Author Topic: Introduce CEX in governance?  (Read 731 times)

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Offline bitcrab

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Introduce CEX in governance?
« on: April 03, 2019, 04:59:29 am »
It is always bad that one single person control too much BTS, either the person is alt or me. as in a DPoS blockchain tokens means voting power.

Obviously, the current voting power distribution in top proxies is out of balance, the governance is no longer as healthy as we have expected.



I am considering to introduce some CEX into the governance of BTS, as shown above, generally top proxies and top CEXs own comparative voting power, introducing more voting power can help to balance the current power whale and help to make the governance more healthy.

Thoughts?
« Last Edit: April 03, 2019, 05:14:02 am by bitcrab »

Offline binggo

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Re: Introduce CEX in governance?
« Reply #1 on: April 03, 2019, 05:08:55 am »
GOOD!

The voting power must be balance.

Offline sschiessl

Re: Introduce CEX in governance?
« Reply #2 on: April 03, 2019, 05:56:24 am »
I don't think that pandora's box should be opened.

First question that comes to mind:
 - who educates the CEX in the governance of the bitshares blockchain
 - who educates the CEX in the proposals which might be very technical?
 - who will be lobbying in terms of what to vote for and what not?

Online Thul3

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Re: Introduce CEX in governance?
« Reply #3 on: April 03, 2019, 06:53:59 am »
Disagree
Quote
It is always bad that one single person control too much BTS, either the person is alt or me. as in a DPoS blockchain tokens means voting power.
If you need more voting power get more people activ.

I remember questioning over a year ago your centralised power and your answer was very clear to me.Get more BTS or holders supporting you (and noone disagreed with that).

I understand some people are unhappy with the 400k refund fund but thats not a reason to create a new voting system just because someone isn't voting in your favour (like reduce of MCR for bitcny).

Would alt be voting in your favour i highly doubt you would open that thread.
Also opening that thread where you lost that "centralised" power instead of opening when you had it gives it instantly a bad touch.
« Last Edit: April 03, 2019, 06:58:25 am by Thul3 »

Offline xeroc

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Re: Introduce CEX in governance?
« Reply #4 on: April 03, 2019, 07:16:09 am »
I'd also prefer to have *more* proxies with medium voting power than fewer ones with huge voting power.
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Offline bitcrab

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Re: Introduce CEX in governance?
« Reply #5 on: April 03, 2019, 07:18:37 am »
Would alt be voting in your favour i highly doubt you would open that thread.

right, if alt voting in MCR change I will not open this thread.

because what I care most is how to get things done, how to push BTS' evolution.

Offline bitcrab

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Re: Introduce CEX in governance?
« Reply #6 on: April 03, 2019, 07:22:29 am »
I'd also prefer to have *more* proxies with medium voting power than fewer ones with huge voting power.

agree, but when there is whale proxy we have to cope with it. otherwise the evolution of BTS will stop.

Offline bitcrab

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Re: Introduce CEX in governance?
« Reply #7 on: April 03, 2019, 07:29:36 am »
I don't think that pandora's box should be opened.

First question that comes to mind:
 - who educates the CEX in the governance of the bitshares blockchain
 - who educates the CEX in the proposals which might be very technical?
 - who will be lobbying in terms of what to vote for and what not?

not a problem, I can do that for the CEXs in China, including but not limited to binance, huobi, ZB.

Online Thul3

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Re: Introduce CEX in governance?
« Reply #8 on: April 03, 2019, 07:34:59 am »
Quote
because what I care most is how to get things done, how to push BTS' evolution.

You are aware that it was your past actions (to get things done your way) which created the whale bhaozi and made tons of people leave bitshares?



Quote
I'd also prefer to have *more* proxies with medium voting power than fewer ones with huge voting power.

Would it even be possible ?Alt could split his voting power to diffrent accounts or even diffrent people supporting his views and they would instantly get top proxies.


Quote
and top CEXs own comparative voting power,
I guess you haven't thought what you would open here.
TOP CEX's are going to rape bitshares at any possible way just to make quick profit and they don't do small rape profit.
sschiessl named it the right way opening the pandora box.


« Last Edit: April 03, 2019, 07:54:37 am by Thul3 »

Offline binggo

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Re: Introduce CEX in governance?
« Reply #9 on: April 03, 2019, 07:46:28 am »
Disagree
Quote
It is always bad that one single person control too much BTS, either the person is alt or me. as in a DPoS blockchain tokens means voting power.
If you need more voting power get more people activ.

