Regarding the proposal to reduce the proposal fee [META]

xkcd

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As you can see this is directly coming from the creator of this decision proposal. Personally if UdjinM6 (Dash lead developer) states something like that, i tend to believe him.
Quit putting words into my mouth, you were not privy to the conversation I had with him and the context, my discussion with him centred around what could be easily achieved and we didn't spend hours brainstorming reverting the fee since neither of us were of the impression that would be likely outcome and it won't be, it just insane to think we would build a higher moat around DASH when it is already well and truly out of the public's mind.
 

xkcd

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DashCollective is a confederacy of mediocrities and unemployables who's main goal in life is to receive free money from the Dash treasury every month. They banded together to defeat RT's proposal to have unspent treasury funds shared by MNOs and miners. That was not in their interest. Why they would want to lower the proposal fee is obvious.
Nice fictin, nob head, you should write a book and leave us alone, I am here to tell you everything you just said is false.
 

xkcd

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Furthermore, why leave something so completely incorrect in the proposal text in the first place ?
I regret making that statement, my intent was to be completely transparent and honest, instead it created confusion without the sufficient back story. I have not removed it because I hate censorship, it is now a matter of public record to the end of time. I attempted to clarify it which is all I could do, further, you are trying to entrap me, had I removed that statement you would be all over me stating a cover-up and conspiracy. You have not been arguing fairly in this process, I believe this is because you are posting from a place of fear and ignorance. I have asked you to DM me to discuss the real reason you are opposed to this change, because I do not believe it just because there may be a little more spam in the proposal system, your reaction to this is not proportionate to that risk, not by a long margin.
 
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qwizzie

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As you can see this is directly coming from the creator of this decision proposal. Personally if UdjinM6 (Dash lead developer) states something like that, i tend to believe him.




Looking at xkcd response, good luck getting that direct quotation of UdjinM6.. vazaki3. Maybe you have better luck with someone else from the DashCollective.
It would certainly help with the whole 'to be complete transparent and honest'. Maybe best to find someone within DashCollective who is more objective and less prone to making unfounded personal accusations.
 
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xkcd

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Looking at xkcd response, good luck getting that direct quotation of UdjinM6.
Shutup Qwizzie, i've had private conversations with you before, agree to revealing those then we can talk about mine. the reason you've now turned to screen capping, instead of quoting is because you are modifying your posts to change the narrative later
1626680437044.png
Try and stick to one story, instead of updating it after someone has replied to the original tripe.
 

Geert

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...I have not removed it because I hate censorship.
Aren't you the one who booted me from your Dash Discord the moment I arrived? SMH.

it just insane to think we would build a higher moat around DASH when it is already well and truly out of the public's mind.
You imagine that making it easier for wannabees and con artists to apply for grants from the treasury will increase Dash's mindshare. LOL.
 

qwizzie

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Shutup Qwizzie, i've had private conversations with you before, agree to revealing those then we can talk about mine.
I am curious about that private conversation with you, because i am unaware of having any private conversation about this proposal topic with anyone. Please provide some evidence of that private conversation.
 

xkcd

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Aren't you the one who booted me from your Dash Discord the moment I arrived? SMH.
Yes, Troy added you after I had stated in DASH NATION that you would not be invited and would get a ban if you arrived, he added you as a test to see what I do. Just after you arrived I removed and lifetime banned you, my lifetime, not yours because you are deeply hostile to community members, ignorant and overrun conversations, untrustworthy and all together a pest.

You imagine that making it easier for wannabees and con artists to apply for grants from the treasury will increase Dash's mindshare. LOL.
Oh boy, ain't that a nice way to welcome anyone that might want to participate in the DASH DAO. o_O What was the phrase you used before? Was it maggots? and you wonder why you are banned from a discord where other DASH investors congregate? Show some self awareness, dude!


I am curious about that private conversation with you, because i am unaware of having any private conversation about this proposal topic with anyone. Please provide some evidence of that private conversation.
Did I say it was about the proposal? It was not, and no, I am not posting people's DMs in public, another form of entrapment from you, really starting to dislike the way you play. :mad:
 
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qwizzie

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Normally i would agree to proposal owners not needing to post their DM's in public, unless that DM has some important specifics on a currently running decision proposal from our Dash lead developer. Which seems to be the case here.


