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polynya
@polynya
Glad to see the "ZK Nation" token live up to their promises of 33% insider allocation, just as 50% or more has become the industry standard. Two things holding me back from considering delegate candidacy on day 1: - <<<50% of token supply circulating - Lacking commitment for an inclusive non-plutocratic voter base
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Alex G.
@gluk64
Can you elaborate on what you mean by an inclusive non-plutocratic voter base?
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polynya
@polynya
Sure, currently the Token Assembly is a plutocracy, where a handful of whales effectively control ZK Nation. This is in direct contradiction of the ZK Credo, and in general, freedom. There needs to be checks and balances on the Token Assembly's power, with an electorate that isn't determined purely by tokenholdings (i.e. non-plutocratic). I understand there's Guardians, but there needs to be more. Optimism is attempting to do this with Citizen House, but there can be other mechanisms - e.g. users of the protocol. It is of course a difficult problem, and progress with Optimism Citizen House has been slow, but at least there should be an intention - which I'm not seeing enough of in ZK Nation's documentation thus far. https://polynya.mirror.xyz/AJ89iCtY_fQ6KG1vBvzgyQhXAeNtNTwhzdLqqR7asA8
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Alex G.
@gluk64
> ...there’s being an actual Decentralized Autonomous Organization and not having any governance at all... Bitcoin is the closest to achieving this goal, and I hope Ethereum gets there soon too. Ungovernance is the ultimate goal of the ZK Credo.
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polynya
@polynya
Realistically, it's a long road to get there, so in the interim it's important that there are checks and balances against tokenholders
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Alex G.
@gluk64
100% – that's why the guardians are there. I'm curious how you think these mechanisms can be made more inclusive? For example, how is OP's House of Citizens fundamentally different from Guardians?
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Alex G.
@gluk64
On user-owned networks: https://x.com/nic__carter/status/1804926200898589034
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