Reform of the Voting Systems in the ApeCoin DAO

[SmartAPE]

@DavidW

A vote’s about to pass that will buy one man a BMW, so I’m sure that’ll fix the problem

heh. I am all but certain that Mocaverse is likely to kill it again. In fact, they’re on track to do just that.

[LOR3LORD]

I’m getting smarter. I’m basically A.I absorbing information at this point. Osmosis or something.

[romantik]

@DavidW

When the vast majority of the votes are held by a few individuals, you have neither a democracy nor a DAO.

what does it have to do with my comment you reply to? )

[DavidW]

You wrote that “the budget proposal needs to get the majority of the votes”. I was pointing out that the “majority” of the votes may come from a few whales and not from the larger community. This isn’t necessarily a bug in the system. I hope to do more research on different DAO governance methods to see how different DAOs deal with what a “majority of the votes” would mean.

[LOR3LORD]

@chimperton

People need to read more. Specifically in this instance, read more about the history of human governance and political systems. From this you can see example after example of how when money begins to be the core differentiating factor over who controls said political and governance systems, that corruption sets in, and slowly but surely (well, sometimes very quickly) they go down in flames.

would you be up for one wallet, one vote?

[SmartAPE]

@chimperton

For example Yuga just stepped in to create a new massive voting block for MBA participants, using Yuga’s $APE. In one sense it’s more active participants who can vote with a lot of power via delegation. In another sense it will further dilute the power of small and large voices alike, who actually purchased their ape.

Precisely this. As I said in my thread BREAKING! Yuga To Delegate 6.5M APE to MBA Holders on this, imo the right play would have been to delegate it to the DAO community.

[likkee.eth]

But who or which group to select if delegated to the DAO community—that’s another question.
I personally think that it will be best to delegate to Gordon and Garga for 3M each; it also can prove that they’re overseeing what’s going on in the DAO.

[SmartAPE]

I hope they hodl. It’s the only way to show commitment to da club.

[SmartAPE]

@likkee.eth

But who or which group to select if delegated to the DAO community—that’s another question.

That’s easy. I actually designed a system for how that would work. AIP-474: Delegated ApeCoin Community Voting Wallet

[likkee.eth]

That’s bully to all voters

[DavidW]

@chimperton

each founder if they didn’t dump their bags would have about 15,000,000 $APE at this moment in time

Good lord. What to even say about a space that gives out such wealth.

[LOR3LORD]

@bigbull

So 100k APE is only 56k which is less than 30% of what they ask.

I wholeheartedly agree.

[bigbull]

It would be good to get some thoughts from Special Council on this important topic @Special_Council

[bigbull]

@capetaintrippy do you see Banana Bill tying into this? Where deals you and/or internal Banana Bill evaluation believes they are commercially viable, could also be voted on.

E.g. between two commercially viable options?

Or you see the voting system purely for non commercial grants.

Also as a former Special Council good to get your thoughts. As no current Special Council has commented here or privately to me on this important Governance decision.

[LOR3LORD]

@romantik

tbh, I do not see any issues with having a requirement of having 100K-APE-support to propose AIP. If the proposer can’t get 100K APE to support the AIP draft it will fail the vote anyway.

I have some issues with this statement. First, even if someone only has one $APE they should be allowed the opportunity to sway voters one way or the other without having 100k.

This can be done in comment sections, spaces, etc.

Also, a failed AIP is not a bad thing. Folks can try it, fail, and resubmit based on feedback from comments, and voting. It also lets people know what has been attempted in the past that did not work.

My only pro on this, that I am being slightly convinced, is the idea that it may unclog the system a little bit, where Facilitators are not bombarded with AIP’s that may not pass, and help those with more potential to get through, thus making the phase from Draft to Live a little quicker.

But I’m not sure the cost is worth the benefit.

[SmartAPE]

@bigbull

As no current Special Council has commented here or privately to me on this important Governance decision.