Quadratic Governance: A Solution for Jupiter DAO or an Overreach?

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41

my aswer is no, to quadratic,
more work, can be manipulated or politicized.

so we have the problem of the whales yes, that economical are going to disagree on certain things,

yet lets not forget the huge airdrop we are doing, in a decentralized way,
sharing and growing the pie,
the thing would be to incentivize people to stake more JUP, use the airdrop for this,

40% of all tokens are decentralized distribution,
this is your counter weight for your whales,
whales bring in real new money, witch every ecosystem need,
the airdrop brings new users, with carrots ect, they will gain confidence to stake.

and they will sell, at some point, “the whales”
here is where the PIE comes in, need new users to stake more jup and take control of gobernace. as the whales sell, new carrots can increase their staked jup, from the airdrop, and once confidence in the proyect is achived, buying the dip from the whales sale offs,

If I make any sence??
xD

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42

yeap, the aswer agaist whales is buy more and stake more JUP, or use airdrop for more staking.

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43

Having a system of voting that favours whales has very little to do with a decentralised Dao. It doesn’t equate to having more intelligent people making the decisions either. At the beginning it made sense but now that Jupiter is bigger I would imagine you would want a larger proportion of the Dao having a larger say. Otherwise it’s factually a centralised Dao. Sorry.

Here you can see in the second vote of jupuary 9% have 40% of the voting power. This is way too imbalanced.

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44

1 JUP 1 vote, how does that favors whales?
they just bought more, you go buy more,
if we make the pie bigger, this works for everyone, whales and little fish.

inteligent work, will show for itself, its value, and it will be accepted.
it is still decentralized, as whiteout real users and lots of fish, the ecosistem does not work.

the whales just need to be reminded every now and then, that, without everyone’s participation, it does not work.

kind of like in “A Chrismas Carol”
xD

46

Dude, you just don’t fucking get it. You can buy as much Jup you want. When they impose thresholds, your stake doesn’t fucking matter anymore.
The 1st Jupuary vote passed with over 50% + 1 votes. Over 85% of the voters said “yes”. Still we had to vote again. Why? Because few whales and few insiders needed bigger rewards.
The results of the second vote:

  1. Top 10% of the active stakers get 75M Jup allocation + future ASR from Jupuary
  2. Good cats get 10M Jup allocation… that’s probably few hundreds of people (at most)
  3. Staking only users gets rewarded for doing nothing
  4. All these decisions are unilateral decision made by the team without taking in consideration real users.
    For the 2nd Jupuary vote we had 6k feedback, 6k out 600k wallets. That says a lot about the DAO.
    They told us the allocation for the traders, 85M Jup is more than enough because there are only 160k traders.
    85M to 160k traders (more than enough)
    Top 10% of the super voters (60k wallets) + few hundreds insiders = 85M Jup allocation
    That’s the fucking reality of the first vote, where the majority, from any angle, said yes to Jupuary.

P.S.: Now I regret the vote I gave for cutting down the supply ( I should’ve vote on my own interest).

47

dude, everyone gets a peace of pie,
not just for staking, the minimum is 50 JUP,

I could try farm the airdrop (biggest in crypto), spread my 10 BTC in 1000´s of wallets, does that mean, the voting is decentralized? i vote with 2 or 3 wallets, pluss the people i invited, will also vote for airdrop, as i tell them, some dont lisen and are preaty much burnt wallets,

good cats could be anyone, someone that promotes JUP in poor world areas and can hardly aford 50JUP to vote, and STAKE yes, if the proyect fails your JUP is locked my friend, this is putting trust, with your wallet,

risking my money is doing nothing? giving my money to a foreign wallet is doing nothing?

super voters is a way of giving a bonus yes, etc etc etc , they covered preaty much everyone,

if i give 1JUP to a million people, it does not mean we have more voting power that 1 guy with a million JUP, that is not how it works,

the TOP GUYS are getting less in proportion to their GAME, to me that is sharing the PIE, so everyone gets a bite and we can grow the PIE.
since from the first place, for someone with millions of JUP staked, he dont care about your airdrop, he just happy to burn 30% suply and cancel airdrop,
his value in JUP STAKED will increase, economicaly speacking,
YET as i said before,
if it does not work for eveybody, it does not work for anybody.

we will all sofocate, srhimp and whales toguether,

so…

share the PIE.

not eveybody is gonna be happy.