Source : public comment on Dash Central -> https://www.dashcentral.org/p/reduce-the-proposal-fee-to-one-dash

Funny thing is that i took that comment of DashCollective as is, i am not doubting it nor do i personally need a full quotation.
It is vazaki3 that wants the full quotation, which i find understandable as it forms additional information with regards to this decision proposal.
 
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vazaki3

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Looking at xkcd response, good luck getting that direct quotation of UdjinM6.. vazaki3. Maybe you have better luck with someone else from the DashCollective.
It is vazaki3 that wants the full quotation, which i find understandable as it forms additional information with regards to this decision proposal.
Exactly. I am always searching for the primary sources.

I am waiting for @UdjinM6 himself to clarify the issue.

If @UdjinM6 avoids to clarify this issue, then probably @xkcd / @Dashcollective understood it wrong, and thus there is no technical problem when increasing the proposal fee. Or at least the technical problem of increasing the proposal fee remains fuzzy and undefined.

So, @UdjinM6 , where are you?
 
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qwizzie

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Looks like this decision proposal will pass. Congratz to the yes voters.

I guess the next decision proposal (for just 1 dash proposal fee) will be about redenomination, with a dev conveniently doing the Github Pull request for the implementation of that redenomination at the very start of that decision proposal. Which will then be formally announced through an update in that decision proposal 9 days later.

Meanwhile the proposal fee against fiat is just dropping as a brick these days.
 
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vazaki3

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Meanwhile the proposal fee against fiat is just dropping as a brick these days.
What are you talking about? The reverse is happening! Dash is 23% up!!!

Probably the government agents lost control of the Dash community, so they are trying to buy again and regain control.
This is the bad scenario.

The good scenario is that a new Dash generation is comming, a generation that will help Dash community to rise again.
 
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Gass

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If you lower the fee to 1 Dash, my buddies and I are going to submit 50000 proposals. The SPAM will be too much and will bring Dash to its knees. To its KNEES! Dash will be permanently damaged from that. The master fuckin plan finally achieved, mission complete. Thank you monero for the funding!
What's the difference between submitting 50k proposals instead of 10k? is spam regardless...

By the way what happened with this? ...
 
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Darren

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I think what you're quoting was a joke, but that would burn 0.25% of all dash that will ever exist.

The proposal to reduce the fee is passing, we have yet to see if DashUnicorn will submit the 50k proposals.
 
