possible?
Ofcourse, if we figure out how to run the chain without it
That would be voted down because it's not in the interest of the Community/Network/anyone
Exactly, so TF can increase supply based on their interest anytime, and that is concerning
No... that's not the point.. 🤣
I'd actually love to see Telos be a deflationary network, that would increase the value of the token. But how would the network survive in the current scenario?
The point is, TEDP4 could have been voted down with enough participation
we should inflate a little telos a month for funding wps forever - its too important to let a few short term thinkers axe it - you can price in exactly how much youll need in the future
Who decides best interest?
Voter influence depends on amount of monetary investment
What do you suggest it should be instead
How do you propose to raise funds for launching on exchanges & improving liquidity. Partnerships sometimes require grants. Where do those funds come from? If we can collectively as a community figure this out, let's vote to reduce the supply or whatever you propose.
How about 1 vote per wallet
That's impractical to execute fairly
I have 5-6 wallets on native alone. Won't that be unfair?
yeah in ideal world we can have proposal funds not come from inflation and instead come from actual business profits- figure this out and solve the age old problem of government and taxes- ancient greece during alexander had no income tax and used mining and conquest to raide money for government we could have no inflation and instead use all the profits from telos evm one day or profits from companies created from telos proposals - to pay back the wps pool if you can start like 100 dapps and companies and you hit that 1 right profitable company you can make millikns maybe billions in profits and have a deal where any dapps funded or started from wps have to pay back telos like shareholders when they become profitable
But is close to fair than amount of telos voting system isnt it
But its close to fairness isnt it
No, because it's not that simple. 1 wallet 1 vote is massively open to manipulation.
Do you know what the profits are from the EVM transactions? It was shared earlier, and it's not much.
So is current voting system
no. thats bad. look up 1 person 1 vote vs dpos stake based voting and ned scitt dan larimer and the whole steemit eos edenos debate going on for years
You can't say X is bad, here's a worse solution. 🤣
But 1 vote per wallet is close to fairness since its doesnt depend of income disparity
Lol. I can literally make 100s of wallets using VPNs n all. I am from India, i can actually make much much more if i can have my say this way. Please suggest practical stuff.
you can 100% say 1 account 1 vote is bad- anyone can make multiple accounts- what he really meant was 1 person 1 vote
Yes there are flaws in this method too but we should try to be close to being fair
But also why will i participate in any future community votes, knowing that my vote is useless
Yes, and good luck policing that without some pretty vicious privacy policies.
well 1 account 1 vote is not fair to anyone
That's not how it works.
How is it useless? Each drop contributes to form the ocean. This is exactly the problem now. Every token holder with a small amount thinks it's useless. Whereas, if you combine the total, that may have the potential to change the outcome.
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