Is there any way to structure the voting to incentivize stakeholders to vote to prevent
things, rather than allow things?
The binary candidate structure of the US presidential elections mobilizes voters not only because they want 'their side' to win, but also because they don't want the agenda of the opposing side to be forced upon them. I think it is possible to utilize this voting motive without the binary structure.Allowing voters to vote IN delegates, while simultaneously allowing voters to VETO their dilution proposals, seems to be the way to do this.
Example (open to suggestions):
1. Stakeholders vote in delegates into a basic 'block producer' that by default gets 3% max dilution.
2. After 2 weeks of producing blocks, delegates are able to submit a proposal for increased dilution pay. (They can be campaigning for these two weeks before the official proposal is submitted on the blockchain.)
3. During a 2 week period after the proposal is made, stakeholders can vote to veto this proposal, as long as they are not voting for the delegate as a 'block producer'.
4. After this 2 week period, the delegate starts getting his proposed pay, UNLESS the number of votes to veto is greater than the number of votes for the delegate.
5a. After the delegate starts getting pay, if the number of votes to veto ever exceeds the number of votes for the delegate for longer than a period of 2 weeks, then the delegate stops getting dilution pay.
5b. After the delegate stops getting pay, if the number of votes for the delegate ever exceeds votes to veto for longer than a period of 2 weeks, then the delegate starts getting dilution pay again.
This essentially takes the advantages of what we used to have with 'down votes', without any of the disadvantages.
- You no longer have to vote for other delegates to 'vote someone out' of their dilution pay, as you can take it away directly.
- Voting out delegates as said above also leads to uninformed votes, and this veto structure avoids that
- Delegates that are not obviously bad actors will get their pay, as long as they have enough support
- 'Watchdog' groups will form to assess dilution proposals, and will be able to quickly and efficiently keep the group of paid delegates immaculate.