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vazaki3

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It appears a 40whale just voted No, hmm.
IP_ADDRESSES (this column is sorted)MASTERNODES (the collumn is not sorted)COLLATERALSFIRST_TRANSACT
104.238.151.84 104.238.188.187 108.61.169.129 108.61.190.124 108.61.199.113 108.61.208.244 136.244.107.242 136.244.110.111 139.59.68.84 143.110.251.34 149.28.154.233 149.28.161.137 149.28.181.98 155.138.150.169 157.245.96.203 158.247.205.201 158.247.212.44 159.89.164.191 165.22.211.140 167.179.69.156 167.71.233.30 192.248.169.182 199.247.2.166 199.247.29.110 206.189.132.224 217.69.13.36 45.32.148.184 45.32.151.66 45.32.188.111 45.32.238.238 45.32.245.235 45.32.250.54 45.32.36.240 45.32.49.31 45.76.115.245 45.77.65.50 95.179.167.126 95.179.170.29 95.179.229.181 95.179.247.4170fcb250b0fcdb411dde92293745098460eabb6945ad55dae5d4928b3237a108-1 d2cb743f9d32d1c0a9e844b7b76f2ac7ea109f3d72029ed45d0a73cfe83e6549-0 359abac82461c893fadb964e19b95e4036d5947833823b14f2e08f8a888737c2-1 65dc4588fc45983c7424585323969e3ba261c1f9247764b999ec3cc0586c0168-1 0ff7add12044ff0a2931b2aa5c003ab32e9617524b4d1ed1f98b4590392b8ca2-0 fb773ba2536f73ead0fb573e239ecb2be7e88c7ea992978287bf162809bf6bb7-0 63b4d856e4eedf969ec5a2dbb9c18926592d5f3f1e2ff4375eb6e3dc5c1de083-1 1f75be94d04094611e84eebac0093635202a26f8241426e4cb46cc428138c7f0-1 96095e24af007512997cee3ffa26821894b44d98b0b49075b60258197df1ef75-1 e0485573a9a6537c8487306bf8491c38ce63175b39aebcbdb5079961cb2005ad-1 b33c9e87a514d55afc35b9eb9a2c216ebcf150ce6bcc9d0beee9aff5a6987dfc-0 4af3f7f2d4a62c99ca27fdb9039d90edc85179992a95926403bfd1cd5e2344fb-0 61bec72d4c5bb9921b3d2c2033077e8f70c5b6f2eda2d775fe605c7525b85dc3-1 414dfb9bcac298dd9a8cc0b14505b7af857a7b36c4f1a5ac4c041792e098fd01-1 3645476090c96ca176b27e20a58cc85dd7634476ca57d2244b3a57c657d4f200-1 3975f60ac1cacea83e80ace44fd723590ccd1055e00fb3d7c561f24dffc85a72-1 f40b31b91ae5867929f8acac3e7bb3a95b7bce19d2da6b1dd7a0622462d54d3c-1 82a6d6ddef2b04e3558ce98f8839928af03dd4e1a842a5e3e550ca04363bfbd6-0 5a14802aa8be95199713a8d0410a2874ff958e7f9963357ea74302711a422875-1 94dca99159e0ef90dfb3a043c9e4f92532b526cb85e93b64fc53ebdc4f49b352-1 6dd5b81175fd475459f7de5dd08aab6b8f0eac7a9fd657f43ce0b4f7913072db-0 a5518530066d4e843da77dc1a47864346598840a03912b51f39bd0968f2820d9-1 428a1db987a9c66274802cdffe998883feb0efe25b2495ccce28a4dfe99dfa3d-0 2498c28cad09ab3ff292f873ada997122160db023e263ab02a874848e884b266-0 61a216391c4c30b607e04b82d70f6e884b73cc1f7cfa92db2b9ac27df14e0c09-1 5db53cb6791c081070852677509682c1088f7d114110662b496474974e898375-1 e5d73d00e9687501fec79af780d6fdb6dc2ebc23f19a2c351d27541d9b1845bb-1 