@trekianov I understand the incentives structure and am not arguing with that. Edit: Furthermore, I think your argument strengthens the position that we don’t need a global quorum because there are already strong financial incentives for xGovs to vote and thus produce a valid session.
I acknowledge that this is a stake-based voting process, but we should also acknowledge that there are real people behind accounts.
I think it is important to avoid any situation in which some unanticipated issue (such as another technical problem with institutional custodians) on the part of a few participants can invalidate the votes of a few thousand other participants.
Just because we aren’t doing KYC to have a 1 person = 1 vote system doesn’t mean we should ignore the fact that certain outcomes would be a huge slap in the face of many of the chain’s most engaged users.
Note that I am not suggesting 1 account = 1 vote, because we all know that creates incentives for Sybil attacks.