RE: Is a decentralised BP bad for the heath of EOS network?
Thank you for such a well-thought our post! I’m camping at the moment but wanted to leave a quick comment of thanks. This is a complicated topic with many passionate views. I’ve had a lot of conversations since creating that video and may do an updated one with even more perspectives for us all to think through. One argument that I’ve heard has to do with using the block producer rewards for value creation instead of value transfer. That makes sense to me. It also has me thinking about if a small portion of rewards are distributed to a coordinated DAC community, is that action something which could create new value, based on my understanding of the network effect of money? I’m not a custodian yet as eosDAC hasn’t yet launched to vote them in, but my hunch is the custodians will want most of the funds to go towards value creation via worker proposals and such, obviously after securing funds for the best infrastructure possible for the job given its current requirements. @eosdac published a nice post yesterday and they already have a million dollars in fiat money to pay for servers and infrastructure, without centralized investors who might try to influence the DAC in some way. That’s a beautiful thing, IMO. :)
Ow wow. I've just found out about this initiative of yours. Nice idea, will explore further.
I personally pay little attention to vote-buying and the said corruption-to-be. I think a lot of people, especially Steemian is missing the point. Steemian is getting used to ethical blogging system. EOS is, first and foremost, a PoS cryptocurrency. The more stakes you have, the more you get. It is plain and simple, void of intentions and ethics.
If Dan really wants to create a truly distributed crypto, then he needs to limit the stake per holder, plain and simple. But, that means no incentive for big players, which in term means EOS won't make it big. Thus, EOS is a pure PoS system, a semi-decentralized crypto platform.
The best idea I’ve heard for returning value to the community is to burn any excess profit tokens. IMO this cannot be seen as vote buying using any logic.
I doubted the idea of a DAC BP a million times, but the decentralisation of decision-making power and of course the video changed my mind. Most people don't take into account that stakeholders in the DAC have the power to vote and decide for the future of the DAC, people could put their thoughts forwards cause they are holding the 'DAC tokens', IMO that's a great thing.
I mean I would have been a lot happier if STEEM had a DAC Witness, people would have voted for increasing the bandwidth or have voted to think long term changing the trending tab, maybe the one account-one vote, I dunno, but there would have been better involvement of community and organic discussion.
I still want to know your perceptive when a majority of BP chose to be a decentralised BP, how will it look like? There would be the rotation for sure but what else? GAME THEORY 101 thinking
Just want to add few more pros which I feel will be helpful when you put your thoughts in next video and which will help the community to look eosDAC beyond vote buying.
eosDAC will help the community be more informed about the internal politics going on among different Block Producers, for instance - the bernie took his support away from all the witness still supporting haejin or haejin voting for some witness. As community will be more aware of such action, as they themselves are stakeholders of a block producer, it will help everyone take vice decision.
Will restrain cabal formation or at least keep people updated about it- being a part of a DAC bp, will help all the community members informed of whats going in the network. The arbitration process, the changes in the constitution and every change the network undergoes. As eosDAC (I hope) will take the responsibility of updating the community/stakeholders with an update and know how of what's going on the network internally, as most stakeholders of EOS would necessarily keep themselves updated always.
I think eosDAC should have their own forum where people could put their thoughts in threaded fashion keeping in mind the vision of the organisation. Maybe @eosdac could as well start email service updating everyone about the network.
I dunno if eosDAC is done airdropping the token or thinking about airdropping few tokens again if they are, they should airdrop them to the supporters and contributors of the eosDAC putting their best effort to make eosDAC perhaps EOS a great community.