@0xSword Absolutely agree with you and your efforts regarding the voting. And we agree, the recent GwG election should be a wakeup call for the DAO. Thing is, we - who care - know that the voting system is inadequate for what the DAO is trying to do and achieve. But we lack the power or tools to change it.
This is what @badteeth stated in my AIP:
“In order to convince whales to sacrifice some of their perceived power, you’ll need to get them to understand that creating a loop of equitable voting empowering meaningful grants that add use cases and value to the $APE ecosystem is in their best interest. Which of course it is, because the more we decentralize $APE the stronger we become. It’s a tough but valuable road - thank you for taking this on.”
And that’s basically the gist of it. As I stated in my AIP, nobody is going to give up control without either getting something in return or recognizing that not relinquishing that power is a bad idea. So, the end result is that we have to leave it up to the whales to “do the right thing, for the greater good”.
Ah, but it does take away their voting power because, for example, reducing Machi’s from 4.4M to 1M is taking away a massive amount of his token voting power. He has zero incentive to agree to do that - and why would he?
I am glad that you brought this up because some of us have been discussing this specific issue since AIP-304 passed, as it’s still unclear what his plans for the $DAM tokens are.