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"Magnitude+Balance" Voting weight balance #87
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https://github.com/gridcoin/Gridcoin-Research/blob/7167d32d9c7dd6da66e1ca671524d4f838830fb2/src/rpcblockchain.cpp#L2804 https://github.com/gridcoin/Gridcoin-Research/blob/7167d32d9c7dd6da66e1ca671524d4f838830fb2/src/rpcblockchain.cpp#L2851 Proposed new weight: (0.001 added to catch dmag=0, could instead catch it with another if statement here: https://github.com/gridcoin/Gridcoin-Research/blob/7167d32d9c7dd6da66e1ca671524d4f838830fb2/src/rpcblockchain.cpp#L2846) |
I'm going to create a couple Gridcoin polls asking the Gridcoin community what an appropriate balance between mag+balance is. Multiple vote types will be used (balance only and magnitude only polls) Please vote! |
We held the vote and investors voted 90:10, crunchers voted 70:30. Thoughts on mag+balance magnitude? Take the average of the two? |
The average between the two is 5.67:1 balance:mag, resulting in 67,020,000 vote weight for totalmag. Though, voting participation is still incredibly low, we could potentially run this poll again if we are able to rally more users to vote.. |
Ok, I added the 5.67:1 to the code, will be in the next release. |
Hey, Thanks for looking into this issue. Release: https://github.com/gridcoin/Gridcoin-Research/releases/tag/3.5.8.3 Location of code update: MoneySupplyFactor code: https://github.com/gridcoin/Gridcoin-Research/blob/957ab56caf4d007c2b03c6d502bce2b38bab86f4/src/rpcblockchain.cpp#L4176
So the max that Factor can be is (382938149/115000)=3329.89 So, putting that into the following Before:
After:
Cool, let's close this issue then. |
time to change back to 50/50 |
changing back to 50/50 would make researchers voting weight less. |
The current formula seems a bit unintuitive. From what I can gather the vote weight is calculated with:
It would probably make much more sense to use
|
to clarify my comment: currently, total magnitude vote-weight = ~1/5th of total balance vote-weight i think they should be more balanced, or that: total magnitude vote-weight = total balance vote-weight this would encourage proposals to benefit both those who hold a large balance and those who contribute large magnitudes. currently, a proposal that benefits balance holders while hurting crunchers can pass through the agreement of balance holders alone. consider that many crunchers might not hold GRC -- they may crunch -> receive -> sell. |
I am closing this here. It belongs in Gridcoin-Tasks if we want to discuss it again. |
Original thread: https://cryptocointalk.com/topic/40773-discussion-magnitudebalance-voting-type-magnitude-weight-unbalanced/
Currently, the voting weight category used most often for polls is the 'mag+balance' voting type.
The current balance between TotalMag (mag) & TotalCoinSupply (balance) is equal (i.e. TotalMag=TotalCoinSupply).
Top noteworthy magnitude voting weights:
Issues this raises:
Past proposals by users:
Thoughts? Past discussion hit a wall, we couldn't figure out any other solutions.
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