e8d2a4b0d61681bde18b2feb5d11a5fc179065417f2234c3ccb072021a7e4db2-1 35b96682bbcfe2d70804d66d901377ae59fc23405efeeab539907ec4ba3d8a16-0 1a8b2e277a3c66c0ccf62ebd381d6050923d641942c323ba2929b150817ac3b5-1 a47a6ebaa8a947ed6de605ade4f933754f74ebe7a12b180ea36c4c43967228cf-1 5f61f8086f99f199ed45728cb22ade8b3ad99571c31b5579a1dc21e9dbf0531c-0 b72cfa073ed3eefea3ce279a5b27062dd486838acb4ea926e27f2d73c6430a39-0 3b695ce8aa95ca341b142aaa9d5d66a7519ab42038e265dcfd631740b440ac26-0 bcb865b3973eff97feda8fade09891ac5966d388ff0fe9999dbdd0676370238f-0 caa98c51e9d6e5d344c30e284a3d4b3ff31d252b1033b7521d7d9cb787a686ff-1 26aa6d62d8db804f36505af6a6716bb84778b2b53732390b17314382b8b44b53-1 0c21d15ee7a5436ef686ccaf452063ac62986b3f7dd911c1207f4796d45432e7-1 ee0b2c496872e1c4fba9e04ae78b632ab9938fe9a14191d1e67ed6122e8aaae2-1 76134a4b993a48d21b75fa88d422b1d3b529371a8fb88bfb1406394922601f1c-1XbJThVRq9Rg9uEKM1F4ZWWax14Xe4cyKVJ XcK3NDzYMeA4B2iXYDiVe6B6CTyYtR9hQQ XcprHdzM9U8Dh3GNaMPSSwNPszstEBddSo XcTyJbZp2KhbVn1zcxCbpL2KRBchfJ2Yge XcvoJsJnwKHPmTJK4z7ChNo7JD6rAVrTzt XdaJCqfyDnyVbBFBR34iLKXceTn2zqQ9vG XdvqNsALeYfUqW9AHcffRJQkCn1uNuCaKz Xedj9sBJRTsouAmBrGtAd4fm2g8vWzL632 XgtEEW3LucbLHjFZ4iJ3jfNZML4EUcXVM7 XgUP6yxQEUNWVqgxks6VEk5EjzRDaKPCA4 XgzjujgX4yvzct6XLjQnztWsRxNDQaNjkC Xh4MqsaRzY9GGdphEkAh7CPwjvpZ5GWLWH XhLVvqhixFuugGN8GeAqs4si5MPLmcLd2C XiDYscV2cnfVvFjzyQ5fwiX51cW5sgM329 XkMs1axjiW9nvrW9YJT5FuuB2aeFMiyVi5 Xks5rt9quqgzmFr3tAF16iRJBzh5cbJUdo Xkt7xJr2d9Pimu3wr2SxbvCzTVFtJAp3mq XmMnC5ficEcERYSTNhyZnMYkMdDGFcN7Gh XmtjJcZnaoCXxqQDjs55VfcTbwTvRidAYT XmYvNvXS7z3eDDthw5pd9uJvBbxKb51GeA XnfRRgDfeQj19Hf9QRQHEmyeKKKXgrP1Ao Xp1qX8LFL8cpyYGXcH8UHBV15ztQ18vjcT Xpos2j2bSDGPShkR5BSTRBjkGiMSncajmD XpZ7qFhr4Thy6fgH2aoZB8FUTUa9MQbLdy Xr9MLoRrw5U92a8Yv2kypNjDsQe3EdqPW6 XriqTSzHpxu7kBxJVtUxEGzipPXnxAQsKE XsuBo9ts5ZCrV4kGVamuXXSWczzS3zF3xV XsZnsZSQJQE3LdXoJ5NA5VhcFZHKjqherp XttgnAJmf9VEXo3kX5pne9MXwsYVJpQVZX Xuaaz2rkei5RhUmQh6zLUSHXdBWF6SyX9z XuqQDJfcoRDpdFL6zde8dtGHgZd4Bud3wV XwKYWDcprC5Q7jPnwk3tUGXWR5C9tewNrc Xx9cTEAPBNo11VrRW4DAFjhiuSMcoudbY5 XxivxBq6SwDYLqRM99PbCdP8DAq8TUuBrw XxjidnpY14YPDerxKXAj6LRQCrWZtwaGUs XxobsW61FQ14qsb2ANhDMHvTZVGdPVBtyE XxTBnMFpjhP1MoHytvqL6aRgWm2EmE1BVk XyABV7N5CjBuy1HYj4LxaEAURdJzWjpPSN XycW7wUKVm8xPBoekWaJ3BfTz3JhEWaUzh XydSrBgTQ3QAvdn9N4Dcr2Jo75rs3SDq2M2014.07.27.05.31.34
Bash:
git diff -U20000 40mn_ids_sorted 45mn_ids_sorted|grep -v ^-|grep -v ^+|grep '^ '
0c21d15ee7a5436ef686ccaf452063ac62986b3f7dd911c1207f4796d45432e7-1
0ff7add12044ff0a2931b2aa5c003ab32e9617524b4d1ed1f98b4590392b8ca2-0
1f75be94d04094611e84eebac0093635202a26f8241426e4cb46cc428138c7f0-1
2498c28cad09ab3ff292f873ada997122160db023e263ab02a874848e884b266-0
