Just want to throw this idea out here, in case it has not been broached before…
As I understand it, individual Algos held in wallets that are committed to or associated with (not sure of the correct terminology) any participation node are eligible to randomly participate in consensus for each block – this is the basis of PPOS and Algorand’s elegant, decentralized design. However, I believe most retail Algo holders will not have wallets (or Algos) that are associated with a participation node, so in reality the random pool is currently somewhat centralized to early holders and coins associated with the Foundation and Inc.
What if instead the Algorand wallet gave any user the option to choose from a set of participation nodes to associate their Algos with? These nodes could perhaps offer this service for the health of the blockchain, or perhaps a subscription model could be designed where the node would receive a small fee for performing the service. This might even encourage more people to create participation nodes.
If all or most of the extant coins in Algorand wallets were participating in consensus, wouldn’t that be the most distributed and decentralized version of the chain? I think someone should ask Silvio what he thinks