My governance proposal

3mos ago
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My governance proposal

Feel free to interject, here are my thoughts. It's a living document, and open to critique. I'm trying to provide solutions, instead of complaining about a problem.

QUADRATIC VOTING .

-square the number of votes you'd like to submit to find out how many DOT that vote requires your account to possess in order to vote.
For example:
1 vote requires 1 DOT.
5 votes requires 25 DOT.
9 votes requires 81 DOT.
And so on....

To prevent a sybil attack, I propose accounts with less than 256 DOT (close enough to the staking minimum) must pay 0.5 DOT as a gas fee to vote. This encourages whales to not spread their millions of DOT across millions of accounts to hedge their loss of voting power.

NON-TRANSFERRABLE REPUTATION TOKENS .

Named 'HONOR' tokens from here on out

-Attached to your network address.
-When the account is reaped, the reputation tokens are burned.
-They are non transferable.
-Honor tokens can be lost via consensus as a mechanism to protect the network from account compromise.
-Anyone can earn Honor token.

Honor tokens would serve as a decentralized method to build a reputation and trust for benevolent actors.

SENATE

Synonymous with delegation.
Those with the most honor token have option but not obligation to accept an invitation to become a senator, if nominated.

-senators are nominated via community voting.
-senators are the only ones that can submit referenda.

-senators are the only ones who can vote for referenda.

-senators must stake enough DOT to earn rewards on the network.

-senators earn bonus DOT for voting on referenda.

-senators lose honor for not voting.

-senators can be slashed for malicious intent against the network. This is voted upon by the community.

-when honor token is below a threshold, the senator is removed from the senate.

Now, you have to, the floor. Thanks for looking.

########EDIT##########
Thanks for the feedback!
So far I see no criticism of the Quadratic voting mechanism with a sybil tax. If this remains the case for a few more days, I'll drop that idea on polkassembly for more discussion. Thanks, team! We can't do it alone! Thanks for the effort!

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