I ranted or "went off half-cocked" the other day. This was in opposition to the delegate fee being the same as 2 weeks average income. My thought at the time was that if you had 100% payrate on, then you had to pay the average for 2 weeks 100%. Is this true or is the fee the same regardless of your payrate?
Before I rant again, I would like to see this clarified.
I think it is just as you said. I think this is a waste. I believe the funds vested by the delegate initial registration should be stored instead of burned and these funds should be used to reward delegates.
The logic here seems similar to the logic of burning donations.
Is it even necessary to have this big fee as some sort of incentive to not be a fraudster? You're also dissencentiving (is that a word?) people who don't want to put up $1250 (and growing) to hope their platform is voted in for 2 weeks so they break even.
I suppose this is a policy meant for when the amounts become truly significant? This is actually works ok with centralized voting power.
Maybe this is good, maybe it is bad. Not very happy.
In my view of the world, I would be able to say "I'll work on X,Y, or Z for 20 hours a week. Shareholders - decide" .. or some similar proposition. Then people vote me in. I for sure am not going to put up $1200 (and growing) over the judgement of people then take 2 weeks to break even.
Maybe it is a psychological thing and my bias to attach to the negative aspect of things misleads me.
So shoot me !