26aa6d62d8db804f36505af6a6716bb84778b2b53732390b17314382b8b44b53-1
359abac82461c893fadb964e19b95e4036d5947833823b14f2e08f8a888737c2-1
35b96682bbcfe2d70804d66d901377ae59fc23405efeeab539907ec4ba3d8a16-0
3645476090c96ca176b27e20a58cc85dd7634476ca57d2244b3a57c657d4f200-1
3b695ce8aa95ca341b142aaa9d5d66a7519ab42038e265dcfd631740b440ac26-0
428a1db987a9c66274802cdffe998883feb0efe25b2495ccce28a4dfe99dfa3d-0
4af3f7f2d4a62c99ca27fdb9039d90edc85179992a95926403bfd1cd5e2344fb-0
5a14802aa8be95199713a8d0410a2874ff958e7f9963357ea74302711a422875-1
5db53cb6791c081070852677509682c1088f7d114110662b496474974e898375-1
5f61f8086f99f199ed45728cb22ade8b3ad99571c31b5579a1dc21e9dbf0531c-0
61bec72d4c5bb9921b3d2c2033077e8f70c5b6f2eda2d775fe605c7525b85dc3-1
63b4d856e4eedf969ec5a2dbb9c18926592d5f3f1e2ff4375eb6e3dc5c1de083-1
6dd5b81175fd475459f7de5dd08aab6b8f0eac7a9fd657f43ce0b4f7913072db-0
70fcb250b0fcdb411dde92293745098460eabb6945ad55dae5d4928b3237a108-1
82a6d6ddef2b04e3558ce98f8839928af03dd4e1a842a5e3e550ca04363bfbd6-0
94dca99159e0ef90dfb3a043c9e4f92532b526cb85e93b64fc53ebdc4f49b352-1
96095e24af007512997cee3ffa26821894b44d98b0b49075b60258197df1ef75-1
a47a6ebaa8a947ed6de605ade4f933754f74ebe7a12b180ea36c4c43967228cf-1
b33c9e87a514d55afc35b9eb9a2c216ebcf150ce6bcc9d0beee9aff5a6987dfc-0
b72cfa073ed3eefea3ce279a5b27062dd486838acb4ea926e27f2d73c6430a39-0
bcb865b3973eff97feda8fade09891ac5966d388ff0fe9999dbdd0676370238f-0
d2cb743f9d32d1c0a9e844b7b76f2ac7ea109f3d72029ed45d0a73cfe83e6549-0
e5d73d00e9687501fec79af780d6fdb6dc2ebc23f19a2c351d27541d9b1845bb-1
e8d2a4b0d61681bde18b2feb5d11a5fc179065417f2234c3ccb072021a7e4db2-1
ee0b2c496872e1c4fba9e04ae78b632ab9938fe9a14191d1e67ed6122e8aaae2-1
fb773ba2536f73ead0fb573e239ecb2be7e88c7ea992978287bf162809bf6bb7-0
  • The oldest recorded voting mn_Id of the 40whale is 0c21d15ee7a5436ef686ccaf452063ac62986b3f7dd911c1207f4796d45432e7-1 and appears also at the afforementioned 7/Jan/2019 report. It is an old report so maybe more investigation of the voting behavior of this individual is needed into the ancient_reports.
  • The oldest recorded collateral address of the whale is XbJThVRq9Rg9uEKM1F4ZWWax14Xe4cyKVJ and appears in https://mnowatch.org/the_results_da...364255729856202177123552659054058857113834756 as a 44whale. Here you are the votes of this 44whale. A git diff could also be done, but I leave it as an exercise to you.
  • The whale keeps changing slightly his masternodes, often enough so that a continued history of his group is not preserved. The voting behavior of this individual is fragmented to several voting groups, that need to be discovered.
 
