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RE: ARCHON Governance and Multi-Signature - The key to POB decentralization and governance

in Proof of Brain • 3 years ago

I love this, music to my ears everytime discussions are going on.

The proposal idea is great and is quite what we already have. Turning the pob-fund account into multisign is also great.

I'd like to ask though, is there any difference between your ideas for proposal voting and what @proofofbrainio says in his last post that went like this:

More than 50% of stake must vote on "yes" or "no" to make the decision.

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3 years ago in Proof of Brain by
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     3 years ago  

    is there any difference between your ideas for proposal voting and what @proofofbrainio says in his last post that went like this:

    The major difference is it is all automated .

    Right now @proofofbrainio has to calculate the 50% stake and all which might lead to some mistakes too ( human error can't be ignored ) but the ARCHON governance automates everything and calculates everything by itself .

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       3 years ago  

      Ok, this bit about automation is great.

      But something isn't so clear. Is it that total votes (whether yes or no) must be up to 50% of Stake? Or is it that the individual options must have up to 50% votes to pass like 'yes' must have up to 50% stake votes to pass and 'no' must have up 50% stake votes to pass.

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         3 years ago  

        See

        1. 51% of the whole POB staked must have voted ( either yes or no , it doesn't matter first , basically 51% must and should vote )
          Ex: Let's say totally 100 accounts have staked 1000 POB .

        So in order for the proposal to be valid 510 POB staked accounts must vote ( if this is only 2 accounts then also it will be valid )

        1. Now let's say 60% have voted either for yes or no okay ? Then 1 is valid . Now out of this 60% people , if 50%+ has voted for yes then it passes otherwise it fails .
          Remember , here too the 50% is based on POB staked . So

        Ex2: If 600 POB staked account have voted , then 300+ POB staked account should have voted for YES for the proposal to pass .

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