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…

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…

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.

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.

Couldn’t agree more, I’ve been saying for ages that we need to work in order to improve ALGO valuation, I’m just not sure if ending governance rewards completely and go for other types of grants is the way to get there. But yes, I wholeheartedly agree with the idea of using existing resources to gr…

Feedback request on proposed Q4 2022 governance measures

Governance Discussions

dylan.algo November 16, 2022, 11:38pm 82

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

Topic		Replies	Views
Governance Period 6 Draft Measures - Community Check In Governance Discussions community	65	5517	May 17, 2023
Feedback requested on proposed Q3 2022 Governance Measures Governance Discussions	205	13590	January 8, 2023
GP8 Measures DRAFT for Community Feedback Governance Measures gp8	42	5557	September 6, 2023
Transparency and clarity on overall community incentives Governance Discussions	4	399	November 27, 2022
Lowering Goverance rewards to fund communtity voted projects Governance Discussions	7	588	May 17, 2024

Feedback request on proposed Q4 2022 governance measures

Related topics