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vazaki3

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There is an interesting remark. Crowdnodes do not vote for the "decrease of proposal fee". Look at the latest report.
Strange, isnt it? What kind of crowdnodes are these, that are not interesting in decreasing the proposal fee?

The vast majority of the dash citizents abstain from voting, and this is a sign that they reject the faulty voting system (that gives unlimited voting power to a few persons) and also a sign of the (maybe absolute but surely relative, compared to other cryptos) decline of Dash .

When Dash was the 12th coin , approximately 158 individuals having 1 masternode were voting into the budget. Now that Dash is the 60th coin , only 58 people having 1 masternode are voting! The voting centralization, due to the restrictedless voting power given by the protocol to a few individuals, along with the vast abstention from voting, comes together with the decline of Dash .

Lets vote the numbers, and put an upper limit to the voting power an individual should have. This could be a remedy against voting abstention.
 
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vazaki3

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There is an interesting remark. Crowdnodes do not vote for the "decrease of proposal fee". Look at the latest report.
Strange, isnt it? What kind of crowdnodes are these, that are not interesting in decreasing the proposal fee?
My post ignited something, and suddenly the votes of the crowdnodes regarding the proposal fee appeared.
Maybe a daemon in crowdnode site was dead, didnt updated the latest votes, but now its up again.
Or maybe this is done on purpose, the admin of crowdnodes decided to cast the votes of the crowd the last minute.

The below videos show what will happen when the fishy crowd will invade dash.

 
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vazaki3

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Regarding the voting rights, the italian Cardano (currently the 5th crypto) offers voting rights for 500 ADA = 600 USD.
Dash, currently the 60th coin, offers voting rights for 1000 Dash = 140000 USD.

Are the governors of Dash , the dash masternodes, stupid? Yes they are.... Thats why they are in the 60th position, and keep falling.

Let the fishy crowd invade dash. It will destroy the valey, but this is the way for the valey to become fertile again.

Have you the courage to vote the numbers in order to re-define the minimum and define the maximum voting right?
Have you the courage to adapt, have you the courage to change?

 
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vazaki3

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Dash Address
XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
Regarding the voting rights, the italian Cardano (currently the 5th crypto) offers voting rights for 500 ADA = 600 USD.
Dash, currently the 60th coin, offers voting rights for 1000 Dash = 140000 USD.
The cardano community, after a long battle, they managed to acquire voting rights for more people.
Due to this decision and some other decisions too, Cardano is now coin number 5, and more important than that, very active in social.

