Blockchain Governance Proposal

Expected Outcome

Exchanges would be unable to vote with user tokens because most of the control is tied up in long-term staking contracts. With one token one vote model and pay proportional to votes it would end the situation of two producers are operated by one individual. With only staked tokens voting we assure that everyone seeking to be a producer has skin in the game and that even the lowest producer slot is likely to be reliable. Perhaps one of the more fascinating outcomes is the discovery of a true market-based interest rate and yield curve. Smaller stakeholders can gain extra influence and higher yields by participating in the long-term staking pools.

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Daniel Larimer

Daniel Larimer

8.4K Followers

Cofounder of Block.one, Steemit.com, BitShares.org, and author of More Equal Animals — the subtle art of true democracy.