Where To Vote?

Discussion in 'Governance' started by merockstar, Mar 1, 2016.

  1. 2017/12/15 - Decred v1.1.2 released! → Release Notes  → Downloads
  1. merockstar

    merockstar New Member

    Feb 19, 2016
    9
    11
    Male
    I'm not seeing anything in the web wallet.

    Is it necessary to be running a full node to go vote?

    How does Decred's governance system specifically work anyway?

    I seen there are a couple proposals out there that can be voted on now.

    Has any thought been put into voter apathy?

    Am I safe in assuming that since theres a 21million hard cap voters can't vote to dilute and fund projects?

    Is voting here basically just a poll of full node users with decred, or do voters actually have real ultimate power?
     
    Jazzah likes this.
  2. Kandiru

    Kandiru Member

    Feb 21, 2016
    206
    87
    Votes have Real Ultimate Power, as this uses a PoS system. You have to buy tickets for voting on blocks, then when a block is mined, 5 tickets are randomly chosen from the pool to vote on it. The votes are included in the next block. If the votes are against the previous block, the miner gets 0 reward, and all the transactions are void. The voters gets their funds back, and an additional reward as long as they vote. They have to be online 24/7 to do the voting, as it's essentially live block validation.

    This means that voters can force miners to adopt new policies, by denying them their reward.

    You can also set "bits" in the voting, which are currently unused, but will be used in the future for polling the users as to how to proceed with issues. This is more of a soft vote than the previous hard vote on blocks, but the threat of a hard vote to void blocks backs its result.
     
  3. merockstar

    merockstar New Member

    Feb 19, 2016
    9
    11
    Male
    oh. this is certainly a unique take. I have a lot more questions. guess I should go reread the whitepaper.
     

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