Congratulations to NewMine! He opened some questions (reason not quite impressing) about voting mechanism that is not so obvious. And it is about one thing, does it work or not.
Model of collecting funds is the one that state has, in form of invisible tax imposed by dilution. And it is quite good, much better, much more acceptable then direct taxation. But on the spending side it is real mess.
Imagine a company that has hired its employees and leave them organize by itself. Their work accomplishment has little or nothing to do with its salary. What would they do? How long before everyone recognize that with effort or not your music is playing. Those positions are like paid positions of some bureaucrat. What does he need to do to earn his salary? He only need to jump position ones and he is set.
Now, most of delegates are honest highly valued employees. They are all here because they share higher cause (and to make some buck along). But don’t underestimate the forces of nature (aka Game Theory). Over time system will make them lazy and corrupt. They will face two options. Those that value honesty above all will leave and those stubborn will have to adopt to crowds nature. So voting system sucks. Does it need improvement? I have no doubt.
This price decline is so depressing. It is overall sample of present project situation.
There is only one thing that concerns me. There is lot of pressure on BM and the team lately. I think they are not conscious of this, but those pressures could make them make mistake(again) if they are not careful enough. On the other hand if they lose courage to make tough decisions and adopt this project could face valley of dead.
Topic: Power of the community: Price recovery action 1 (Read 22541 times)
