Voting for shrimps is much and much more expensive and time consuming Lets say you have holders with 100 DOT vs A 10.000.000 Whale* A factor of 100.000 difference. Lets say they cast a vote on a subject the Whale likes (AYE) and the 100 DOT holders all dislike (NAY) . Voting takes 1 minute and…

So I consider the Opengov voting mechanism to be broken from a Shrimp voting standpoint. It truly makes no sense to vote for me anymore. I do hope the voting becomes a bit fairer (And the proposals themselves/knock out criteria become better/stricter, but that is another point) Do you have a prop…

Thank you for that. I did not see that. Your True numbers give an indication of what I guesstimated. Too much concentration of voting power (for now).

The reply from sodazone indicated with numbers what I did think (too much concentration of voting power). A deeper research would also take into account the costs and time for each proposal by the voters (like my example). Identifying and acknowledging that there are issues (voting costs/time for …

[image] Omiuxcy: I do think you will see more clusters or pools of voters. Vote delegation is a powerful and still underutilized lever, and I think over time it will continue to emerge as the model for smaller holders to exert their collective will in OpenGov. A few important developments th…

[image] bill_w3f: Do you have a proposal to make it fairer? Maybe building a reputation system. It relies on KYC, but KYC is validated by token voting (Schelling Game/Kleros). Even if 10-20% of KYCs are wrong, I think it is still likely to work. One can try different permutations and combina…

Whales vs Shrimps Time and $ spend on voting

Governance

sodazone November 26, 2023, 8:56pm 2

We posted some numbers some days ago: 📈 Polkadot OpenGov Data Insights

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Whales vs Shrimps Time and $ spend on voting

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