There are so many discussions going on across the EOS Community that it’s hard to catch a breath, let alone keep up. Most of the ongoing discussion is around trying to balance ensuring that we have Block Producers capable of supporting the development of the entire EOS ecosystem while also ensuring that the same Block Producers don’t get rich in doing their job.
We are trying to become an active BP for EOS and have laid out our principles in our initial post on Steemit — https://steemit.com/eos/@eosdublin/eos-dublin-block-producing-candidate-happy-st-patrick-s-day
The overarching principle I try to adopt in everything is:
DBAA — Don’t be an asshole.
When I’m perplexed on a decision tree, I choose the option which ensures I’m aligned with DBAA.
The beauty in the system under development is that there are checks and balances built in. The one year distribution of initial EOS tokens is being executed flawlessly, it will result in a wide range of EOS token holders. Only those invested in the success of the system and who are willing to stake their EOS to vote can do so.
Voting and the fear of large token holders exerting the undue influence over the entire network is source of most of the discussion on the Telegram channels.
Which led to me asking the question on the Governance Channel.
Should token holders with the largest stake really get the largest amounts of votes?
Is it really equitible for an entity with the largest stake to have votes in proportion to their ownership of the network?
Should there be a one person one vote equivalent for entities which qualify to vote? I’m not sure yet, but there is certainly merit.
In most clubs, communities or societies, once you’re in, your say is equal to other members, regardless of the extra resources that the other members might have. I understand that those with most to lose may feel they need more power to protect their stake and interests.
But “most at stake” is subjective, My material loss would be non-material to others.
All around the world, communities are looking to blockchain to both eliminate voter fraud and enhance citizens ownership & accountability.
In EOS currently we seem to spinning around having the same discussions on the nuances, the edge cases when the focus needs to get back to the principles.
The discussion then turned to the topic of paying for votes.
My principle of DBAA applies here. As a BP candidate we will sign and support a constitution which says we won’t pay for votes. After that I believe we should be allowed to get on with running our own business and serving the community’s needs.
EOS is a super interesting project, with stakeholders from all countries and legal frameworks. But I strongly believe we should hold ourselves accountable to the highest standards.
“What is important is seldom complicated, and what is complicated is seldom important” — DMW
Our focus needs to be on creating and supporting the foundation upon which great innovations will be built. DBAA & Do no harm and we will all watch in awe the innovation and value which will be built on top of the base layer our BPs will support.
As long as everyone’s interests remain aligned and pointing in the right direction. The Future is blindingly bright.