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Remove voting power from liquid BTS and tickets #2262

Closed
3 of 17 tasks
abitmore opened this issue Sep 15, 2020 · 5 comments · Fixed by #2263
Closed
3 of 17 tasks

Remove voting power from liquid BTS and tickets #2262

abitmore opened this issue Sep 15, 2020 · 5 comments · Fixed by #2263
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@abitmore
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User Story

As a BTS token holder I'd like that voting power on liquid BTS and tickets is removed so that chain governance can be more stable. A related discussion was in bitshares/bsips#83.

Impacts
Describe which portion(s) of BitShares Core may be impacted by your request. Please tick at least one box.

  • API (the application programming interface)
  • Build (the build process or something prior to compiled code)
  • CLI (the command line wallet)
  • Deployment (the deployment process after building such as Docker, Travis, etc.)
  • DEX (the Decentralized EXchange, market engine, etc.)
  • P2P (the peer-to-peer network for transaction/block propagation)
  • Performance (system or user efficiency, etc.)
  • Protocol (the blockchain logic, consensus, validation, etc.)
  • Security (the security of system or user data, etc.)
  • UX (the User Experience)
  • Other (please add below)

CORE TEAM TASK LIST

  • Evaluate / Prioritize Feature Request
  • Refine User Stories / Requirements
  • Define Test Cases
  • Design / Develop Solution
  • Perform QA/Testing
  • Update Documentation
@abitmore abitmore self-assigned this Sep 15, 2020
@shulthz
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shulthz commented Sep 15, 2020

Any different with the 4.0?or only the "locked" BTS has VP?

Another
I more like to redesign the system of witness, eveyone can stake(lock the bts) on the witness and let the witnesses to govern.
We have a dying witness system.

@abitmore abitmore linked a pull request Sep 16, 2020 that will close this issue
@ioBanker
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Well done.

@matle85
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matle85 commented Sep 17, 2020

This is a massive change in voting principles and should only be implemented with community consensus.

The other defi functionalities are great additions I don't mind seeing pushed through but we can't keep just changing how voting works without any sort of consensus as it makes a mockery of the system - the collateral debt voting was a special case in my view where it was leading to disproportionate voting power which could not be dislodged / corrected through the normal way.

@shulthz
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shulthz commented Sep 17, 2020

This is a massive change in voting principles and should only be implemented with community consensus.

The other defi functionalities are great additions I don't mind seeing pushed through but we can't keep just changing how voting works without any sort of consensus as it makes a mockery of the system - the collateral debt voting was a special case in my view where it was leading to disproportionate voting power which could not be dislodged / corrected through the normal way.

I think bts didn't have any “community consensus” vote for now, only have chaebol voter and vote buying, more specifically, it has become a consensus game between alt, beos, cn-vote, especially any one of them can manipulate the “community consensus” easily. Defect of DPOS governance.

My point is: the witness(miner) is the key and soul of a chain, the token only is a incentive, if let a chain was controlled by the token, then the chain will lost its direction and spirit. BTS is a independent chian, not like the MakerDAO building on the Eth.
Now the BTS was controlled by two other chain, it has become very funny.

And i think the lock BTS VP still can't resolve the problem of vote buying, the most of holders are lazy to think and vote, they will just lock their bts probability and set the proxy, then whatever, but lock bts has no reward, if somebody came out to say there have candy if give the proxy to them, the holders will like bees to go.

@abitmore
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Done via #2263.

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