Governance.rocks has 1 new voting and 1 new bounty
Governance.rocks is currently having 1 new vote and 1 new bounty.
Voting has to do with Stakegrinding, which in simple terms means that someone is able to get much more staking rewards than he should and which was reported by TELOSNEWS.COM in an earlier article.
This problem can be fixed immediately, and it can be done in two different ways.
The hard way is that a new fork is needed which means that all the nodes and all would need to be set up again for the new fork.
The easier way is to simply turn the staking off completely. No staking, no rewards, not even for the stake grinders, but this means no staking then.
However, since Telos anyway has 70 percent of its coins locked to master nodes, and damage isn’t that bad, instead of doing an immediate fix, the problem can be fixed next summer when next fork is anyway going to happen.
Personally I think this problem is such a minor one, and we can expect more similar-sized problems to happen in future, that I don’t really see sense in fixing every small problem with such heavy features but let the problem exist until next natural fork and while that happens, fix the small problem along.
You anyway now have a chance to voice your opinion by picking one of 4 options:
- Fix immediately by removing staking.
- Fix Immediately by making a new fork (requires reinstalling all nodes)
- Wait until next fork, but fix it by removing staking completely.
- Wait until next fork, and just fix it.
The second new one in governance.rocks is a Donation bounty for marketing.
Telos is going to be listed at biki.com exchange, and instead of usual just get listed, this time plan is to list Telos by specific timing (decided mainly by biki.com), and by a marketing campaign.
Marketing campaign, however, costs, especially when idea is to place banners at places like MNO and coinmarketcap.
Therefore if you like the marketing campaign to be bigger, you now have a chance to donate to it.
As an additional incentive, I myself promise to donate 1 telos for every 2 Telos put to that bounty up to 100 000 Telos by the last day of this year.
Right now there are 100 000 Telos, so on the last day of this year I will be putting 50 000 Telos there more, but if you readers put there another 100 000 Telos still, then instead of putting just 50 000 Telos, I will be putting 100 000 Telos there.
Hurry up and fill up that donation Bounty!