These are the items to be addressed in HardFork-9.
WITNESSES (mentioned above), please let us know your vote on each of these 5 items:
What should be done with the Bittrex (a dead, liquidated company) funds (~21 Million BLURT)? NOTE: Those old keys could be used in the future as an economic, governance or social attack vector.
A: Burn them all, so as to remove any future allegations of a greedy community stealing the funds. Total supply (~565 Million BLURT) will be reduced ~3.7%.
B: Freeze the funds and burn them evenly over the course of 6 months so rewards reduction is nearly imperceptible.
C: Send the funds to the DAO account for use by Proposals. NOTE: Some may perceive this as a community theft.
D: Send the funds to the rewards pool. NOTE: Some may perceive this as a community theft.What should be done with the old remaining ~1.1 Million BLURT in the DAO account?
A. Leave it alone for funding future projects until it runs out.
B. Burn it completely.
C: Send the funds to the rewards pool.Should the Inflation rate (Blurt is ~7.89%, Steem is ~6.07%) be changed, and if so, to what value? NOTE: If we burn the Bittrex funds AND reduce the inflation rate, post rewards (Witness, Social, DAO) will get smaller. Rewards are a function of the inflation rate and total supply. Blurt’s inflation rate was reset to 10% at the genesis block and has been decreasing in a linear fashion ever since.
A: No, leave it alone
B: Yes, lower it to match the rate that Steem uses, even though the 2 chains are at different lifecycles
C: Yes, set it to a different value altogether (to be discussed in the comments)Should the DAO funding inflation be redirected? NOTE: Users (and front-end Devs) can also voluntarily allocate a % of their reward to specific Devs, Witnesses and other users.
A: Yes. Fix the DAO Proposals system, and redirect the DAO daily budget of ~11K BLURT to the Witness reward pool instead. Devs can run a Witness node to secure the chain AND get their projects funded at the same time. No more wasteful DAO Proposals (as seen on other Graphene chains).
B. No. Fix the DAO Proposals system and let the DAO daily budget of ~11K BLURT fund all projects via inflation.Adjust or flatten out the rewards curve? NOTE: Whales currently get a much bigger return for their BLURT POWER (BP) than the smaller fish.
A: Flatten the curve (essentially remove it). If the vote from someone that has 1M BP is worth 35 BLURT, then the value of the vote from someone with only 100K BP should be 3.5 BLURT. It should not make any difference whether a post has earned 10 BLURT or 1000 BLURT. Existing code functionality will remain, which allows for future curve adjustments if needed.
B: Adjust the curve; Reduce the top-heavy advantage, but implement a mild curve at the bottom end of the range to reduce spam.
C: No, leave it alone.
edit: i edited the word "curator" to "rewards"
The reason that I vote for a straight burn rather than a gradual one is to avoid potential bugs.
At the start of the Blurt blockchain, we had a regent account. It's an account that started with a virtual stake equal to half of the initial total supply, and its virtual stake was to decay slowly over two years. On July 4, 2022, when the virtual stake of the regent account was supposed to hit 0, the chain halted because of a bug in the code. Someone had delegated a small amount of BP to the regent account (I don't know why), and this was not anticipated, so it caused a bug that made the chain halt. @baabeetaa coded a fix for it, which we rolled out within a couple of days, but we were still down for about two days when it happened.
I am for keeping the codebase as simple as possible, and only as complex as necessary. Any added complexity has the potential to introduce bugs.
So true, and good point. Edge cases happen and even the best Devs in the world cannot think of everything.
I agree with you on this point and will change my vote from decay, to total burn. Thank you Saboin!
While logged into Beblurt,com. I'm unable to vote, as when I click post I get an "unknown user" error message.
I'll make my vote official here.
1A, 2B, 3A, 4A, 5B
Must have been a bug or an error on the website I guess
We voted for: 1B, 2B, 3A, 4A, 5B
For the record I vote the same as you.
Each decision is a good one and an upgrade to the blockchain.
Glad I hung in there for you to arrive. Things were going nowhere fast for quite some time.
Thank you for applying your skills to Blurt, and taking the time and effort to do so.
I'm sure it will pay off big in the long run.
I sent you a message on matrix. I'm new to that platform, so hopefully I have no issues.
