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sponsorship_system_changes [03/12/2021 02:14] – gfactor | sponsorship_system_changes [05/30/2021 13:29] – gfactor | ||
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====== Sponsorship System Changes ====== | ====== Sponsorship System Changes ====== | ||
- | Here we will discuss the concerns with current sponsorship system and ideas on what changes should be voted on when the Voting System is implemented (next big development implementation on Qortal)! | + | Here we will discuss the concerns with current sponsorship system and ideas on what changes should be voted on when the Voting System is implemented (next big development implementation on Qortal)! This page is intended to get the conversation started and prepare us to immediately move on voting as soon as the Voting System is ready (which is the next big development in this current phase 2). |
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* Sponsors can sponsor up to 5 accounts at a time. | * Sponsors can sponsor up to 5 accounts at a time. | ||
* Sponsorship period is approximately 5 days (7200 blocks total) | * Sponsorship period is approximately 5 days (7200 blocks total) | ||
- | * Sponsors can sponsor approximately 30 new accounts per month in a perfect situation | + | * Sponsors can sponsor approximately 30 new accounts per month (30 day month divided by 5 day periods is approximately 6 sponsorship periods. 6 sponsorship periods multiplied by 5 accounts per period equals 30 accounts sponsored) |
* The current level 5 or higher accounts are QORA forger accounts (Founder accounts are also able to sponsor) | * The current level 5 or higher accounts are QORA forger accounts (Founder accounts are also able to sponsor) | ||
* There is evidence that at least one sponsor-enabled account has been selling sponsorships for profit through a Chinese chat platform targeting the Chinese community. This is unethical and totally against the fundamental principle of why we have the Sponsorship System to begin with. That is, we respect anonymity, but should do our best to only sponsor newcomers that we suspect are genuinely here for the right reasons which is NOT to MINE COIN, but truly believe in the decentralized concepts and are eager to help support the chain by running a node. In return for doing so, obviously there is a block reward but that is not our primary reason for getting involved! | * There is evidence that at least one sponsor-enabled account has been selling sponsorships for profit through a Chinese chat platform targeting the Chinese community. This is unethical and totally against the fundamental principle of why we have the Sponsorship System to begin with. That is, we respect anonymity, but should do our best to only sponsor newcomers that we suspect are genuinely here for the right reasons which is NOT to MINE COIN, but truly believe in the decentralized concepts and are eager to help support the chain by running a node. In return for doing so, obviously there is a block reward but that is not our primary reason for getting involved! | ||
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* The result is and will be two-fold: unfair block reward distribution and overpowering voting influence in the Voting System. So ultimately, both the integrity of the block rewards and voting will be compromised! Do you get the big picture!? | * The result is and will be two-fold: unfair block reward distribution and overpowering voting influence in the Voting System. So ultimately, both the integrity of the block rewards and voting will be compromised! Do you get the big picture!? | ||
+ | **The above are FACTS without any opinion convoluting them. Here are now the concluding thoughts by G Factor:** | ||
- | ===== G Factor' | + | The argument |
- | + | ||
- | * Minting | + | |
- | * The community needs to be educated on this issue, and together we need to vote on a revision. | + | |
- | * My intent is to share my thoughts, not force them. Ultimately, the Voting System should allow us to honestly vote on the changes to implement, or not. Otherwise, what is the point of sponsoring and voting if it can so easily be gamed!? | + | |
- | * Things will only get worse. We must patch this vulnerability before it gets any worse. As I see it, the network is already compromised with disingenuous people | + | |
- | * **So here is my idea: Remove Level 5 automation which enables these accounts the ability to sponsor. Founders are given 10 or more sponsorship slots as it is hindering the rate at which we can bring newcomers onboard and our integrity should not be questioned. The Founders | + | |
- | * This idea is all about sparking conversation and seeing what we can come up with as a community. For the sake of saving the integrity of the block reward | + | |
- | * Yes my idea creates more centralization out the gate, but I feel it is a necessary one considering the dynamics | + | |
- | + | ||
- | ===== Community Member' | + | |
- | + | ||
- | * Modification to my idea: Founders remain able to sponsor. Once accounts reach Level 5, it takes 3 Founders | + | |
- | * Totally different idea: Existing Sponsorship System stays the same except Level 5 accounts | + | |
- | + | ||
- | + | ||
- | **Please contact me on Discord or Telegram for your idea to be published here!** | + | |
- | + | ||
- | **Discord: G Factor QORT# | + | |
- | + | ||
- | **Telegram: @gfactorQORT** | + | |
+ | **Join us in the ‘Voting System’ channel in Discord for this discussion.** |