Why would you vote no?

i don't want to vote no, i actually think the merger is a good move, but the current ratio is not favourable to us agix holders, sure if all you look at is $$$ then there is no difference but at this ratio we will end up having way less tokens which also means less voting power. if it would be the other way around where agix would have the price of fet en fet would be the price of agix, we would have 57% more tokens, which would also mean more voting power..

They can also print shiba inu mc so you end up holding x1000 your current tokens but with same value

my point is that agix holder will have way less voting power with these rates.

True that.. but what if we swap agix for fet it still stays the same.. so I think it's best to hope for the best

Yeah because you will be voting in bigger community for wider subjects, or you want to keep all votes for agix and get other out?

So is voting power based on the number of tokens you hold?

If it is based on number of token, then buy 57% more Agix before the merger then when exchanged you should be in the same position (I think). Obviously you will have greatly increased your holding but in terms of $$ amount you will have not lost out as the ratio is fair from a purely mc standpoint

fet will have 43% of asi supply, agix 33% and ocean around 23% so agix community has less voting power, simply because fet has a better ratio to get more tokens. getting more tokens doesnt affect the $ value of your holding but it does affect voting power, right? let's assume that 1 asi = 1 vote. and that the situation was opposite so agix and fetch price switched and agix would be 1:1 and fetch 0.43:1. now i get 100k asi tokens for 100k agix instead of 43k asi tokens, so i now i have more voting power. if the ratio would be chosen from let's say, march 20, 2023, when agix was 0.51$ and fet 0.40$, we agix holders would get more tokens for our agix as our FDV would be higher then fetch. i love the idea of this merger but the timing of chosing the ratio isnt favourable for us agix holders. and the rate is set in stone now so we kinda fucked on this or am i just stupid and thinking about this all wrong? feel free to correct me if i am

But you have to consider back in March 2023, the parties involved might not have been interested in a merger. Also lets say your Agix investment is 100 tokens so worth 33 votes. To increase your voting power, you could invest more in agix before the merger, invest in fetch. I can't picture how much at the moment, but that is a work around surely

It probably is. The voting power for the merge vote is based on amount AGIX. After the token merge, the three entities will stay legally separate. But there will be only 1 ASI token left. So it is not possible to make distinction between the separate communities any longer for governance. How will the governance happen for every legally separate entity? Will the three communities govern together every separate legal entity? If so, AGIX community has only have 25% voting power increasing to 33% when all tokens are minted.

Its all about $$ so your argument not valid, you want more voting power drop more $$ if there merger pass this will be one community, if you think you should get 1:1 and its unfair you can simply swap to fet and get your asi after merge

Why do you all concern about voting power. The whole goal of beneficial agi is that no one has much voting power and there is a big community with all smal voting power

Sure no problem, just go spend another hundred thousand dollars to get back to where I started. Simple!

Our ecosystem can’t prove Utility at this point. We are 2 years into Phase 2. That could change dramatically in 12 / 18 months

Decentralized governance is very important imho. It's what Cardano is focusing on right now and a big differentiator. That's why it is important to discuss governance before the vote.

Its important but its better to have 250k walletd then 100k

the shared whitepaper will cover governance too

Any idea when this will come out

in a scenario where i have 100k agix ever since the hardfork, on a better ratio i would get more voting power for the exact same stack of agix i have. so its not about $$ 😉 just read my previous statement again. its just a fact that with a better ratio, my 100k agix would yield more voting power, even if a different ratio would yield the exact same dollar value.

sorry cant give a date, its being worked on pretty much 24/7

So I am thinking you currently have 0.15% of the total votes in agix if you hold 100K. The merger would bring that down to around 0.05% and agix as a unit will only ever have 33% in total. None of the three companies have a majority holding. Also wondering, since the companies will continue to run separately if there would be decisions relating just to agix which are handled within this community, rather than wider 3 companies. A radical solution (nobody will like this) is that every holder gets just one vote regardless of the company and their holding. This would be the most democratic way forward

In real terms you are unhappy your money buys less voting power, which is in fact wrong. Why should you have more influence over somebody else will a smaller investments who maybe brings other things to the community

then it could just be a pincer move from.FET to artificially make people buy more and pump compared to AGIX and Ocean

Something odds was going on with all AI tokens the week before and the week of the conference which looked like heavy manipulation, but it was all AI tokens not just those involved here

why some people do ot get this? they are only obsessed with dollar equivalence?

i dont think people disagree with the notion that if the ratios were different, there would be more gov power.. can only speak for myself, but after hearing the amount of different scenarios being analyzed and this one making the most sense, that's about it

but this could be q dirty move to profit the winds of AI tokens and obliterate AGIX by getting us worried and tryong to change AGIX for FET or buying FET to have better ratio...

i don't know.. i just had a talk with chatgpt to make sure i'm correct on this. and i am. the current ratio will give us less voting power then if a more favourable rate was picked. no matter what rate is picked, our $ value would never change, only voting power. and that's the only problem i have with this merger as of now.

I agree and I add that the governance power for me is important to safeguard the vision and tech strategy of SingularityNET. I don't know much about Fetch and Ocean. If becomes clear they truly are joining the same vision and mission, the distribution of governance power is less important.

i also never looked into fetch or ocean. so why should i, who does not neccesarily represent the fet and ocean community as i never looked into them, have more voting power to influence future decisions then someone from fet or ocean community? it goes both ways, why would i want someone from a different community, who does not neccesarily represent agix community, to have more weight to influence future decisions? i understand we are all in this together and we become 1 big family and strive for the best but the fact is we are 3 seperate communitys still. i think it's just most fair if all 3 communitys have equal voting power to govern future decisions.

Fairly said, sir/madame.

1 person / 1 vote mechanisms are interesting in general for decentralized governance, but a) requires a reliable way to identify a unique person without revealing its personal details (e.g. via zero knowledge proofs) and b) isn't free from manipulation either since players with enough money can buy votes from people.