i would be weary of giving too much power to the rich. although any dampening of wealth opens exploits to sybil accounts. to combat this, identity/KYC systems can be employed, but with the sacrifice of permissionless-ness. it’s a delicate balance.
a measure of breadth and depth of governance contribution is important. if you only vote on one item with 10,000 algos soft-staked, you are probably less valuable as a governer than someone who voted on 50 items, yet only soft-staked 100 algos. this of course assumes their depth level is reasonable – ie. they were diligent.
one way to measure this is to hold a peer-to-peer review of importance. the coordinape tool comes to mind, although it can be done in a plethora of ways. these reviews are notoriously hard to get right. beware.
ah yes… allocation of resources for public goods. i’m an active member in the gitcoin DAO and this is a problem we have dedicated workstreams to solve (like for example, the fraud detection and defense workstream that i am a leader in).
we are collectively building the 2.0 version of gitcoin grants where we are adopting a more modular approach for funding allocation. the goal is to provide all of the tools and processes needed to conduct resource allocation (based on the consensus of the community) without sacrificing legitimacy.
i would love to facilitate a collaboration between algorand and our fraud detection and defense workstream within gitcoin for fraud resilient governance fund allocations. this could be amazing!
this is called 1 dollar 1 vote (1d1v) and means that the rich potentially have unfairly amplified voices over the poor majority. we use quadratic funding, although it’s ripe with exploits so it should be proceeded with caution.