48

Dude… I don’t have time for your bullshit.
I gave you facts. You come up with nonsense.
Your top guys were beaten on the first vote from any angle.
Before the first vote (according to Meow) staking only won’t qualify for Jupuary.
The results?
The top stakers + insiders get the biggest allocation.
Please, if you can reply with real numbers, please do it. If you don’t, take a fucking break

49

If you do that? Lmao. Why don’t you do that?

50

Dude you just don’t fucking get it. You can do whatever the fuck you want, as long the majority agree with that proposal.
When you (unilateral) impose thresholds for the proposal, that’s a rigged vote. What’s so hard to understand?

51

the majority of JUP, not the mayority of people,

why a discord users that brings value should not be rewarded with carrots?
why a whale, who is actualy transporting the carrots, he should also get his part,

how do you cuantify this, how do you mesure it, numerically??
they are doing it manualy, the cheacking for bots and duplicate acounts manualy, one by one, to try to make this fair to everyone,
and yes, carrots are worth a lot more than one should think,
and also, trading in volume of thousands, also has its merits, neither should be ignored,

52

So everyone has its merits except real users.
Since when an employee worth more than customer? Based on your theory, the company will go broke after few years.
Sure the good cats should be rewarded. Sure the stakers should be rewarded. Sure the employees should be rewarded. However, everything comes from the customers (traders)spendings, not from a charity.

53

i am with darth vader bro, voting is stupid, in the first place, people waaagh mentality is worthless, we need some gobernance, hence the team, who are doing tremendous work.

the 70% thresh hold is that your issue??
what if that was done precisely to scare whales into voting yes,
since without the airdrop and new users nothing of this works.

you are the one that does not get it, the whales vote already burnt 30% of the supply, that means less new comers to the ecosystem,
now you also want to penalized small stakers??
why burn? and not give it away, as carrots, to new users, KYC or what ever sistem, this only benefits the whales, but that is what they voted, even dought i desagree, i prefer to give 1 JUP to each poor person in the world and i am still short, BUT, this brings confidence in the JUPITER world, both in gobernance, and trust in the team, that they will deliver what is spoken of, I know the come throught, i already now, this airdrop i saw it as a way to get other peoples trust, to use crypto, but most are not ready.

what is your problem? you are not happy with the voting?
you want every individual person to have a vote??

if you have a brilliant idea and you have only 1JUP, you should be recognized and rewarded,
the way i see it.

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54

No man.You are the one that doesn’t get it. The real users burned the 30%. Go get your facts checked

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55

I don’t have a problem with voting. From 17 proposals, how many had 70% pass threshold?

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56

bro 2 things on this,
BTC and all crypto is thing air, i tell you as someone who has mined whole BTCs, ETH, SOL, is all thin air, it works becouse we want it to work and we use it, no more, no less,

and secondly, I tell you this as a CHEF, i am the one working in the kitchen doing the stuff, trust me when i says this, if I do not want, nobody is eating nothing in this joint, i dont care if you are the boss, the ritch king or the lord all mighty.

customers yes, for desert a ipothetical question,
what is better, a few high volume costumers,
or low volume with trillions of users…

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57

Man you are wasting my fucking time

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58

all of them pass with strong mayority,
to me it was like sheep voting,
everybody voted yes in mass, to everything,
just been herded, or hive mentality, hype call it what you will,

but that is my opinion,
still JUP is home, however it turns out, for good or bad, we are all here.

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59

No man. All of them except one. You just don’t get it

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60

Yeah exactly right

Doesn’t combat the issue

I think we keep it simple 1 JUP = 1 vote

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61

Where are your high volume traders since November? Me, a NoNo, still here. Where are the motherfuckers you are talking about?
The numbers are keep going down. Everything… volume, users, fees.

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