DPoS - An idea to incentivize informed voter participation

mjhomb (58) in eos-project • 7 years ago (edited)

View this post on Hive: DPoS - An idea to incentivize informed voter participation

7 years ago by mjhomb (58)

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daxso (32) · 7 years ago

That is a great idea.

Health of EOS platform based on markers:

voter participation: that would be a good measure
network capacity: this might not be a fair measure in the beginning, unless the measure took into account a prediction of the capacity as the platform develops. Even then, there has never been anything like EOS, so it might be harder to predict
latency: perfect quantify the best block producers
ipfs storage: good measure against block producers
utilisation: same as network capacity

So community will be aligned with the overall state of the network and want more of the 5% inflation funds in this community contract. The block producers will want more of the 5% inflation funds for themselves so they might not be aligned with this proposal. However, if they are not aligned, they will get voted out as they will be low performing block producers. So I think this would work :)

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mjhomb (58) · 7 years ago

I was later thinking that the price of the Eos token would be a good enough proxy for the health of the network. Dan often says markets will manage the incentives. But that would assume that the markets for the token are rational and not manipulated and other factors could influence price movements as well, like dapps entering or leaving the platform. So I am still tending towards the idea of calculating the network health since that is what voter participation is all about. I also wouldn't mind if all this was done in the protocol itself. So the split between block producers and community contracts was voted on by stake holders . But I need to think about the consequences of that a whole lot more!

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daxso (32) · 7 years ago

If you check out the EOS governance @thomasbcox poses great questions about mandatory or optional voting, which definitely affect what we have been talking about here.

True, the EOS token would be good proxy. But I think only once EOS matures and stabilises with all the equivalent centralized applications as dapps e.g. airbnb, netflix, facebook, reddit. I cannot wait.

Thanks for sharing your ideas.

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sangeeta (60) · 7 years ago

i learn something from your post.love to read it.
Thanks for sharing important post

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feyrdauze88 (39) · 7 years ago

It has been interesting to follow about the eos development and the concept of parallel and blockchain technology

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mjhomb (58) · 7 years ago

It is. Eos looks like it could change everything! Well maybe not quite everything...

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feyrdauze88 (39) · 7 years ago

Yup till the further development

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soufianechakrouf (64) · 7 years ago

I notice that you didn't posting since a long time i read your posts i found it great posts and hope you posting something new soon and hope everything goes alright with you.

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soufianechakrouf (64) · 7 years ago

Is there new posts coming ?

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mjhomb (58) · 7 years ago

Thanks so much @soufianechakrouf ! I did start a couple but I need to finish them. Everything is good with me and thanks for asking. Hope things are going well for you too. I'm like your photos!

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soufianechakrouf (64) · 7 years ago

Happy to know that everything goes well with you im doing good too and thank you very much i appreciate it so much it supports me

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