As of now, 60% of validators have voted 'yes,' and

Question

As of now, 60% of validators have voted 'yes,' and

93% of accounts have voted 'yes' as well. If the proposal still faces failure, ATOM will be in a legitimacy crisis. How far can ATOM go?

#atom #blockchain #cryptocurrency #english

0

15.11.2023

16 ответов

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le e Автор вопроса

Zoltan
Please, this is an assumption, and not helping. t...

The opinions of the majority, the opinions of the majority of nodes, are being overruled by a minority. Isn't this a crisis? This is a legitimacy crisis because it represents governance of ATOM that is neither decentralized nor democratic

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15.11.2023

Zoltan

le e
The opinions of the majority, the opinions of the ...

Cosmos hub governance had many proposals last 4 years and Atom 2.0 ( new proposed whitepaper and ideas) has not been approved by governance. So, I do not consider any proposals as a crisis.

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15.11.2023

le e Автор вопроса

Zoltan
Cosmos hub governance had many proposals last 4 ye...

Стикер

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15.11.2023

le e Автор вопроса

Zoltan
Cosmos hub governance had many proposals last 4 ye...

Perhaps this is the reason why ATOM's market performance is so poor.

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15.11.2023

Paul

le e
Perhaps this is the reason why ATOM's market perfo...

There is still time to vote

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15.11.2023

Zoltan

Paul
There is still time to vote

There is still plenty of time to vote. And in general, Let's avoid making assumptions.

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15.11.2023

Paul

le e
Perhaps this is the reason why ATOM's market perfo...

But yeah if this proposion wont pass it would mean atom is very centralised

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15.11.2023

le e Автор вопроса

Paul
There is still time to vote

You're right. Everyone should go and vote. The more people who vote, even if we don't win, it will highlight how ridiculous their victory is

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15.11.2023

Zoltan

Paul
But yeah if this proposion wont pass it would mean...

A proposal cant make a decentralized blockchain more decentralized or centralized.

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15.11.2023

Andrea Kovacic | Informal Systems

Zoltan
There is still plenty of time to vote. And in ge...

It's nice to see so many people voting on a proposal. Do you know what is the biggest address turnout ever on a proposal? 🤓

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15.11.2023

Zoltan

Prop69 :) for airdrop :) i think. but prop848 might take the first place.

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15.11.2023

le e Автор вопроса

Decentralization is not just a verbal claim; it is manifested in governance. A blockchain may claim to be decentralized, but we can always verify it.

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15.11.2023

Zoltan

le e
Decentralization is not just a verbal claim; it is...

maybe but not by just A Proposal.

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15.11.2023

Andrea Kovacic | Informal Systems

Zoltan
Prop69 :) for airdrop :) i think. but prop848 migh...

yeah true over 90k ppl voted on 69. Hope we pass that number. It's just mind-blowing to see the scale of governance in Cosmos, from what I've seen, no other chain/dApp comes even close

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15.11.2023

Zoltan

Andrea Kovacic | Informal Systems
yeah true over 90k ppl voted on 69. Hope we pass t...

Yes! %100 and others(non-Cosmos blockchains) are yet to have governance proposals and I am curious how will be for their community to participate in governance decisions.

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15.11.2023

Zoltan · Accepted Answer

Zoltan

Please, this is an assumption, and not helping. there is no crisis, it's a proposal, and governance will make the decision.

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15.11.2023

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As of now, 60% of validators have voted 'yes,' and

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