You are viewing a single comment's thread from:

RE: GridCoin Issue Breakdown: Voting Weight

in #gridcoin7 years ago (edited)

great breakdown of the issue.

I agree that an individual's stake in GRC should correlate positively with their voting weight. I think the current voting system, however, puts too much weight on stake. Right now, GRC is an oligarchy. Benevolent leaders or not, oligarchies ultimately are corrupted by such a concentration of power. I think the current weight structure is beneficial to what GRC needs to accomplish in this moment as concentrations of power enable rapid growth. However I do think the weight structure is going to need to be redefined very soon or this rapid growth might stop resembling the will of the core of GRC, Miners/BOINCers.

Which brings me to a major disagreement.

"GridCoin has one primary common goal: to maintain and even increase the value of GridCoin."

I would argue that Gridcoin's primary goal is the realization of its utility (distributed processing, boincing) and the value you speak of comes from expanding access to this utility.

thanks for the conversation, as always!