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General Discussion / Re: Current plans on delegate pay?
« on: April 26, 2015, 12:10:03 am »1. There is no relation between pay and actual value being delivered.
In a certain way there is. Shareholders are the judges and accordingly adjust payrate.
And imo there is no way overall value to the ecosystem can be mathematically measured. In particular referrals are an insufficient metric as stated earlier. Hence the best way to adjust payrate according to performance is by a panel of judges that are incentivized to be honest, which is what we currently have.2. Democratic vote is not a good system to know what to invest in...governments are reknown for being terrible investors.
This is a vote per share system, that has nothing to do with democracy.
You have good points and let me correct my statement.
1. Right now, rather than having the market being the judge about what brings value to our ecosystem, we have to go through politics.
Imagine Apple having all of it's shareholders decide what projects should be funded rather than having the market being the judge on that matter. It would go out of business within a year because a bunch of project would be started then interupted because of a new fad happening on the market place.
2.You are correct it is not a democratic vote, my bad. It is still important to point out that voting is far from being the optimal way to allocate resources.