for poll results.
Question is what percentage.
i suggest for now 25% for the vote, 75% for the stake.
However, i think this would be best just as an interim solution, with further factors to be introduced which affect the vote weight.
Reputation being one. But current Hive Reputation needs considerable refinement.
Reputation can include length of membership (as it does now) but we also need to consider if governance voting for complete newbies is even allowed. For Hive there is a 30 day waiting period for governance voting. Newbies may well not understand the matters involved sufficiently to be able to make good judgements on voting many matters.
Much more to speak about on these subjects. i wish for a community forum space for that - and there is one on-chain, the Community Voting community.
Tagging this comment #communityvoting so hopefully it appears there (but there is no comment Tab).
i will leave it at this for now and watch the video. i have a bit of a hearing impairment which is why i prefer reading (or video with subtitles).
Sat Nam
Atma
Hmmm, I'm wondering what the rationale is for giving one user more power over another, simply because of the size of his wallet. I kind of understand the use of rep, but like you said, rep doesn't really mean respectable, competent nor even influential here, so without refinement that's even a bad idea.
Is it the old,' the more stake they have, the more they care, because of higher investment'?
I have heard that @leofinance is planning to introduce their own reputation system and we'll have to see it work in realtime to figure out if it's actually better.
i think Stake weighted votes (to some extent) can be important. Not going go into detail why(for now), except, if we are talking about Governance voting, then with no Stake or 1LP of example, why would we want them to vote at all?
If it is done the way i am suggesting (nterim way), maybe the affect stake has on vote weight could be variable depending on what the poll is about. Again much to discus re. this too.
I can understand that. Maybe we need a threshold to reach before they can vote, then make it 1p1v? Most would understand that as a way to keep unproven users from weighing in before knowing what's going on or giving abusers too much power right off the bat. The threshold couldn't too high though, but I'm sure there's a fair compromise. I think maybe 500
leo would be fair.
Threshold of LP only doesnt prove much. Day 1 buy 500 LP then governance voting immediately? Not good.
Best to include other factors too
Length of membership
Passing a multiple choice quiz (with answers in posts which are linked to) to ensure certain necessary understanding,. Again, that could be part of Rep.
Matrix-8 covers a lit of thia already. i invite you to read. Ask for links if u need
#communityvoting
Agreed, I thought of the 'buy your way in on the first day' issue after commenting.