Proposal to Revise the Current Staking System

This is true! For example I have to vote on my staked coins on ICP. Literally every 3 days I have to vote on 20-30 new proposals. This is just so time consuming, so I just open the ICP voting webtab on a side screen, vote “YES” on the about 25 new proposals about every 3 days, not even read the stuff anylonger, while continuing doing other work on my main screen. Please do not use stakingrewards for punishing holders who don’t care to vote. The fact that anyone holds DOT is already support enough. Don’t push everyone to have to vote. And my voting will be totally uninformed, I will simply come and vote “YES” to whatever, in order to get my rewards.

If people used to farm/grind all day long Plants for crafting rare potions in World of Warcraft to sell in the Auction House, what makes us to think that it will be different when paying to participate in some bizarre internet forum (aka Opengov, for the people not getting the sarcasm :slight_smile: ) where you can get token with financial value just with some clicks a day?

I made a lot of contributions in this other forum post, so I will not repeat myself so much.

I percive that is a current of opinion that is being echoed in the ecosystem by different members ( which I find it a interesting fact). This current of opinion (lets pay users to increase participating to counterpower the voting weight of the “whales”), IMHO, is masking the lack of political culture (or political interest) of the DOT holders with - as how I understand the subtext - voting power of whales is too dominant, and we, the normies have little, or no chance of participating in the decision making process.

On the following lines, I am going to discuss the previous points.

First of all, the proposed solutions tend to resolve a cultural or lack of interest issue throwing money to the problem ( People doesnt vote, so let’s give the rewards so they do it). For one side, this tends to oversimplify the solution from one side, and from the other side it tends to over magnify the situation/importance of Polkadot. Let me develop.

Lack of Political Culture

Staying up to date on the political topics takes time. Participating actively in politics takes a lot of time. No matter in a city or country level, MMO Guild politics, role playing games or DAOs. People need to be informed of the current situation, people need to know the different actors and their goals ( public and private ones), people need to know the previous context and future direction. All of this is needed in order just only to have an informed opinion. Casting a vote is a easy as putting it in an envelope and go to your voting office or - in our case - sign with your account and click one of the voting options.

We are focusing on paying people to cast a vote, but not focusing on building a political culture for the majority of account owners for Polkadot. But the question really here is, do we have any idea why don’t vote? In any of these proposals, I have not read any data point/survey of why people don’t vote. Also, out of curiosity, in contrast of other major ecosystems, where are we in terms of turnout? Are we in the average, or in the bottom of the chart? If someone has this data, I think sharing in public will help a lot to understand the situation better.

Again, we are building up proposals and systems without knowing exactly which is the problem for having a low turnout. And we made up that the low turnout problem in the cause of “whale dominance”, when the system design actual favors “whale dominance”. Which I find it naive and a bit of wishful thinking that all of these new voters will not align with the current or new opinion leaders - which dominate the actual political landscape.

Regarding vote as a duty or vote as a right, I think that open ended system like a DAO favors clearly the right option than the duty one. This again comes to the topic of the possible lack of interest between account holders.

Proposers heaven, voters hell

The revised system is not just beneficial for increasing the number of votes but also aligns with the spirit of community and shared responsibility within Polkadot, ensuring that every voice has the potential to be heard and every vote truly matters.

There is also a idea that I keep reading over and over, and it is synthesized in this paragraph.

every voice has the potential to be heard

Actually openGov is an open propositive system (for most of the time, getting funds for a project), so every one can put a referendum that holders need to vote.

1 Like