RE: Gridcoin Issue Breakdown: "Wealth" Disparity
The vote weight was recently (within the last year I think?) changed to give GRC balance higher weight vs mag. I think that was a mistake.
In my opinion, mag should be given equal vote weight to balance. In votes regarding the whitelist (which is probably the most common vote we have), which affect crunchers much more than bag holders, it doesn't seem right to have bag holders have greater weight than someone that crunchers the actual projects every day. It's like me telling you what groceries to buy for you to make your food out of.
Secondly, bag holders have no expense. They turn on their wallet, they stake; that's it. Crunchers, in order to keep their mag up (which means their vote weight), need to pay for electricity, hardware upgrades, etc. I turn off my machine for a month, my mag vote will mean nothing, but my balance will still have the same weight. Having a mag voting weight has an associated cost. Having an investor voting weight does not.
Just my opinion.
I'm with you 110% @neuralminer.
I tried to start up a whitelist poll using only Mag, and everyone got all upset because that's not normally the way it's done. People kept saying "you can't exclude the investors."
Well we're not excluding the investors. We're excluding the people who invest and do not mine at all. And that makes perfect sense for a whitelist poll.
And now we have a whitelist poll to include a project that's neck and neck between "Yes" and "No" and there's a No vote from an investor account with a 3-million weight. That project might not get added now, and unless something changes drastically, you could remove that one single vote (or both of the Investor-only votes in that poll) and it would reach a different conclusion when only looking at miner votes.