About the Governance category

Governance
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A new category devoted to the discussion of onchain voting in support of new community rewards and incentives.

4 Likes
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Amazing path towards governance decentralisation. Is there a beta wallet available to experiment the voting process ?

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Excellent direction to be heading! Other coins have no idea how to incentivize voting due to fear of automated scripts that will randomly vote just for rewards. Locking the coins for one year will help induce scarcity which will help push price up. This governance model is a great start however I feel it is also over complicated in some parts. It is ok that consensus can be complicated because it is carried out by computers; however can the governance model be simplified? I like the locking, but what if voting wasn’t incentivized? How else do you stop the bots from auto picking random options in exchange for additional rewards?

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Enthusiastic as well about this! This is really consistent with Algorand’s vision, it only makes sense that the Foundation isn’t the only one to make important decisions on the projet.

Is there already a rough roadmap? When should we expect to see governance introduced on the -Nets?

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We whould have a webinar to explain how to participate.
Tks !

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There are very few ways I am aware of that would allow to prevent bots in a fully decentralized system. Essentially these ways are the ways to build a blockchain: proof-of-stake (your vote weight is your stake), proof-of-work (your vote weight is the amount of power you are willing to use to solve some puzzles - this is not a reasonable mechanism for humans to vote), proof-of-space, …

2FA on blockchains has two issues:

  1. It needs a centralized systems (recent articles such as Cryptology ePrint Archive: Report 2021/210 - YOSO: You Only Speak Once / Secure MPC with Stateless Ephemeral Roles might solve this issue though, but it’s not implemented)
  2. It anyway does not solve any bot issues: if a user can setup 2FA, so can a bot

CAPTCHA could be used, but again there is the issue of generating CAPTCHA in a decentralized way. In addition, most CAPTCHAs get quickly broken (just as a concrete example on Algorand, some malicious people “steal” a lot of completely fake Algos on TestNet dispensers by breaking CAPTCHA regularly, while those Algos have no values and no relation to the real blockchain and are only used to test applications by developers).