BitShares Forum
Main => Stakeholder Proposals => Topic started by: Samupaha on June 29, 2015, 09:12:59 am
-
This is just thinking out loud, not a serious proposal for Bitshares.
Would it make any sense if DAC had two kinds of shares?
Share A is meant for people who are interested in taking care of the DAC:
- able to vote
- if not used in voting in a period of time, will lose a small percentage of the shares (something like 5 % per year)
- if used in voting, will get the shares from non-voters (this will effectively be like an interest)
Share B is meant for people who will just want to hold and enjoy the value going up:
- not able to vote
Both shares can be used for shorting to create bitassets (or whatever they will be called).
This would mostly solve the problem of voter apathy. Those who are not interested in voting would just buy B-shares, and those are interested in voting, would have even more incentives for it (they could gain or lose shares).
-
Interesting!
My thoughts: Voter apathy is just a function of security. And this doesnt help with security because the market cap of A shares is proportional to the ratio of A shares to B shares and the bogger the market cap the more expensive is ti to control the shares network.
-
In short order, share B would have no value....
Voter apathy comes in part due to the difficulty of voting (lack of easily digestible information, interface complexity, risk of migrating stake, lack of direct incentives, lack of delegation layers.) It will hopefully be possible to reach the right balance between all these difficulties and that will encourage active participation. When people remember again that freedom isn't free, there may be more people who are up for maintaining their crypto constitution. With secure reputation systems in place, it may be possible to delegate some of the voting or to at least have trusted recommendations....
-
I like the lateral thinking of the OP. However I continue to feel that incentive schemes to vote or not vote will be subject to poor voting behaviour, because you cannot control the quality of the vote.For those who have no real attachment to the outcome of the vote, who would not have voted in the absence of the incentive, their optimal strategy is simply to vote randomly to try to win the incentive - maybe even do this in an automated way - rather than actually do the research and make an informed choice.
There is probably a strong link between the degree of interest or stake in an outcome, and the time that voters are willing to put into votes. So there needs to be a way for those with lower stakes, or less attachment to every individual decision, but still a strong attachment to the broad direction or strategy, to express their views in a convenient way.
I would like to see a system that allows users the option to delegate all their votes to other trusted or like-minded users, with a power of veto. Such delegations could be set by users across all issues, or be separated by the type of issue, and can be revoked or replaced at any time. In this way users without much time for research or voting, but who still want to have their personal philosophy or interests expressed in community decisions, can still easily participate. This may not be a perfect system either, but I think this might create fewer distortions and manipulations than incentive based systems. (I have wondered recently if something like Dynamic Account Permissions could even be used to do this in a very rudimentary form, by delegating control of vote tokens.)
-
Interesting!
-
This is already the case - those that exhibit voter apathy and don't vote are automatically share type B.
-
This is just thinking out loud, not a serious proposal for Bitshares.
Would it make any sense if DAC had two kinds of shares?
Share A is meant for people who are interested in taking care of the DAC:
- able to vote
- if not used in voting in a period of time, will lose a small percentage of the shares (something like 5 % per year)
- if used in voting, will get the shares from non-voters (this will effectively be like an interest)
Share B is meant for people who will just want to hold and enjoy the value going up:
- not able to vote
Both shares can be used for shorting to create bitassets (or whatever they will be called).
This would mostly solve the problem of voter apathy. Those who are not interested in voting would just buy B-shares, and those are interested in voting, would have even more incentives for it (they could gain or lose shares).
+5%
Good ideas.