For the latest info, read these updates too. Update 2, posted on Dec 3, 2022 Update 1, posted on Nov 26, 2022 — Original post — The Algorand Foundation seeks community feedback on the proposed ballot measures for the upcoming Governance Period 5 voting session, scheduled to open at the end of No…

Some great points made here. I’d like to challenge you one one thing, though: [image] Conscious: Ecosystem Grants- These would be to prop up services that just really aren’t financially sustainable but provide a great service. It could be used to do things like subsidize nftexplorer. This se…

Agree on all fronts, and write separately only to amplify the issue of participation node rewards. Even though we nominally have ~1800 nodes, the vast majority are not participating in consensus. Only ~300 are doing so. This is alarmingly low when you consider that the Foundation and/Inc seem to run…

I’m especially concerned about the Foundation picking winners and losers by purchasing NFTs directly. It distorts the free market. More alarmingly though, it also immediately creates a conflict of interests issue akin to what happened at open sea. Any time a central authority is trading in a commod…

I appreciate the intent of the proposals for the measures, but I would like to propose alternative measures that would make more of a difference. Measure #1: The legacy governance system was planned and put into place before smart contracts were widely adopted. It was designed to keep the whales f…

[image] cswenor: The legacy governance system doesn’t just need to be cut in half it needs to be removed completely. If this does not happen we are admitting we are fine with the whales winning and us retail investors losing. YES! I love the idea of allowing xGov to propose and vote on grant…

Agreed NFT’s are just getting started and havent even scratched the surface of what they can do. Not wanting to participate in them does not change this fact :wink:

I couldn’t agree more, governance and defi incentives are pointless if we can’t sustain the protocols already built. I don’t know if this would pass but the more we can shift towards allocating funds for development the better.

Regarding measure 1, why not both things? There has been grant programs running for a while and there’s also a 50M extra ALGO gap in the first semester of 2023 due to reducing the overall reward pool from 141M to 90M, those extra ALGOs could be used to support the development of new tools and open-s…

The large majority of dilution goes to a small fraction of the wallets. There would be more incentive to hold a token that goes up in price based on the value the projects on the network provide than a uniform dilution that most of it go to whales.

Feedback request on proposed Q4 2022 governance measures

Governance Discussions

cswenor November 16, 2022, 11:30pm 81

You might think it is hype, but NFTs are the largest reason people have created a wallet in crypto. If you want NFTs you need to accept NFTs existing even if you don’t want to participate.

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Feedback request on proposed Q4 2022 governance measures

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