11.55M votes concentrated in one hand basically reduces proposals to a game of convincing ChaosDAO
This is autocratic and vulnerable to corruptions
What can make us certain they don't negotiate privately and pass the proposals that secretly provide them with financial benefits?
Here are some DOT price figures Year To Date:
DOT/BTC: -69.88%
DOT/ETH: -55.05%
DOT/SOL: -70.23%
Obviously we MUST start doing things differently
In #1286 we've proposed a different approach to get Polkadot on track to have a real life utility to move it beyond speculative trading — I believe this is the way to end the price carnage, exponentially increase the demand for DOT, and make this coin a household item
But ChaosDAO saw us as outsiders that they lack any perhaps questionable "connections" to and slashed the proposal without even giving any thought to the idea
Dear Polkadot community, this needs to stop NOW so that Polkadot can have a bright future
We are here and ready to make everything with 100% transparency and work around the clock to get the job done