Polkassembly Logo

Create Pencil IconCreate
OpenGov

Notice: Polkadot has migrated to AssetHub. Balances, data, referenda, and other on-chain activity has moved to AssetHub.Learn more

View All Discussion

My governance proposal

userJoeJohnJohnston
a year ago
infrastructure

My governance proposal Feel free to interject, here are my thoughts. It's a living document, and open to critique. I'm trying to provide solutions, instead of complaining about a problem. QUADRATIC VOTING . -square the number of votes you'd like to submit to find out how many DOT that vote requires your account to possess in order to vote. For example: 1 vote requires 1 DOT. 5 votes requires 25 DOT. 9 votes requires 81 DOT. And so on.... To prevent a sybil attack, I propose accounts with less than 256 DOT (close enough to the staking minimum) must pay 0.5 DOT as a gas fee to vote. This encourages whales to not spread their millions of DOT across millions of accounts to hedge their loss of voting power. NON-TRANSFERRABLE REPUTATION TOKENS . Named 'HONOR' tokens from here on out -Attached to your network address. -When the account is reaped, the reputation tokens are burned. -They are non transferable. -Honor tokens can be lost via consensus as a mechanism to protect the network from account compromise. -Anyone can earn Honor token. Honor tokens would serve as a decentralized method to build a reputation and trust for benevolent actors. SENATE Synonymous with delegation. Those with the most honor token have option but not obligation to accept an invitation to become a senator, if nominated. -senators are nominated via community voting. -senators are the only ones that can submit referenda. -senators are the only ones who can vote for referenda. -senators must stake enough DOT to earn rewards on the network. -senators earn bonus DOT for voting on referenda. -senators lose honor for not voting. -senators can be slashed for malicious intent against the network. This is voted upon by the community. -when honor token is below a threshold, the senator is removed from the senate. Now, you have to, the floor. Thanks for looking. ########EDIT########## Thanks for the feedback! So far I see no criticism of the Quadratic voting mechanism with a sybil tax. If this remains the case for a few more days, I'll drop that idea on polkassembly for more discussion. Thanks, team! We can't do it alone! Thanks for the effort!

Comments (0)

PleaseLogin to comment

Help Center

Report an Issue
Feedback
Terms and Conditions
Github

Our Services

Docs
Terms of Website
Privacy Policy

A House of Commons Initiative.

Polka Labs Private Limited 2025

All rights reserved.

Terms and ConditionsTerms of Website
Privacy Policy