yes, power should be in hands of people who bear the financial risk.
4 Likes
Alice and Bob hold x coins each. I hold 10x. Voting equal weight with a 2/3 result. If the decision turns out to be wrong, I take 10x damage. How fair?
is it possible to implement a voting system that only count long term FIRO holders, let’s say at least 6 months ?
I guess it is impossible with the burn-mint mechanism.
Because in those systems they have a national identity registration system. This is something we cannot implement especially as a privacy coin unless we require KYC. It is very difficult to prove ‘personhood’ even with coins as you can always split them up. This is why asking people to prove that they own a coin to vote is tough. Also with the privacy mechanism, how can you restrict community funds and dev funds from voting if they are anonymized? Again, this suggestion shows a lack of consideration when making them and pushing the responsibility to the core team to ‘figure it out’.
This is why quadratic voting is fairer which is what we are proposing eventually. While it approximates ‘personhood’ via tying to digital identities (social media accounts or forum accounts) it additional imposes other protection because voting has a cost since your donations are your votes. Basically, put your money where your mouth is at.
Sure there are ways to game it but it is much harder since you’ll have to create multiple aged and active forum accounts in additional to donating and also if you have a human committee to oversee this and identify voting patterns which are suspicious (for e.g. a lot of account registrations and people cross post liking just to get trust level up), this is a lot harder to game and discourages this behaviour as well.
To others proposing pure coin voting, might want to read this post I posted as well which references a “successful project” founder, Vitalik on his opinions of the issues with coin voting and the dangers it poses. Coin voting also means someone who entrenches themselves as a large holder of the coin can almost permanently exert influence without easily being untrenched.
Monero’s governance model is actually quite similar to what we have currently where community feedback is solicited and the core team make decisions based off it. This assumes some level of trust in the core team to act for the good of the project and not to ignore the wishes of the community.
4 Likes
加速剩余币开采我有几个意见，第一个方法，可以一半按正常开采速度继续开采分发，一半直接按持币数量平均空投给所有持币人。避免一倍的抛售压力。
第二个方法，一半币按正常速度继续开采分发，一半直接销毁。同样避免一倍抛售压力。
Voting through the master node by link Firo-wallet, the master node can easily count which master nodes have been held for more than 6 months or more than 1 year
For holders of less than 1000 Firo-coins, they can give their coins to the representatives who hold the same opinion through blockchain contract, gather together to make one master node and vote their common choice.
More solutions than difficulties,The technical team may have better methods @poramin
1 Like
As I understand because Firo is quite decentralized we want to avoid such voting as it allows few whales to just outvote most people.
Also if I will not have 1000 Firo for masternode I will definitely not want to give all my coins to somebody else (representative) for at least 6 or 12 month just to be able to vote. It would bring risks that somebody will steal it.
4 Likes
Please learn about “smart contract”. ETH relies on the widespread use of smart contracts to become the second largest in coin market value.
No one can steal your Firo coins and your share of master node earnings by smart contracts (blockchain contract).
1 Like
Our codebase is not setup to do smart contracts currently. EVM requires an account based model which is poor for privacy. We use a Bitcoin style UTXO model which supports some scripting but not for the use case you envision. There’s a reason why smart contracts on Bitcoin haven’t happened beyond semi centralized sidechains like RSK.
UTXO smart contracts are possible such as what is being done by Fuel Labs but it’s a whole big endeavour that consumes their entire time doing it.
Cardano also attempted to do a more limited form of smart contracts with UTXO with less than ideal results. You can read more here but take his claims with a grain of salt.
Poramin is working on a EVM sidechain (but no privacy solution yet) which can be a nice way to implement voting especially with Aura tech which can work even in accounts based model.
1 Like
I suppose language barriers can be a factor. In English here in America, there are two instances of “playing with words” one is a negative connotation without a doubt, and the other is positive because it is playing. The positive one is only really for joking matters - such as puns are a “play with words”, some forms of sarcasm, etc.
The negative, and the one your post would come off as, means you’re being deceitful, malicious, trying to sneak something under someone’s nose. A used car salesman will “play with words” to sell you a junker that breaks down in short order. “Jimmy knew Georgie was playing with words to pull a fast one on him.”
We need to stop getting sidetracked on literally every thread. This is getting ridiculous now. This thread is about the accelerated token emission and tail emission. Not about voting mechanisms. This is NOT a proposal by Reuben OR the core team - this was requested by community members over and over. This was stated VERY CLEARLY in the first post.
8 Likes
In Czech connection “you are playing with words” is also negative.
I very much hope that the above technology will be implemented as soon as possible.
but I think:
1,Firo-fans who will strongly care about Firo’s future will not be less than holding 1000 Firo;
2,The master node threshold of only 1000 Firo has maximized the protection of the voice of small investors;1000Firo is the best balance between whales and samll investor，that is the best result the community has fought for a long time;Now it only costs $3,000/node, Shouldn’t the community be thinking about why the long-term decline?
3,If you don’t even have 1000Firo, why do people think that your speech(vote) in the community is responsible and constructive, and will help $Firo go to the moon.
So , if it is technically difficult to reach holders with less than 1000Firo now, ignoring them temporary will not cause vote distortion.(untill " @poramin oramin 's EVM voting system with Aura tech" successful development, and then included less-1000Firo-holders in the vote.)
Long-term price drop, why not give Firo a chance to go to the moon, power should be in hands of people who bear the financial risk.
Only $3,000 to set up one masternode at the time of my above comment
Let’s vote with masternodes
Let’s vote with masternodes
Let’s vote with masternodes
2 Likes
还有一个建议，可以不参考btc，全部销毁未开采的币，直接参考xmr永久每年增发0.5%。然后这0.5%再按比例分配给矿工，主节点，开发组。社区。
Because of the voting mechanism that is currently running that it is impossible to transparently display whether the person behind the ID is a Firo responsible-investor or an enemy.
Let masternode holders vote to decide. No need to express any objections in the community, waste time making unnecessary arguments, directly vote down if disagree,the forum will have a new look.
Writing the above comment, one masternode only $3,000,
Anyone in the forum who says that he is a small investor who needs to be protected, if have confidence in Firo, are a responsible investor, you can afford one masternode to vote for your opinion
2 Likes
I’m not arguing for or against your premise. I am saying it has nothing to do with this thread’s topic. I’m telling you to stop derailing the topic to something different. This post is about token emission and tail emission - not voting. Masternode or otherwise. You’ve been told twice, this is the last time I’m saying it. If you want to talk about masternode voting, coin voting, etc. Make a fleshed-out proposal as a new thread. Not in threads that have nothing to do with that.
5 Likes
I agree with asking for discipline inside threads (I was the first to ask for it in the first vote).
The problem is that it’s not very credible when the person asking for it doesn’t apply it to themselves and feeds off-topics (see your post on the expression “playing with words”, just above your post asking not to go off-topic).