Thread also on Dashtalk forum : https://dashtalk.org/threads/how-to-strenghten-dashs-voting-system.7309/
How to strenghten Dash's Voting System
Problem : masternode budget proposal voting participation is currently too low, this can be observed on below overview's last column (Total Ratio).
https://dashninja.pl/budgets.html
How to strenghten Dash's Voting System
Problem : masternode budget proposal voting participation is currently too low, this can be observed on below overview's last column (Total Ratio).
https://dashninja.pl/budgets.html
The main reason why I don't vote anymore, is that I have no incentive to vote, since the vote is primarily (solely) defined by the three founders (Evan, Daniel and ?) and Otoh. Together they probably own up to 1,000,000 coins. This is public knowledge. I don't know if they have set up masternodes for all the coins they own, but it would seem reasonable to assume they did so (or largely so). The voting threshold was set to 10% (Yes - No) votes, which is far too low to consider this to be somewhat of a democratic voting process, taking into account the total amount of masternodes these 4 individuals (probably) own. It's safe to assume they control the outcome of the voting process.
Evan avoided the question from the interviewer at the Mexico conference regarding this specific point. Evan didn't answer it truthfully, avoiding the essence of the question, so I'm sure he's aware this is not a long term (viable) setup. In the end it will just be a few people who will still vote, if nothing changes. A lot of time has gone by and it seemed to me that the initial configuration would remain so. This would effectively render DGBB a pointless functionality.
How can you motivate anyone who just owns 1 or even 10 masternodes to participate, in the current setup/configuration? It's just a formality without any significance whatsoever. This was entirely to be expected and I'm somewhat surprised it has taken this long to actually being discussed, as if you all don't know what's going on? You think people are incapable of executing simple commands in their wallet console? It was obvious from the first post regarding DGBB that this was going to happen. I personally imagined this to be changed once the DGBB functionality was proven to be successfully implemented (which seems to be the case), but it hasn't and there's been no communication on changing this threshold, so up to now I'm still disappointed to see new proposals before actually fine-tuning DGBB to a more righteous configuration.
Since I'm not being penalized for not voting and there's no financial incentive to vote, despite it primarily not being democratic, I've completely lost interest in voting for any new proposal. Why should I waste my energy on it? I have other projects I'm involved in, so I use my time where I'm of actual value.
The technology is probably good, but the threshold to pass a vote with DGBB is obviously wrong. Why such low targets? Scared no proposal would ever pass through? The Dash team really needed that salary proposal to pass through didn't they? So going for 10% made it a sure thing.
It's my opinion that the setting must be 50%+1 (Yes - No). If you don't achieve this, your proposal is simply not good or important enough. Feel free to try again. Yes this also means that some proposals from the Dash team itself may have a hard(er) time getting through. In my opinion, that's actually a good thing and would truly require (pretty much) the whole dash team ánd masternode owner community to vote and discuss/challenge/refine each proposal.
It's not about being notified there's a new proposal, it's not about how easy the voting process is, ... it's the treshold.
Raising the threshold will bring me back to the voting process.
Right now raising the threshold to 50%+1 would result in no budget proposal ever passing, therefore nullifying the entire budget system in the first place. If you want the threshold to be raised, then start voting and maybe the team will raise it. If enough people stop voting, then the team will likely lower it. There have to be enough people participating in order for budgets to be able to pass.
For what it's worth, iirc Otoh never votes his nodes.
P.S. I'm not really concerned. Most people in democracies don't vote in any event.
Shouldn't we start with the lowest hanging fruit? This whole system was thrown together in about 2 months and is pretty rough at the moment (although it's working really well I think). This Dashpay wallet could actually support viewing new proposals, it could keep track of the ones you've seen and ask you to vote on the ones you haven't. It's much easier to write really intuitive and friendly software that encourages this type of behavior without enforcing anything.
About me and Otoh, both of us combined control ~800-900 masternodes, which is 23-26% of the current amount. This percentage is actually falling due to the additional masternodes being added every day, I would buy more Dash and start more nodes, but my wife would kill me
