The Endgame, proposed by Rune, has passed the MakerDAO governance vote. While 122 persons have voted, only one matters as he represent 63% of the turnover and 74% if we use influence.
#decentralization
1/n 🧵
#decentralization
1/n 🧵
Most big voters are delegates (a cool system). They are paid in line with the amount of MKR they get delegated.
So it is fair to say that when your biggest sponsor is 51%+ of your compensation, you listen.
Which, oddly enough, brings #centralization
2/n
So it is fair to say that when your biggest sponsor is 51%+ of your compensation, you listen.
Which, oddly enough, brings #centralization
2/n
It doesn't have to be this way as MKR is quite decentralized in holdings, just people don't vote nor delegate. @a16z is one of those who does it a little.
MKR bagholders, bring your voice to the party. Whatever your voice is.
3/3
MKR bagholders, bring your voice to the party. Whatever your voice is.
3/3
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