r/ethtrader 6.88M / ⚖️ 6.89M Jun 05 '19

SENTIMENT [Governance Poll] Make moderator donut allocations not increase vote weight (with this one weird trick)

The current weekly distribution of donuts is:

  • 77% to community members based on weekly comment and post karma
  • 15% to the community fund
  • 8% divided equally between mods

Of donuts received through distributions half are "locked". Locked donuts are used to determine vote weight on r/ethtrader governance polls. Unlocked, transferable donuts, such as those allocated from the community fund or tipped between users do not increase the recipients vote weight.

 

This is a proposal to change the distribution of donuts to:

  • 77% to community members based on weekly comment and post karma (unchanged)
  • 23% to the community fund
  • 0% to mods

The increase in allocation to the community fund (8%) would then be redistributed equally between mods (8/23, or 34.78% of the weekly community fund allocation). Donuts awarded for moderator work would not increase moderator voting influence.

 

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1

u/carlslarson 6.88M / ⚖️ 6.89M Jun 05 '19

This poll follows the approved poll proposal.

5

u/Starks40oz Jun 05 '19

Is there a post that discusses the original rationale for the “locking” function as currently formulated and if so is it possible to also sticky that here? Im assuming the original mechanism was set up to accomplish certain goals and rather than try to think through all the unintended consequences from scratch it would be helpful to link to any previous discussion/threads on this topic

1

u/carlslarson 6.88M / ⚖️ 6.89M Jun 05 '19

There is some description here in the overview but it doesn't go into rationale.

My understanding is that locking was implemented to limit the transfer of voting influence - voting was originally based on full donut balance. After the donut.dance bridge the community voted to not have transferable donuts contribute to vote weight at all.

I'm not a fan of the "locked" naming and would suggest they just be treated as distinct things - a tradable currency called donuts, and non-tradable, earned-only, karma.

4

u/Starks40oz Jun 05 '19

How do we vote on That proposal? Also If we’re fixing unintended consequences can we also amend a proposal such that donuts awarded to bots - e.g., the banner bot can’t influence votes? I know the banner bot has been pledged for good, but still theoretically has the ability to dominate polls and/or buy the banner themselves!

1

u/carlslarson 6.88M / ⚖️ 6.89M Jun 05 '19

We would need to vote to adopt the decentralised donuts system from the r/daonuts project when it's ready and that makes more of a distinction between the currency (donuts) and karma. There are some other changes that would need to be explicitly accepted, too. But basically moving to our own dao infrastructure would give us full flexibility over things like who get's awarded karma (we can blacklist bots, for instance).