ADALove Feb '18 said:
(This post was inspired by @lovelacepool’s excellent comment 20 in our Rewarding Our Community’s Contribution’s 10 thread.)
If you’re short on time, everything you’re about to read is based on this fundamental question: Every new currency (crypto or fiat) is initially concentrated in the hands of a few people, but what incentives do those people have to distribute the new currency (and corresponding economic/political power) throughout an economy based on the best interests of the ecosystem?
Now, here’s the deeper exploration of that question. . . .
The Reality of ADA Supply Today. By now, many people in this community know that I believe in (and literally love) Cardano’s potential. However, based on the AdaTracker 311 tool, ~80% of all the ADA in circulation today is in the hands of a small number of anonymous whales. (The top-100 holders alone own nearly 50% of the entire issued supply.) I understand that every project must start somewhere and Charles has briefly talked about the whale issue 117 in general terms, but no specific risk-mitigation steps were mentioned. This issue is concerning to several of us in the community; and I’ve been asked about this by other important stakeholders in my network privately.
Resolution on This Issue Will Reduce Friction on Large Projects. I’m planning to commit very significant resources and relationships to several Cardano-based activities, which is why I shared some of my general concerns previously in the How to Prevent Cardano Domination 26 thread. However, at that time, I didn’t realize ADA was so concentrated; so, I was more focused on external threats, but this is now an internal threat from within our community. And I’ve been asked about this issue multiple times already; so, it’s clear that this will create increasingly greater friction as more people become aware of the high concentration of ADA in the hands of a few. So . . .
How Do We Prevent Domination from Within Our Community? I have great respect and appreciation for the entire Cardano team, but we have no idea who these anonymous ADA whales are today. (IOHK knows, but the community does not.) All we know is they are private investors who probably invested to make a profit. That means they’re going to hold onto their ADA for as long as necessary to maximize their profit. This leads to many important questions:
  • Will they hold their ADA for a year, five years, forever?
  • When will they dump their enormous ADA wealth into the ADA market?
  • Is there anything in their ADA voucher contracts that legally requires them to sell their ADA on any particular schedule to minimize the impact on our ecosystem?
  • How will they vote with their massive stake on crucial technical and governance issues? (Stake-pooling cannot overcome a whale bloc that controls 50-80% of existing stake.)
The Whales’ Profit Motives May Not Always be Aligned with Our Ecosystem’s Best Interests. At any moment, these whales have the power to severely impact the entire ecosystem to serve their personal profit motives. Competing blockchains and adversaries can (and will) use these facts against us to claim that Cardano is an elaborate scam primarily intended to serve the interests of the whales, with all the other great goals taking a backseat to the whales’ profit motives. At this point, we have no objectively verifiable response to this accusation; so, we are forced to essentially say, “Trust the whales; they’re nice mammals!”
Cardano Is Supposed to be a Trust-Less System, but How Can We Trust Anonymous Whales? I’m sure they’re all nice and trustworthy mammals, but one of the most important goals of Cardano is to achieve a trust-less economic system that does not require faith in fallible human nature or unknown whale intentions. I’m not questioning anybody’s intentions, but these anonymous whales currently thwart the spirit and intent of that goal. At this moment, it appears that these whales represent an even greater potential threat to ADA than the Federal Reserve is to USD today because the Fed is at least theoretically accountable to the will of the American people indirectly through the election of the president and members of Congress, who appoint the Fed Chairperson. However, these unelected, anonymous whales are protected and entrenched by anonymity and contract law, which supersedes all other mechanisms of democratic governance.
ADA Voucher Sale vs. ICO. Charles/team elected to execute a private placement (voucher sale) for private investors. This approach has trade-offs: Private placements are generally more efficient, they’re perceived to be more respectable and regulatory compliant, and they avoid the stigma associated with scammy ICOs. However, private placements also concentrate wealth and power into the hands of a relatively small number of whales. Some people think this trade-off could represent a fatal flaw in Cardano’s long-term governance model. Whether that’s true or not depends on the specific terms and conditions of the ADA voucher purchase contracts. So . . .
What Were The Terms & Conditions of the Voucher Sale? Does anybody have a link to one of the actual contracts? If Charles/team are as far-sighted and thoughtful as I believe they are, then they probably included some kind of forced liquidation clause in the contract so that the whales would be legally compelled to trickle-sell their ADA (regardless of profit considerations) based on some pre-defined schedule. Of course, most investors would be resistant to this provision, but without it, the entire ADA economy is at the mercy of a few whales. That would create an outcome that is even worse than the most socioeconomically unequal societies on Earth today.
Repo Contracts Are a Good Precedent. The “forced liquidation” provision could operate similarly to a repo (forced buy-back) contract in the institutional trading/investment world. If repo-like features were included in the voucher purchase contracts, then this entire issue is relatively moot because we will be able to see the terms and conditions and then trust that the anonymous whales will be legally compelled (enforced by contract law) to slowly and predictably liquidate their ADA positions in the open ADA market. But if they’re not legally bound by any such provisions, then this issue remains a very serious long-term concern and it will create a perpetual dark cloud over Cardano’s long-term development.
