We need a Governance Model for POB

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(Edited)

Last week, we saw a proposal coming from @leprechaun. Few complained that its a paid proposal but many including me agreed that there is a need to have such change, as the front end UI is the first thing that a user sees when he appears on the website. It should be impressive.
This proposal from @leprechaun, indicates the activities that would take place on this platform in coming days. There would be lot more coming in, than developing the front-end. Hence I felt that I would organize some thoughts on Proposal mechanism.

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POB Holders and Governance

At the moment, holding a stake of #pob only allows a user to vote for favorite blogs to earn 50% curation reward.However, every token-holder is the owner of the community to the tune of his percentage holding. Elsewhere on #hive, many communities offer the right of voting on proposals to community members. This is also called as Governance.

What does it really mean ?

In simple terms, the governance would allow #pob stakeholders to vote for a "proposal" that they feel would lead to the growth of the #pob tribe and as well appreciate the price of the token. It would help in bringing more users to #pob. With this, any Hive user can decide to build on Hive in a way that leverages #pob and the project would be fully funded by the community if approved by stakeholders' votes.

At this juncture, the stake of #pob a user holds would tell to what extent the user can support a proposal to build on #pob.

Meanwhile, just 50 accounts are holding 87% of the tokens. However, the price of the token is still reasonable for others to join and build their stakes before external stakeholders join us here.

Conclusion

Decentralization is understood to be the future of any crypto project and having Hive communities going decentralized is nothing short of being awesome. With this new development, we don't just earn from our stakes, we also help to build the community. I hope this would be a great used case for the #pob token.

PS: #Archon has their own mechanism of governance which is used by other communities such as #sportstalk


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#Archon has their own mechanism of governance

Can you point me to a post where I can read about this governance mechanism? I didn't know they had it.

Decentralization is understood to be the future of any crypto project and having Hive communities going decentralized is nothing short of being awesome. With this new development, we don't just earn from our stakes, we also help to build the community.

I think there is still a lot of room to diversify but there are some things that affect. One thing I've seen, thanks to the contest I started, is that quite a few users are directly selling what they earn for writing. I have even found several who have 0 POB power despite earning rewards. I think one of the reasons for this is that many people don't know that the rewards don't work the same way as in HIVE or in other communities. That what you earn comes all in liquid and you need to do the power up yourself. Although there are also cases, mostly new users, that are not interested or are unaware of the power of curating and the gains that comes with it (not only in tokens).


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I may not be the technical expert in the governance models but i read a post here which can give you some idea about the governance model they have.
I agree with your view that the rewards come in 100% liquid form and we need to power it up and hence creating such governance models can help more number of new users to power up to have impact on the proposals.


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seconded! (no clue if us wanting that will make it happen but may as well throw that in there ;) )


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In simple terms, the governance would allow #pob stakeholders to vote for a "proposal" that they feel would lead to the growth of the #pob tribe and as well appreciate the price of the token. It would help in bringing more users to #pob. With this, any Hive user can decide to build on Hive in a way that leverages #pob and the project would be fully funded by the community if approved by stakeholders' votes.

At this juncture, the stake of #pob a user holds would tell to what extent the user can support a proposal to build on #pob.

this idea will encourage users to stake,this is a good idea @interpretation


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In simple terms, the governance would allow #pob stakeholders to vote for a "proposal" that they feel would lead to the growth of the #pob tribe and as well appreciate the price of the token. It would help in bringing more users to #pob. With this, any Hive user can decide to build on Hive in a way that leverages #pob and the project would be fully funded by the community if approved by stakeholders' votes.
At this juncture, the stake of #pob a user holds would tell to what extent the user can support a proposal to build on #pob.

this idea will encourage users to stake,this is a good idea @interpretation


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I’ve put forward some ideas but it seems no one really wants to get involved. I think @proofofbrainio is looking at the Archon model as well.


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(Edited)

Yes I regularly follow your posts on ideas related to the community. I am not sure what ideas the community owner exactly follows but felt that this could be the right time to start the discussion around the governance as we are moving ahead as the fastest growing community.


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Wow you seem to be grossly involved in this platform. You have been reading a lot about the governance models it seems. I heard about the Archon model because of you on this platform. But as you have pointed it out rightly, we need this governance framework.


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This is quite an insightful post. Governance framework provides the governance power just like the voting rights of shareholders in a listed company, where every shareholder have 1 vote per share. Proposal is like resolution, which has to be passed by majority. Its interesting concept but finally @proofofbrainio will decide about the framework to be implemented here on this community.


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"just 50 accounts are holding 87% of the tokens"

Perfect! This is what I needed to hear. I saw someone the other day who was excited because they finally had amassed 1000 POB. I saw another post that showed the whales and their holdings in POB...then I thought...well, that ain't a whole lot of POB. It's like staking now will get me on the 2010 bitcoin mining level...All I have to do is make great content on POB and it won't be long before I have 1000+ POB. When all the small accounts cash out at 20 POB or less, it makes me consider how much faster my account can grow if I just use the delayed gratification method. I consider myself a reasonable person, so it will be nice to have a whale who isn't putting down people to kick them off the platform to make their accounts fatter...I digress... I think your initiative is a good one. If you want people to stake the coin, you'll need more posts showing the benefits of doing so. One of the greatest benefits I found from staking hive is leasing my delegation. It caused me to buy a lot of the token, knowing that the ROI would be guaranteed...gotta love smart contracts...when you lease the token, you know the people receiving the delegation will have to do something with it to earn the underlying token to pay you back. You want activity? Lease the tokens...though I can't guarantee the leasee won't make crap posts and just upvote themselves...sorry, I went a little on a tangent.

Yes, I agree with @leprechaun's proposal of making a better/cleaner UI. Being able to use an app would help, too. I also wish 3speak would load videos faster...


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I had similar views regarding POB. I started staking as much as I could. The payouts are great and the guidelines are solid. Mr. leprechaun is doing some solid work.


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(Edited)

Downvoted because you clearly dont understand what DPOS is. Pur your money where your mouth is. The governance is your stake you have.

Its called fundraising when you ask fornother peoples money, or in the business world call going IPO, which is in possession of others.


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It's a slow process it's why businesses operate with a figurehead with others spitting out ideas. When there are less people involved someone can make a decision and move forward with it. The reason we have such crazy slow development on hive is because nothing really gets voted on, awareness and everyone's off doing their own thing instead of building the core platform.

To be honestly I don't feel a truly full decentralized system has a chance at success. Too many bad actors, and people not doing their part or trying to find the easy way out it's human nature.

Instead the tribe creator should be able to appoint core people they believe in for proposals and then allow for the community to vote on these proposals from these trusted few appointed people so things can move forward with a clear direction instead of splintering off all over.

We see this with LeoFinance in some extent. We don't get to vote for what is to come as a community but there is a main created supported by a dedicated trusted team and they build projects and launch them. We as a community show our support by buying the token, staking it or investing in future projects of theirs.


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Although "we live" on the blockchain the idea of ​​decentralization ... A little governance is needed to make everything go and spin better. Someone, people, groups that make the deal happen. But with the same ideas to continue what has always been the spirit of "decentralization"


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seems like a good proposal for me. i for one have wanted to see a better interface. secondly, I think having more use cases for the token is good in the long run. we should explore as much as possible.


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seems like a good proposal for me. i for one have wanted to see a better interface. secondly, I think having more use cases for the token is good in the long run. we should explore as much as possible.


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