Perhaps time held adds weight to the ADA used in voting? I imagine this could be quite challenging to calculate if a given wallet is frequently receiving and sending UTXOs
We discussed it in the convention and I learned that it's feasible to implement at protocol level. Utxo includes date of the oldest epoch where last confirmed, so computationally it's a piece of cake, no need to traverse history. First thing that brought up as downside is still the ability to sell votes and using dorment UTXO's for that. However I think it will be worth it and helps a little with the conviction of asset appreciation. Another thing I learned is that we should not fix our ADA supply and at some point think of inflating it a little to reduce the power of large stakeholders
@TevoSaks Thanks for the info! Funnily enough, Dapp Central just mentioned a 3-factor governance system CIP under the CF Github (948). It also includes logarithmic ADA weighting. Great to see this developing out in the community.
Perhaps time held adds weight to the ADA used in voting? I imagine this could be quite challenging to calculate if a given wallet is frequently receiving and sending UTXOs
We discussed it in the convention and I learned that it's feasible to implement at protocol level. Utxo includes date of the oldest epoch where last confirmed, so computationally it's a piece of cake, no need to traverse history.
First thing that brought up as downside is still the ability to sell votes and using dorment UTXO's for that.
However I think it will be worth it and helps a little with the conviction of asset appreciation.
Another thing I learned is that we should not fix our ADA supply and at some point think of inflating it a little to reduce the power of large stakeholders
@TevoSaks Thanks for the info! Funnily enough, Dapp Central just mentioned a 3-factor governance system CIP under the CF Github (948). It also includes logarithmic ADA weighting. Great to see this developing out in the community.
Let's be honest flat screen and mono even stereo mics can be easily bored.
Zygo is a good talker. Raul is real builder. Roman is lil bit scary old uncle vibe.