owocki
January 27, 2023, 4:21am
17
shawn16400:
Gitcoin voting is centralized. Four, 5 or 6 of the largest stewards deliver >50% of any given vote.
I posted extensively about this here:
I put together a little datasheet that shows how decentralized (or not) my delegations are.
S14
As you can see, in S14
50% of my voting power was concentrated in my top 4 delegates.
75% of my voting power was concentrated in my top 6 delegates.
95% of my voting power was concentrated in my top 9 delegates.
100% of my voting power was concentrated in my top 11 delegates.
Current
As you can see, currently…
50% of my voting power is concentrated in my top 4 delegates.
75% of my voting power is concentrated in my top 7 delegates.
95% of my voting power is concentrated in my top 11 delegates.
100% of my voting power is concentrated in my top 20 delegates.
Target
Here is a target delegation decentralization goal:
In this target,
50% of my voting power is concentrated in my top 11 delegates.
75% of my voting power is concentrated in my top 22 delegates.
95% of my voting power is concentrated in my top 42 delegates.
100% of my voting power is concentrated in my top 46 delegates.
Summary of the above data
Here is a visual summary of the above data…
Is it worth doing this? If so, how do?
I’ll end by re-asking this question,
How might the DAO enable Kevin to decentralize these governance allocations to a long tail of up and coming leaders, such that no one is above 10% of Kevin’s allocations and there are 50 up and coming leaders who are enabled?
I am not sure if [others have an essential intent to decentralized governance power or not , but if they do, this feels like a meaningful milestone to pursue as the product decentralizes into a platform .
I think there is something elegant and poetic about the decentralization of governance power happening in tandem with the decentralization of the product . I also think that decentralizing governance is wayyy less risky when there isnt a complicated product rollout coming up on the roadmap (read this post to see why ). so I think I’d like tie the two milestones together and set a goal for myself to reach the target when Grants 2.0 launches.
I think that I can manage enough wallets operationally to make this happen I think. But I WILL need to know who delegates 20-50 are going to be to reach this target. So please continue recommending delegates to me!
To get to 50 delegates im going to need to know about up & coming talent in the DAO. so reminder -come to my office hours or fill out this form if you have anyone you want to nominate to receive a delegation!
and a quarter later here
because of my disaffiliation i am not aware of what up & coming talent there is in the DAO. thus far i’ve not been getting a ton of inbound on this form so my plan to decentralize my delegations is somewhat stalled.
shawn16400:
Is any of this viewed as a problem for Gitcoin? I do not know. @owocki , to your point there was little pull on your “decentralization” prompt back in August, and my efforts to nudge us towards decentralization have had little traction.
My view is that the lack of protocol/market fit + lack of sustainability of Gitcoin are larger and more imminent threats. There are already essential intents covering those problems, but I’m unsure what progress has been made against them.
As someone who has been outside the DAO for about 6 months now, it’s really really hard to see the progress being made/roadmap for making progress from the outside. And even if I could understand the progress, the workstreams are relatively ungovernable because they are large, centralized, monolithic, and there is no alternative to each workstreams governance proposal each quarter. This kind of reminds me how the old product was unmaintainable because it was so large, centralized, and monolithic and there was no alternative to it. Because of this, most of my delegates are insiders who can understand the nuances of each proposal. I think I’ve seen some action towards more decentralized thin workstreams or pods, maybe that will create some change.
If people think steward centralization or workstream centralization is problem above other problems, then check out this post suggesting a decentralization essential intent .
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