I remember questioning over a year ago your centralised power and your answer was very clear to me.Get more BTS or holders supporting you (and noone disagreed with that).

I understand some people are unhappy with the 400k refund fund but thats not a reason to create a new voting system just because someone isn't voting in your favour (like reduce of MCR for bitcny).

Would alt be voting in your favour i highly doubt you would open that thread.
Also opening that thread where you lost that "centralised" power instead of opening when you had it gives it instantly a bad touch.

what's now? so?

The voting power is almost in the CEX, so how you can get the people back to DEX? or you have a better way which can push something forward, please give your solution.
« Last Edit: April 03, 2019, 07:58:12 am by binggo »

Offline jackingyang

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Re: Introduce CEX in governance?
« Reply #10 on: April 03, 2019, 08:06:02 am »
Would alt be voting in your favour i highly doubt you would open that thread.

right, if alt voting in MCR change I will not open this thread.

because what I care most is how to get things done, how to push BTS' evolution.
Touched me……

Online alt

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Re: Introduce CEX in governance?
« Reply #11 on: April 03, 2019, 08:18:36 am »
You are aware that it was your past actions (to get things done your way) which created the whale bhaozi and made tons of people leave bitshares?
yes, it's BSIP18 and BSIP42 make me the whales.
And I have warnning many times, these two changes are totally unreasonable.
I close BTSBots because of BSIP18 which make SILVER's price 3 times.
I got many profit from these two BSIP just prove the system mistake.
Quote
Would it even be possible ?Alt could split his voting power to diffrent accounts or even diffrent people supporting his views and they would instantly get top proxies.
In fact I have wait a long time to give part of my vote power to another one who is trusted, but I can't find it from the top proxy currently.
If you are interesting to be the proxy, give me the account name, I'm glad to set you as my proxy.

Offline jackingyang

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Re: Introduce CEX in governance?
« Reply #12 on: April 03, 2019, 09:03:24 am »
You are aware that it was your past actions (to get things done your way) which created the whale bhaozi and made tons of people leave bitshares?
yes, it's BSIP18 and BSIP42 make me the whales.
And I have warnning many times, these two changes are totally unreasonable.
I close BTSBots because of BSIP18 which make SILVER's price 3 times.
I got many profit from these two BSIP just prove the system mistake.
Quote
Would it even be possible ?Alt could split his voting power to diffrent accounts or even diffrent people supporting his views and they would instantly get top proxies.
In fact I have wait a long time to give part of my vote power to another one who is trusted, but I can't find it from the top proxy currently.
If you are interesting to be the proxy, give me the account name, I'm glad to set you as my proxy.

Bitcrab's motivation is good. You should work with Bitcrab to promote the evolution of bts.

Offline jackingyang

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Re: Introduce CEX in governance?
« Reply #13 on: April 03, 2019, 09:04:03 am »
You are aware that it was your past actions (to get things done your way) which created the whale bhaozi and made tons of people leave bitshares?
yes, it's BSIP18 and BSIP42 make me the whales.
And I have warnning many times, these two changes are totally unreasonable.
I close BTSBots because of BSIP18 which make SILVER's price 3 times.
I got many profit from these two BSIP just prove the system mistake.
Quote
Would it even be possible ?Alt could split his voting power to diffrent accounts or even diffrent people supporting his views and they would instantly get top proxies.
In fact I have wait a long time to give part of my vote power to another one who is trusted, but I can't find it from the top proxy currently.
If you are interesting to be the proxy, give me the account name, I'm glad to set you as my proxy.
Please……

Offline bitcrab

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Re: Introduce CEX in governance?
« Reply #14 on: April 03, 2019, 09:04:20 am »
Quote
because what I care most is how to get things done, how to push BTS' evolution.

You are aware that it was your past actions (to get things done your way) which created the whale bhaozi and made tons of people leave bitshares?



Quote
I'd also prefer to have *more* proxies with medium voting power than fewer ones with huge voting power.

Would it even be possible ?Alt could split his voting power to diffrent accounts or even diffrent people supporting his views and they would instantly get top proxies.


Quote
and top CEXs own comparative voting power,
I guess you haven't thought what you would open here.
TOP CEX's are going to rape bitshares at any possible way just to make quick profit and they don't do small rape profit.
sschiessl named it the right way opening the pandora box.

if you think MCR reduction will also bring disaster to BTS, you can try your best to lobby proxies to vote against it, no problem.

if CEX can rape bitshares if they want, then BTS does not worth existing in this world.

sooner or later, CEXs will enter the BTS governance ecosystem, now we need them, just let them in now.