You can’t do that…. Sybil will come … Collusion … Greedy Whales.

The community is annoyed.

When I say “the community” I mean those who I speak in the channels where I listen.

There is a much wider community that isn’t engaged because well, they might not even know they are in a community, or want to be for that matter.

They just like owning a coin called EOS and hope someday it will go up so they can sell. They won’t read this or anything else that is published on the many issues we think we have in EOS.

Why ?

Because that is not their interest, and that is ok!

The problem I’d like to discuss is we have a BP payment system which isn’t working for those in the community who care.

DPOS is broken, or doesn’t work on EOS. I’m a student of DPOS, still learning but the premise is that voters will vote with their stake to protect their interest.

It works for Micro (them) but not for Macro (everyone) and without a balancing Macro strategy the whole economy will continue to have downward pressures.

Whales will never vote to change a system to one where they get less. So what could we do to get them to vote for a system which is better for everyone where they get more too?

Edit — In original post I suggesting changing BP inflation to fund this, but it could be also come from other revenue sources, or a redistribution of the current 1% ...

First let me explain how it currently works.

Currently BP pay is broken up in 2 parts.

25% for Block Production

75% for Vote Rewards

Earn 100 EOS or more in 24 hours get paid that amount.

Earn less, get nothing.

I hate the current system, and have written about it before. It does nothing to enhance the security of the network. For teams to invest in their infrastructure or teams. The assumption that the higher rewards at the top would have us all competing and make the world a better place was wrong.

My proposal today is to change the distribution of BP and include a ratio for Community Reward which is calculated by the percentage of voting accounts supporting each Block Producer.

Get 0.1% of the voting accounts voting for you , get 0.1 % of the Community Rewards for that day.

One possible change in the Ratio could be

20% for Block Production

40% for Staked Vote Percentage

40% for Voter diversity

Yes there could be a cap.

Yes there could be controls.

Yes there could be changes.

The main point is with an additional lever in the mix would the community feel more empowered.

What do you think? Is everything fine as it is, or could we find improvements?