[Maji is here] Community Proposal #3: Validator Commission Rate Mandatory > 5%
This article will try to explain the content of the motion in vernacular, put forward personal ideas, and finally clearly express my voting decision.
For godparents who are feeding or saving $HUAHUA dog food to Maji, welcome to leave a message for exchange and discussion. If the content of the article is difficult to understand, you can also ask questions.
#3: Version upgrade - v1.1.1 validator commission rate >5%
Proposal voting website: https://chihuahua.omniflix.co/proposals
illustrate:
As the title of the article (full text)
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...well, still have to maintain the usual serious style of doing crazy things
This time, it is the resolution of extension proposal #1, which formally and strictly enforces the mandatory requirement that all validator commission rates be set to >5%
With a small upgrade to the Chihuahua chain (expected version number v1.1.1)
Will set the condition of the minimum commission rate of 5% in the code
- Estimated update schedule: The update will start when the host height is 535000. At the current block production rate, it will be around 0:00 a.m. on January 19, Taipei time (January 18, 16:00 UTC)
- Existing validators: After the update, if the commission rate is less than 5%, it will be forced to increase to 5%, and validators who do not change to <5% will be automatically suspended
- The commission rate cannot be set to <5% in the future
Community slogan:
Remember, the Chihuahua chain is the emperor. (Remember, chihuahua are sovereign.)
We don't have a belt, we don't have a master. (We have no leash. We have no master.)
This community is ours and ours only. (This network is ours, and ours alone.)
☆㊣↖_ㄟ乂卍We have to protect this chain 卍乂ㄟ_↘㊣☆ (**must protec**)
! Please confirm that your delegated validator is ready to upgrade the Chihuahua chain!
idea:
This rule existed before Maji was born. At present, the commission rate of Maji is also set at 5%.
The Discord group has discussed the issue of freedom of mind for setting minimum commission rates several times:
"How to set mandatory?" or "How to give more prominent reminders to new entrants?"
The night before writing the manuscript, before 100 validators are full,
Every once in a while, a group of low commission rate or even zero commission validator founding team members scolded angrily in a discussion: "Shame on them!"
I also seriously confirmed the parameter settings of those people one by one, and many of them set the maximum commission rate to 5% or <10%, and said that these people are all here to destroy the ecology (OS: ah... Really? Seriously!)
Decide:
Yes, part of the original intention of Chihuahua coin is to let the cryptocurrency and blockchain ecosystem "out of the circle"
Instead of letting speculators come in to hype and set a reasonable commission rate,
Enabling validators to have reasonable remuneration to maintain operating costs and even income is helpful in increasing the economic incentive to participate in community governance
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