Transparency is Not Enough; Actual Decentralization of Power/Control Is the Only Solution. We can all easily see that billionaires today control vast swaths of our planetary existence, but merely seeing them doesn’t change the fundamental reality: They have too much power/control over our planet. I don’t think it’s appropriate to force private investors to reveal their identities publicly because I believe privacy is a human right. Regardless, even if we knew the identities of all these whales, that transparency still wouldn’t change the fundamental reality: Too much concentration of ADA power/control in the hands of a few whales.
If Decentralization of Power is Not Achieved Early, It Becomes Virtually Impossible to Achieve Later. Even with the best intentions and highest integrity, most humans can’t resist the allure of power. This is why Lord Acton said, “absolute power corrupts absolutely.” Once humans have it, it’s extremely difficult to persuade them to relinquish their power. I know Charles/team have been thinking about this issue for a while, but unless they included a legally-binding forced liquidation provision (or functionally equivalent provisions) directly in the voucher contracts, then a post-hoc solution is not obvious or easy. That means it could become very difficult to exert enough influence over the whales to persuade them to liquidate enough of their ADA holdings to create balance and trust in Cardano’s (theoretically) trust-less monetary system.
Cardano’s Monetary Policy Is Not Enough to Create Long-Term Trust. Whenever I’ve seen similar concerns expressed in the past, the team directs people to the Cardano monetary policy 17. That’s a good start, but that only accounts for approximately 20% of total issued ADA to IOHK/Cardano Foundation/Emurgo. That doesn’t account for the other ~70-80% that is controlled by whales that are anonymous to the community. Thus, the published monetary policy is not enough to give us confidence that the ADA economy will not be dominated by a few whales. Even with stake-pooling, the current ADA distribution profile makes it impossible to achieve Cardano’s full potential for many reasons.
Suggestion: Establish a Timeline to Achieve a Specific Gini Index Target. The Gini Index (aka “Gini Coefficient”) is the standard tool used by governments, the IMF, World Bank, and many NGOs to measure and compare the concentration of wealth (also a rough proxy for the distribution of political power) within and between countries/economies. The team already has the data to publish Cardano’s Gini Index right now. Given what we already know, the Gini Index is obviously very high (probably at least .80). However, publishing a Gini target and demonstrating meaningful progress toward achieving that target would be a powerful tool to reduce the fears and anxiety of many people in our community. In fact, this publicly accessible tool (and several others) could then be used to gauge the health and integrity of the ADA economy on an ongoing basis. This would give the community advanced warning so that we could hold a vote to take steps to prevent unhealthy concentrations of ADA in the future, as necessary.
How Would Cardano Land’s Gini Index Compare to Other Countries Today? For perspective, the most despotic, anti-democratic, and economically unequal societies and regimes on Earth (e.g., South Africa, Haiti, Namibia, Central African Republic, Saudi Arabia. . .) have Gini Indexes between .40 and .65. The U.S. has a Gini of .47 (using the CIA’s measure, not WB). Anybody who knows anything about the U.S. economy knows the U.S. ranks nearly last among OECD nations in terms of economic equity/equality, which is why it has such a high Gini index compared to the OECD average of .31. Currently, the ADA economy is far more concentrated than all the most unjust, inequitable, and despotic countries on Earth. Of course, that must change if we want humanity to take ADA seriously as a truly global cryptocurrency.
What Gini Target Should We Establish? This is not about socialism vs. capitalism; it’s about creating a truly trust-less economic system that can be a viable foundation for a truly just and equitable economy and society. Capitalism is broken in many countries today because their governments have substantially ignored the inevitable consequences of high Gini Indexes. Cardano Land cannot make the same mistake if we want ADA to be adopted on a global scale. To accomplish that, Cardano’s Gini should not exceed the .30 to .40 range; so, I recommend an average target of .35. When countries/economies begin to exceed that range, they inevitably suffer from unhealthy concentrations of economic and political power, which destroys their middle classes, destabilizes their societies, amplifies ethnic tensions, destroys the integrity of their political systems, sows the seeds of corporate/government tyranny and injustice, and creates the conditions for conflict and war.
Request for Clarity & Comments. I’ve invested a lot of time and resources into Cardano/ADA and this community already and I intend to invest much more, but there is a growing population of people who need clarity on this critical issue to have confidence in the long-term future of Cardano Land. So, if this issue is important to any of you, please comment and/or like this post to draw the team’s attention to this issue so we can get some concrete answers/solutions from the team ASAP.
Thank you!
I hope the Dash community to follow ADA's paradigm, give voting power to more actors, and reduce the minimum amount required in order to have a vote . Ideally reduce it to 5 dash, so that I will be able to have my own vote too. That way I will not depend on the mercy of the generous masternode who currently lends me his vote and keeps me alive.

Dash masternodes should do this ASAP. unless of course they want to fall even deeper into the pit of oblivion.
 
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