I've seen the attacks you got on Hive, absolutely disgusting. I am so glad you are here and stuck around! There's so much more that we want to build onto this chain, blurt.media and our witness node were just the first. I usually put most of my ideas in the main blurt chatroom on matrix, so thank you so much for joining in there as well, everyone's feedback and discussions in there are vitally important. Hope we can chat more! :) -ken
We really need more people like him on the blurt platform who can contribute to the growth of the platform with their skills.
[1.] I am seriously concerned about this point.
If we burn the 21 million Blurt, and at some point in the future a person who has the keys or, for example, the insolvency administrator of Bittrex makes a claim, then we have a problem.
I suggest that we freeze the 21 million blurt permanently in a way that we can pay if the Blurt is claimed in the future.
[2.B]
[3.A]
[4.A]
[5.B]
That makes the most sense to me.
My votes are
1A,
2B,
3A,
4A,
5B
[1A] - [2B] - [3B] - [4A] - [5B]
My response:
1 A, 2 B, 3 A, 4 A, 5 A
Hope the other witnesses share their opinion too!
@agorise, you might want to edit point #5. It's the rewards curve that we want to change, and not the curation curve (unless there is something that I misunderstood).
Yep, that's true, I had just copied some of the items/tasks that were sent to me so that I could create this Poll thingy for the Witnesses. I think they understand though. I'll try to edit that for easier clarification.
a question at the wrong time, only Bittrex is in this condition? there are no other exchanges
Hmm, yeah good question. Probit and Hive-Engine are the current ones.
There are a few old unused (afaik) exchange accounts though:
Maybe @mariuszkarwoski or @megadrive knows? If we are burning a couple of old, provably defunct exchange accounts, then we may as well look at those others too and decide now.
Blurt cannot just burn funds though of a company that still has a beneficiary.
"Blurt cannot just burn funds though of a company that still has a beneficiary."
Exactly! That worries me a lot too.
Exactly, and I am confident that the Blurt Witnesses would never vote to do something like that. Ever.
But that also applies to Bittrex, I think.
"[1.] I am seriously concerned about this point.
If we burn the 21 million Blurt, and at some point in the future a person who has the keys or, for example, the insolvency administrator of Bittrex makes a claim, then we have a problem.
I suggest that we freeze the 21 million blurt permanently in a way that we can pay if the Blurt is claimed in the future."
That would make the most sense to me as well. That way, the potential attack vector is taken care of, and we don't end up mistakenly burning tokens that belong to someone who wants to claim them.
These tokens never made it to the wallets of individual owners. Bitrex never honored BLURT airdrop. You can't claim tokens you never owned. In my opinion, it is safe to burn them.
Ah, after thinking again, I understand what you mean.
Bittrex received the 21 million Blurt from Blurt to distribute as an airdrop to the Blurt investors on Bittrex.
And this apparently did not happen.
Theoretically yes, but weren't the Blurt transferred to the account via Airdrop? So that they list Blurt with them? Can't it be determined how much went to them via airdrop? Then we can only burn the airdrop value and the rest, which may belong to an ex-customer, remains? Because I don't want to see what happens to the Blurt share price when an ex-CEO of Bittrex realizes that there is still something he can sell to enrich himself after the insolvency.
Thank you!
I'm very happy that you see it that way too!
These are not company funds. It's an airdrop. No one paid a single cent for these tokens. This is a joint business proposal. If the company rejects the business proposal and does not want to list BLURT tokens on the exchange, we have the right to withdraw our proposal and burn these tokens. Before we burn, we could repeat BLURT listing request.
I hope @megadrive has evidence in the form of negative responses from these exchanges
1B 2A 3A 4A 5A
The last answer could be questionable.. basically one of the mechanisms that stops spamming are fees. However I also have another idea how to make it unprofitable, spamming in general also seems to me that A
Answer 2 correlates directly with answer 4 A. if we still leave dao for funding by the community, then there should also be some funds at the beginning. Basically there also another idea to make DAO just a project Notice board. Something like an Advert for showing the community your proposals just FYC. Thanks to this, everyone can easily check what ideas different people from the community have, quickly get to know what they offer and join in supporting them on the terms that the author of the idea came up with
Hi, my votes are:
A
B
B
A
A
1A, 2B, 3A, 4A, 5B
1A, 2B, 3A, 4A, 5B
Your avatar image looks so angry, will you make it happy for us? :)
If you need the new Blurt logo, you can find it here:
https://gitlab.com/blurt/branding/-/tree/master/resources/logos?ref_type=heads
My votes are: 1A, 2B, 3A, 4A, 5B
I submit my votes are: