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From YouTube: DXgov Weekly Meeting [2020-09-16]
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A
I
just
pasted
the
agenda
in
the
chat,
we'll
be
going
through
a
couple
of
things,
but
we
wanted
to
start
off
with
the
delphi
digital
report,
or
I
guess
kind
of
update
on
some
governance,
things
and
kind
of
kick
off
a
discussion
there.
So
I
want
to
turn
it
over
to
o'neil
and.
B
Medium
and
the
delphi
yeah-
hey
guys
mj.
Can
you
share
your
screen
yep
doing
that
right
now,
nice.
C
Yeah
before
we
get
even
get
started
right,
one
thing
we
want
to
get
clear
to
is
you
know
a
lot
of
these
parameters
and
stuff
we
can
change.
We
have
just
you
know,
put
a
lot
of
thought
into
finding
the
balance
between
one
incentivizing
current.
C
You
know,
rep
whales
to
you
know
be
okay
with
this,
where
they're
not
losing
a
lot
of
their
influence,
but
two
really
thinking
about
incentivizing
new
members
to
join
the
dow,
and
you
know
not
only
join
the
dow
but
really
start
participating
and
you
know
getting
skin
in
the
game.
As
far
as
you
know,
long-term
alignment.
B
D
And
yeah,
I
could
take
it
from
there
and
you
know
I
hope
everyone
had
a
chance
to
to
read
through
it.
You
know
we
have
a
model
that
we
can
also
share.
That
is
used
for
the
analysis
in
the
report,
but
I
think
at
just
like
the
high
level.
What
we
want
to
start
with
is
the
concept
of
you
know
what
we're
really
trying
to
accomplish
here,
where
you
know,
there's
different
aspects
that
should
be
taken
into
account.
We
believe
when
voting
power
is
determined.
D
We
like
the
fact
that
rep
and
dxd
have
different
roles
in
governance,
but
in
in
that
sense
that
you
know,
dxd
doesn't
really
have
a
role
right
now,
but
it's
it,
but
you
know
understanding
the
financial
interest
and
then
the
the
reputation
for
governance
breakout.
D
You
know
we
understand
why
that
that
can
be
a
good
model
and
you
know
can
prevent
a
lot
of
the
issues
that
can
arise
from
you
know
like
a
liquid
governance
model
where
people
just
buy
up
a
lot
of
tokens
come
in
vote
and
you
know,
can
mess
with,
can
mess
with
some
proposals
and
manipulate
voting
power.
So
we
understand
how
you
know
a
non-transferable
token
like
rep
can
really
help
prevent
against
situations
like
that.
D
But
what
we
wanted
to
do
here
was
we
wanted
to
incorporate
different
aspects
of
being
a
dow
member
into
someone's
voting
power.
So
we
basically
broke
this
up
into
like
three
pillars
that
combine
into
voting
power
one
you
have
dxd
state,
which
is
your
capital
at
risk,
and
this
acts
as
your
base
voting
power
and
then
from
there.
You
know
we
build
on
top
of
that
rep,
your
rep
balance,
that's
earned
from
pass
work,
and
you
know
previous
staking
and
that's
a
multiplier
on
your
v
on
your
base
voting
power.
D
But
you
know
that's
a
a
trailing
input
and
you
know
someone
who's
done
a
lot
of
work
for
the
dow.
For
you
know,
maybe
you
know
five
years
hits
a
point
where
you
know
they're
they're
not
going
to
be
that
engaged
or
interested
anymore,
in
which
case
you
know.
How
do
we
incorporate?
You
know
like
forward-looking
commitments
to
the
dow,
because,
ideally
you
know
you
want
people
that
have
skin
in
the
game.
D
Have
a
you
know
a
long
track
record
earning
that
reputation,
working
for
the
dow
being
a
good
member,
but
also
people
that
are
comfortable
if
I
vote
a
certain
way
on
a
proposal,
you
know
I'll
have
to
essentially
like
live
with
this
outcome,
and
that's
where,
like
the
future
day's
state,
comes
into
play,
the
way
that
we
have
this
structure
right
now
is,
you
know
staking
dxd
is
you
know
required
to
vote?
D
But
if
you
just
have
a
lot
of
dxd
and
you
stake
it
on
its
own,
your
voting
power
isn't
really
isn't
really
much.
So
you
know,
for
example-
and
this
is
something
that
we
show
a
little
bit
later-
we
have
them.
We
have
in
the
model
as
well
that
we
can
kind
of
go
through.
Dxd
is
like
your
ticket
to
vote,
but
the
multipliers
from
your
rep
balance
and
your
future
your
forward-looking
commitment.
D
That's
really
what
can
magnify
it
and
you
know
we
wanted
to
do
it
this
way,
because
we
felt
like
this
was
a
good
in
between
of
you
know,
giving
dxd
some
voting
power,
but
you
know
if
they
don't
have
a
reputation
balance.
If
they're,
not,
you
know
going
to
lock
up
these
tokens.
D
For
you
know
a
month
two
months,
however,
however
long
the
community
decides
is
a
good
amount
of
time,
then
you
know
we
don't
want
them
to
have
outsized
influence
right
away,
especially
so
those
are
like
the
three
core
pillars
of
this
that
we
thought
you
know
could
be
a
good
revamp.
I
think
I
can
kind
of
click
through
some
of
the
other
slides
to
go.
Show
how
this
looks.
D
You
know,
starting
with
just
the
rep
multiplier.
You
know
we
have
an
existing
rep
distribution
that
you
know
is
is
very
concentrated
at
the
top,
and
you
know
we
wanted
to
get
a
situation
where
you
know,
like
anil,
had
said
the
current.
This
new
proposal
is
palatable
to
existing
large
rep
holders,
because
you
know
it
still
gives
them
a
boost
over
everyone
else
in
the
dow,
but
you
know
moving
forward.
D
You
know
if
we
have
a
lot
of
rep
issuance,
it's
kind
of
like
a
a
reset
button
where,
if
they
still,
if
you
know
if
they
want
to
keep
participating,
if
they
want
to
stake
their
dxd,
if
they
want
to
keep
working
for
the
dow,
then
they'll
have
the
opportunity
to
you
know,
keep
adding
to
their
rep.
But
you
know
if
they,
if
they
kind
of
like
take
a
back
seat
and
they're,
not
so
interested
moving
forward.
D
Eventually,
the
rep
issuance
will
kind
of
dilute
away
the
the
large
amount
that
they
might
hold.
You
know
we
did
a
distribution
on
the
the
rep
holder
base,
and
you
know,
90
of
addresses
with
rep.
Have
you
know
about?
You
know,
have
a
small
balance.
You
know
less
than
20
000
most
are
even
much
smaller
than
that
and
the
way
that
this
rep
multipliers
was
structured,
is
you
know,
as
you
can
see,
leading
up
to
20
000
rep.
D
You
know
it's
much
steeper
curve
and
then
it
tapers
off,
so
that
the
rise
is
less
less
a
extreme
and
more
gradual
over
time
to
prevent,
against
you
know
large
rep
holders
just
getting
too
big
of
a
multiplier
on
their
on
their
voting
power.
Of
course,
you
know
this
curve
can
change.
This
is
more
so
just
like
a
concept
we
wanted
to
throw
out
there.
So
by
no
means
is
this,
is
this
all
said
and
done?
D
And
then
you
know
we,
you
know
we
wanted
the
formula
to
be
something
that
could
also
be
updated.
So
you
know
certain
variables
like
the
how
how
important
rep
the
rep
balance
is
in
the
formula
you
know
five
years
from
now.
You
know.
If
we're
looking
at
really
big
numbers,
you
can
devise
that
you
can
cut
that
down.
You
can
adjust
basically
how
it's
weighted
in
the
formula
and
that's
you
know
that's
kind
of
like
the
thought
process
there
to
go
hand
in
hand
with
the
rep.
D
The
rep
component
is
the
issuance,
and
you
know
this
is
something
where
we
don't
want
to
just
snap
our
fingers
and
have
a
big
rep
supply
right
away.
This
is
something
that
we
want
to
have
available
for
incentives
so
that
you
know
when
new
members
join
the
dow.
You
know
they
can.
D
You
know
essentially
play
catch
up
and
start
earning
a
good
amount
of
rep,
and
so
that
the
existing
member
base
also
has
a
chance
to
you
know,
start
accumulating
more
rep
and
the
idea
being
that
you
know
right
now.
D
It's
a
little
top
heavy,
but
you
know
over
time
as
new
members
come
in
as
more
people
participate,
it'll
start
to
start
to
even
out
more
just
from
the
issuance,
and
this
is
a
great
incentive
that
we
can
use,
because
you
know,
unlike
dxt,
where,
if
you
inflate
that
supply
it
kind
of
it
dilutes
the
the
financial
value
of
it
with
rep,
you
know,
there's
really
no
cost.
D
To
I
mean
you
have
a
cost
in
the
sense
that
you
know,
existing
rep
holders
can
be
diluted
if
they're,
not
if
they're,
not
working,
working
and
earning,
but
I
mean
that's
also
kind
of
like
a
good
thing
where
you
know
you
don't
want
reputation
to
just
be
this
thing
where
you
know
if
you
have
an
outsized
portion
once
you're
you're,
just
like
stuck
in
the
top
top
influence
influencer
in
kind
of
perpetuity,
so
that
you
know
this
model
is
a
nice
in-between
where
it
gives
that
ability
for
new
people
to
join
and
have
a
have
a
say
and
then
going
into
future
day
state.
D
You
know
I
thought
you
know.
This
is
one
of
the
perhaps
more
interesting
concepts
that
could
be
toggled
with,
and
you
know
going
to
the
idea
of
you
know.
Let's
say
you
have
a
really
big,
someone
buys
up
a
lot
of
dxd
they
come
in
and
they
stake.
You
know.
Maybe
they
don't
have
that
much.
They
don't
have
any
rep,
but
you
know
future
day.
D
Stakes
is
another
part
of
the
formula
they
could
play
on
where
your
voting
power
on
you
know,
let's
say
like,
for
example,
we
have
a
vote
coming
up
and
it's
a
really
important
one,
and
you
know
for
for
me
to
have
a
for
me
to
multiply
my
voting
power
on
this
vote.
D
I
have
to
commit
to
lock
my
tokens
for
a
prolonged
period
of
time,
and
you
know
one
thing
that's
interesting
here
is:
if
someone
votes,
if
someone
agrees
to
block
their
dxd
for
too
short
of
amount
of
time,
so
let's
say
I
don't
want
to
lock
my
tokens
at
all.
I'm
just
gonna
block
him
for
like
one
more
day
on
this
vote
and
then
I'm
out,
even
if
I
had
a
massive
amount
of
dxt
the
way
this
formula
works
is
that
this
actually
reduces
your
voting
power
in
that
situation.
D
So
you
know
this
is
good
in
the
sense
that
you
know
if
you
buy
up
a
lot
of
dxd
and
you
come
in
and
you're
not
committed
to
the
future.
D
You
know
your
voting
power
is
actually
going
to
be
very,
very
small
in
this
model,
whereas
someone
who
doesn't
have
that
much
dxd
but
has
a
good
amount
of
rep
and
is
willing
to
commit
their
stake
for
a
month
two
months,
maybe
even
a
year,
they
really
get
a
really
nice
multiplier,
while,
while
the
short
term
members
are
kind
of
getting
penalized
for
not
agreeing
to
lock
in
over
the
the
long
amount
of
time-
and
you
know
just
pulling
that
all
together-
you
know
each
one
of
these
components
on
their
own.
D
It
doesn't
give
you
much
influence
in
governance,
you
maximize
it
when
you
have
capital
risk,
when
you
have
a
lot
of
reputation
earned
and
when
you're
willing
to
commit
yourself
to
the
future,
that's
kind
of
like
the
sweet
spot,
and
if
there's
a
member
that
you
know
has
all
that
all
three
of
those
things.
D
Then
you
know
it's
probably
a
good
thing
that
they
have
a
a
you
know
higher
voting
power,
because
they're
they're
committed
they've
worked
hard
and
they
have
the
most
at
risk,
and
then
you
know
just
to
go
through
some
scenarios.
Obviously
you
have
to
you
know:
okay,
let's
say
we
go
with
this.
What
does
this
actually
look
like?
What
does
this
mean?
There's
a
dxd,
a
holder
base
out
there.
We
know
what
that
distribution
looks
like
there's
a
rep
holder
base
out
there.
We
know
what
that
distribution
looks
like.
D
Essentially
what
we
did
to
be
conservative.
Is
you
just
take
the
the
rep
holders
in
from
highest
lows
in
descending
order
and
then
you
to
be
really
conservative?
We
did
the
same
for
dxd
and
you
know,
even
though
this
you
know,
may
not
be
the
case.
D
You
know,
let's
assume,
that
the
biggest
rep
holder
is
also
the
biggest
dxd
holder
aside
from
the
treasury
and
all
that,
and
at
that
point
you
know
we
can
basically
kind
of
just
toggle
future
day
skate
so
like
how
much
would
they
be
willing
to
commit
themselves
moving
forward?
And
you
know
we
have
a
few
scenarios
scenario.
One
is
the
the
one
that's
most
geared
towards
the
existing
top
ten
rep
holders.
D
You
know
we're
gonna,
have
we're
gonna,
lock
our
stuff
for
two
months,
while
everyone
else
just
locks
their
stuff
for
10
days,
in
which
case
incurring
a
penalty,
because
it's
under
the
30-day
threshold
that
we
have
in
this
in
this
model
right
now
and
as
you
can
see
like
the
voting
power
it,
you
know
it
does
become
a
little
bit
more
concentrated.
But
it's
not
it's
not
that
crazy
and
then
the
other
models,
like
you
know,
scenario
two.
D
If
everyone
just
agrees
to
do
a
30-day
stake,
each
and
that's
right
at
the
threshold,
so
there's
not
even
a
multiplier
from
fds
and
that
then
the
voting
power
shifts
more
towards
everyone
else
and
then
in
scenario.
Three
you
have
if
the
top
ten
rep
holders
only
want
to
connect
their
stake
for
10
days.
But
you
know
all
these
smaller
dxd
and
rep
holders
want
to
commit
themselves
for
two
months.
D
Obviously,
you
can
see
how
voting
power
shifts
to
the
to
the
majority,
so
we
felt
like
this
could
be
a
good
in
between
where
you
know
it's
giving
dxd
a
role,
but
it's
not
giving
it
an
outsized
role,
because
voting
power
is
really
determined
based
on
like
the
other
multipliers
you
have
on
top
of
it
and
it
doesn't
put
the
existing
rep
holders,
who
you
know
done
a
lot
of
work
for
the
dow
at
disadvantage,
because
you
know
right
away,
you
can
get
to
a
situation
where,
as
long
as
they
have
you
know,
modest
dxd
balances,
which
you
know-
which
you
would
hope
is
the
case.
D
If
you
have
a
lot,
if
you
have
a
lot
of
rep,
you
would
hope
that
you
have
at
least
a
a
decent
amount
of
dxd
as
well.
Then
you
know
just
based
on,
like
you
know,
reasonable
expectations
on
forward-looking
commitments.
D
Your
voting
power,
you
know,
really
doesn't
change
much
near-term,
it's
just
over
the
long
term,
if
you
know
you're
not
earning
if
you're
not
committing
a
mistake,
if
you're
not
working
for
the
dow
anymore,
if
you
don't
want
to
lock
your
tokens,
that's
when
you
get
penalized
so
at
a
high
level.
You
know
that's
what
we
were
thinking
through
happy
happy
to
kind
of
talk
through
different
parts
of
the
formula
happy
to
change
parts
of
the
formula
change
inputs.
Really.
D
What
we
wanted
to
do
was
you
know,
put
this
concept
out.
There
get
some
feedback
and
find
a
way
where
you
know
we
can
revamp
governance
that
benefits
the
rest
of
the
existing
member
base,
but
also
new
members
moving
forward.
A
Cool
thanks
so
much
for
putting
this
together.
I
mean,
I
think,
just
in
thinking
about
the
last
couple
hours
in
the
key
base
in
here.
It's
it's
great,
that
kind
of
a
conversation
that
started
and
a
lot
of
things
that
people
have
been
discussing
for
a
long
time,
but
kind
of
the.
A
The
idea
that
you
kind
of
presented
provides
some
structure
and
we
can
kind
of
talk
about
more
specifics
because
gusto
I'm
just
looking
in
the
chat
was
there
was
there
something
you
wanted
to
go
over
or
that
you
had
seen.
E
Yeah
psy,
pontiac
and
kiwis.
Well,
the
entire
analysis
of
the
I
mean
the
entire
family
appeared
from
the
from
issues
that
were
identified,
which
I
think
that
I
mean
some
of
them
like
the
half
of
them,
some
of
them
they
are
not
non-existent,
and
I
mean
they.
I
I
think
that
they
propose
some
issues,
that
they
are
actually
not
or
someone.
E
They
are
in
existence
and
they
it
isn't
seem
that
it
doesn't
have
a
clear
understanding
of
the
how
the
holographic
consensus
works
and
how
the
actual
governance
process
is
is
working
around
right
now.
So
I
mean,
if,
if
you,
if
you
start
planting
a
if
you
start
proposing
a
formula
from
from
issues
that
are
fundamentally
wrong
when
they
do
or
they
don't
exist,
that.
E
That
makes
like
the
entire
analysis
later
like
in
body.
I
know
that
that's
what
I
wanted
to
hear
from
you
guys
from
from
durfee.
How
do
you
came
up
to
with
those
issues,
because
I
think
there
are
some
of
them?
There
are
my,
I
mean
not
issues,
but
something
where
we
can
work
on,
for
example,
using
dxe
as
staking,
but
I
was
surprised
by
seeing
like
the
gen
attack
that
can
happen
like
okay,
so
interesting
to
hear
about
that.
D
Yeah,
I
I
think,
like
you
know
the
gen
component,
we
didn't
want
to
stress
on
too
much.
It
was
more
so
just
kind
of
like
us
throwing
out
things
that
we
were
thinking
about,
and
you
know
obviously
with
us
incorporating
you
know
another
component
like
future
day
staked,
and
you
know
adding
some
complexity
there
and
also
adding
dxd's
role
in
governance.
You
know
just
at
a
just
to
keep
it
simple
for
people.
You
know
we
thought
you
know.
D
Maybe
having
too
many
things
involved
in
the
in
the
the
governance
would
be
bad,
so
you
know
we
subbed
out
gen
subbed
in
dxd
added.
You
know
other
other
things
like
forward-looking
commitments
that
was
really
kind
of
what
we're
going
for
where
you
know
for
adding
complexity.
Here
we
want
to
kind
of
just
like
take
away
some
stuff
elsewhere,
but
I
mean
some
of
the
other
to
your
point.
Some
of
the
other
issues.
You
know
issues
are
kind
of
like
subjective
right.
D
You
know
what
one
person
thinks
may
not
be
the
case
for
someone
else,
so
you
know
that's
kind
of
just
how
we
were
thinking
about
it.
But
you
know,
even
if
some
of
those
issues
that
some
of
the
bullet
points
that
we
listed,
you
don't
agree
with,
I
do
think
there
could.
There
could
be
merit
in
the
rest
of
the
stuff
that
we're
we're
talking
about
yeah.
E
E
A
I
guess
like
there's
just
a
way
the
report
is
right,
so
there's
like
this
is
why
you
guys
are
kind
of
bringing
these
things
up
in
these
suggestions
and
then
there's
actually
the
suggestions
yeah
and
like
kind
of
the
the
the
whatever
path
forward
kind
of
discussing
that
I
think
it's
fine
to
briefly
go
over.
Maybe
just
provide
some
context
on
like
where
you
see
the
shortcomings
in
the
current
system.
D
Yeah
yeah
absolutely
and
happy
to
just
go.
You
know,
point
by
point:
dxd
needs
a
role
in
governance.
I
think
everyone,
you
know
kind
of
kind
of
feels.
That's
a
good,
a
good
point
to
bring
up
bullet
point
two.
You
know
we'll
just
take
a
an
l
on
that
and
you
can
see
you
know,
can
see
to
your
point.
Three
staking
needs
to
be
implemented
so
that
voting
on
proposals.
D
People
voting
on
proposals
have
skin
in
the
game
again
that
kind
of
goes
hand
in
hand
with
dxd
having
having
some
having
some
say
and
that
that
makes
sense-
and
you
know
it
would
be
nice
if
people
who
were
willing
to
stake
longer
at
good
head
voting
power.
You
know
nothing
crazy
there.
I
don't
think
bullet
point.
Four,
I
think,
is
a
good
one.
There
needs
to
be
a
transparent,
direct
link
between
dxd
and
rep
held
by
members.
So
you
know
right
now.
D
This
is
really
broken
up
across
different
addresses,
so
only
you
know
like
63
bips,
so
the
dxd
supply
is
held
by
addresses
that
also
have
rep,
and
you
know
privacy
totally
understand.
That's
that's
a
big
component
here,
but
you
know
one
thing
that
you
know
we
were
afraid
of
out
from
the
existing
model.
Is
you
know
you
could
have
really
big
rep
holders
voting
on
proposals
directing
the
dow
in
a
certain
direction?
D
Meanwhile,
because
there's
no
way
for
anyone
to
really
connect
how
much
dxd
they're
holding
it
could
be
selling
and
that's
that's
a
possibility
and
should
be
something
where
we
try
to
address
it,
and
you
know
with
the
model
where
you
stake:
dxd,
you
earn
rep
and
then
they're
kind
of
like
linked
together.
That's
that
could
be
a
really
nice
system
where
you
can't
have
that
happen
where
someone's
voting
on
proposals
and
then
just
dumping
their
dxd
on
the
market
with
no
annoying.
So
I
think
that's
pretty
reasonable.
D
Control
needs
to
be
more
decentralized.
That's
also
pretty
reasonable.
Currently,
the
top
10
rep
holders
make
up.
You
know
50
of
the
supply,
so
you
know
the
dxd
supplies
a
little
more
decentralized
than
that.
So
you
know
giving
big
base
voting
power
to
dxd
stakers.
You
know
we
could
end
up
with
a
more
decentralized
thing
from
that
as
well,
and
the
ui
needs
an
improvement
and
larry
two
voting
should
be
implemented.
You
know
both
those
are
also
pretty
reasonable.
The
ui
component
is
actually
something
that
my
partner
neil,
has
been
working
on.
D
He
has
some
mock-ups
about
kind
of
like
a
revamped
members
portal,
where
it
pulls
together
the
different
like
so
one.
This
is
something
that
we
had
a
follow-up
post
kind
of
queued
up
for,
where,
right
now
to
you
know,
work
with
the
dx
stout
ecosystem
of
applications.
You
know
you
have
to
go
to
mesa.
You
have
to
go
to
omen.
D
You
have
to
go
to
these
separate
places
and
we
thought
it
would
be
a
good
idea
to
have
just
like
a
one-stop
shop
interface,
where
you
know
you
you
come
to
this
this
page.
You
know
you
have
the
different
suite
of
services
available
to
you
as
a
member
across
all
these
different
products
all
easily
used
from
one
from
one
place,
and
then
you
know
you
could
also
you
know,
participate
in
governance
from
there
as
you
can
stake,
your
dxd.
F
D
You
can
vote
on
proposals,
things
like
that
and
kind
of
just
pulling
that
all
together
into
one
place,
because
if
you
think
about
you
know
some
of
the
some
of
the
strengths
of
dxdow,
it's
the
portfolio
of
stuff
that
it's
built
and
you
know
the
best
way
to
showcase
that
is
to
pull
it
all
together
and
have
it
available
to
use
in
a
simple,
simple
place,
and
it's
also,
you
know
the
the
membership
and
getting
people
interested.
D
So
you
know
you
know
combining
that
too,
and
making
a
better
experience
for
governance
could
be
a
big
part
of
that
and
then
later
to
voting,
I
mean
you
see
a
lot
of
stuff.
You
know
people
have
talked
about
this
for
dexter
before
about
just
moving
votes
to
like
xdi
chain,
so
that
you
have
cheaper
transactions
or
and
faster
voting.
Things
like
that,
and
you
know,
we've
been
exploring
that
on
our
end
as
well.
D
Like
I
said,
neil
has
a
ui
mock-up
and
we've
been
exploring
like
layer,
two
governance,
a
lot
to
help
opine
on
that
as
well.
So
I
think
I
think
most
of
those
points
are
like
pretty
pretty
solid,
but
I
I
can
concede
that
you
know
the
gen
stuff.
You
know
really.
We
just
wanted
to.
You
know
if
you're
going
to
add
a
token
to
voting
power.
You
just
wanted
to
take
one
out
but
totally
understand
where
you're
coming
from.
F
Yeah,
I
don't
know
if
this
was
clear.
I
just
wanted
to
pop
in
like
so
gen
right
now
doesn't
actually
have
anything
to
do
with
with
voting
power
directly
yeah.
Of
course
it
did
like
back
with
with
the
original
distribution.
There
was
a
thing
where,
like
there
was
a
sort
of
a
gen
auction
for
rep,
that
was
part
of
that,
but
since
then
it
it
like
plays
a
utility
role
in
governments,
but
it
doesn't
give
you
voting
power.
C
Okay,
yeah
yeah.
No,
we
totally
understood
the
boosting
feature
and
yeah.
We.
You
know
weren't
able
to
finish
kind
of
this
whole
report
because
we
wanted
to
get
it
out
to
you
guys.
You
know
this
is
kind
of
like
a
preview
of
the
full
thing
for
before
this
governance
call,
but
yeah
no
totally
understand
how
the
second
point
can
be.
C
You
know
you
know
battle
tested,
but
yeah,
but
I
guess
you
know
for
the
other
points
you
know
I
know
it
goes,
though
you
were
saying
that
you
know
these
issues
weren't.
You
know
some
of
these
issues
you
didn't
agree
with,
would
love
to
kind
of
hear
which
you
know
other
than
the
second
one
which
ones
you.
You
kind
of
think
that
we're
salt
we're
trying
to
solve
a
problem
that
doesn't
exist.
E
Well,
the
the
the
most
important
one
is
the:
how
how
do
you
need
to?
I
mean
the
necessity
to
attach
the
rep
holders
to
dxz
holders
like.
Why
would
I
need
to
attach
and
show
my
personal
treasury
in
to
govern
right
where
all
the
reputation
that
the
rights
that
I
receive,
I
think-
and
it
says
in
the
manifesto-
it's
it's
earned
through
the
collaboration
that
you
have
on
the
organization
it
shouldn't
be,
but
yeah
that's
go.
That's
how
I
think
that
that's
that's.
E
I
think
there
is
a
non-existing
issue
because
it
shouldn't
be
affected
or
by
any
other
by
any
other
force
outside
the
the
collaboration
that
how
I
help
or
how
I
collaborate
to
the
or
to
the
organization.
Somehow.
B
D
Yeah
yeah
and
I
understand
like
wanting
to
have
like
privacy-
that's
that's,
certainly
a
big
part
of
it.
You
know
the
way
we
were
thinking
about
this
is
it'd
still
be
anonymous,
addresses
it
would
just
be
more
transparent
on
chain
to
see.
You
know
where,
where
power
is
concentrated,
and
then
you
know
the
one
nice
thing
with
the
staking
component-
and
this
is
something
that
we
haven't
mentioned
yet
is.
D
If
you
tie
rep
to
the
you
know,
dxd
staking
you
know
you
can
still
earn
it
from
work
of
course,
but
you
know
you
get
to
a
situation
where
okay
now
I
want
to
unstake
all
my
dxd
and
just
sell
in
the
market.
You
know
what
does
that
do
to
my
rep.
You
know
you
can
then
penalize
rep.
So
it's
not
just
there
in
perpetuity
it's
just
there
as
long
as
you
have
skin
in
the
game.
D
So
if
I,
you
know,
take
a
thousand
dxd
and
I'm
you
know
I
unstake
and
I
go
sell
in
the
market.
I
lose
the
rep
that
I've
been
accumulating
and
then
you
know
a
week
later.
I
change
my
mind.
I
come
back
and
I
restake
that
exact
amount
of
dxd.
You
know
my
rep
balance
gets
reset
and
that
that
also
is
really
good
for
stickiness,
because
you
know
people,
then
just
don't
have
capital
at
risk,
which
you
know
capital
is
liquid
in
this
space.
It's
also
like
time
invested.
D
So
you
know
if
I've
spent
two
years
staking
and
working
for
the
style,
and
I
have
a
really
nice
rep
balance.
I
wouldn't
want
to
unstake
my
dxd,
because
I
would
risk
losing
a
a
proportional
amount
of
the
rep
that
I've
been
accumulating
and
it's
a
good
way
to
keep.
You
know
stickiness,
but
also
a
nice
way
to.
If
people
do
eventually
want
to
check
out.
You
know
the
rep
that
they
they
have
isn't.
Just
you
know
it's
not
their
power
in
perpetuity.
You
know
there's
a
way
to
okay.
D
If
you
want
to
leave,
that's
totally
fine,
but
you
know
we'll
just
like
you
know,
take
away
some
of
the
rep
power
as
a
result,
and
you
know
I
think
that's
pretty
reasonable,
where,
as
long
as
you're,
you
know
having
skin
in
the
game,
you're
participating
you're
earning
you're
committing
to
the
future.
You
know,
you're,
you're,
gonna
have
a
lot
of
rep
and
you're.
Gonna
have
a
lot
of
voting
power.
E
Yeah,
I
just
I
just
wanted
to
give
my
my
final,
my
final
thoughts
on
this
and
I
let
other
people
say
say
what
say
what
I
think
I
I
like.
I
like,
like
the
the
enthus
the
enthusiasm,
I
mean
the
initiative
in
trying
to
solve
this,
because
I
think
the
txt
needs
to
have
a
role
in
governance,
but
the
pronoun.
E
The
problem
is,
I
see
personally
with
this
with
the
proportion
that
is
very
far
is
very
far
away
from
from
what
we
have
been
working
on
on
the
organization,
the
the
the
workers
around
us
itself.
We
have
been
working
in
erc
20
years.
We
are
planning
to
to
to
create
dxc
guild
that
will
give
a
reputation
to
the
exec
holders.
We
are
issuing
best
in
contract
for
other
workers
to
attach
to
to
give
to
give
the
exe
and
and
create
that
necessity
of
the
exe
application
to
the
workers
itself.
E
E
That
is
that
it
that
has
completely
is
trying
to
solve
all
these
issues
that
you
are
presenting
and
seeing
that
it
magically
get
solved
with
the
with
the
formula
which
I
think
that's
that's
not
the
way,
I
think
the
other
workers,
the
other
people
here
will
will
feel
the
same,
because
this
is
people.
This
is
what
that
it
has
been
done
in
different
fronts,
to
attack
all
these
issues
at
once
and
now,
with
the
no
we
just
creating
a
formula
so
yeah.
C
Yeah,
no
absolutely-
and
I
I
I
I
want
to
be
clear,
like
we
definitely
didn't
intend
to
you,
know
just
push
this
forward
and
have
this
the
one
all
be
all
solution.
C
We
kind
of
just
wanted
to
contribute
to
the
dow,
and
you
know
I
think
the
best
way
forward
honestly
would
maybe
be
like
a
mix
of
ideas
right.
C
I
think
that
almost
always
will
help
out
and
our
main
initiative
here
was
not
only
taking
care
of
the
current
members
of
the
dow
you
know
which,
which
we
are
as
well,
but
more
so
incentivizing,
more
new
members
and
more
community
members
to
start
getting
attached,
because
you
know,
especially
with
the
current
state
of
the
markets
and
how
we're
seeing
markets
play
out
in
the
next
12
to
18
months.
C
C
I
think
it
really
has
that
balance
of
keeping
current
down
members,
especially
if
they're
going
to
continue
to
participate
and
be
involved
happy,
while
also
being
able
to
allow
newcomers
to
come
in,
and
you
know
if
someone
didn't
hear
about
the
x
that
till
maybe
december
this
year,
if
they
really
work
for
it,
you
know,
but
in
a
few
months
they
can
actually
end
up.
You
know
having
good
influence
in
the
dow
as
long
as
they
show
that
they're
long
term,
you
know
aligned
with
the
down
yeah
yeah
yeah.
G
Yep
yeah,
I'm
curious
if
you
guys
looked
into
like
the
general
growth
of
the
dx
star
collective
in
terms
of
like
red
minted,
based
on
like
since
the
bonding
genesis
and
in
general,
like
how
the
geeks
are
all
grew
in
terms
of
active
participants,
which
means
active
workers.
D
Yeah,
we
don't
have
it
in
this
report,
but
one
of
our
our
first
report
that
we
shared
to
the
forum
has
you
know
more
of
the
the
historical
stuff
and
like
data
on
the
rap
rep
distribution
stuff
in
that
sense,
but
yeah
I'm
curious
to
hear
if
you're
like,
if
there
was
a
specific
part
of
that
that
you
think
would
have
you
know
a
lot
of
important
be
important
right
here.
G
Yeah,
like
I
think,
I
think,
in
general,
the
geek
style
is
growing
very
healthy
in
terms
of
people
who
really
believe
in
the
dx
now,
and
not
just
workers,
which
means
new
addresses
new
identities
who
have
rep.
G
This
grew
substantially
since
the
dxdo's
actually
doing
something
important,
and
I
think
that
is
something
you
guys
completely
missed
out,
and
I
would
love
to
see
like
much
more
data
on
how
many
people
joined.
Actually
the
dxdoll,
not
community
members
who
are
like
outside
contributors
who
currently
are
in
the
process
of
getting
invited
to
the
collective,
and
that's,
like,
I
think,
more
than
10
members
like
overall
there's
like
way
less
analysis
about
how
how
the
decentralization
of
the
dxr
is
actually
actually
progressing.
D
D
You
know
thousands
of
members
to
join
so
there's
certain
there's
can,
you
know
can
certainly
have
been
growth,
but
you
know
now
that
we're
we're
in
an
era
of
you,
know,
fair
launches,
and
you
know
everyone's
coming
in
and
getting
an
evenly
distributed
amount
of
governance,
tokens
and
expanding,
especially
right
now,
because
you
know
defy
and
dallas
are
kind
of
primed
to
really
grow
in
the
coming
years.
We
think
it's
a
great
time
to
really
grow
membership
by
a
lot
and
attract
long-term
oriented
people.
D
So
yeah,
you
know
I'm
sure
I'm
sure
decentralization
could
have
could
have
improved
and
I
I
absolutely
believe
that
members
have
been
coming.
You
know
we're
new
members
ourselves,
but
we
wanted
to
really
get
a
system
in
place
where
we
could
really
kick
that
up
to
like
the
nth
degree
and
not
just
yeah
and
get
a
prime
for
there,
and
if
you
know,
even
though
decentralization
may
be
improving
like
there
is
a
significant
concentration
of
rep
at
the
top-
and
you
know
that
could
be
fine
right
now.
D
But
you
know
ideally
through
a
higher
issuance
rate
of
rep
and
distribution
to
new
members
and
existing
members.
You
know
we
get
to
a
situation
where
it's
a
lot
more,
a
lot
more
balanced.
You
know,
indeed,
I'm
not
sure
how
like
how
much
rep
we've
earned
from
this.
But
you
know
it's
very
small
relative
to
the
to
the
amount
of
rep
that's
concentrated
at
the
top,
so
it
is
very
hard
to
like
come
in
and
have
any
type
of
meaningful
say
and
that's
totally
fair.
D
You
know
newcomers
have
to
kind
of
kind
of
work
for
it,
but
that's
also
what
we
wanted
to
address
in
different
aspects
of
the
formula
where
you
know.
Okay,
I
don't.
I
don't
have
a
lot
of
reputation,
I'm
still
relatively
new,
but
I'll
make
a
really
big
financial
financial
commitment
in
my
dxd
stake
and
I'll
make
a
really
long
term
commitment
to
this,
and-
and
you
know,
lock
it
up
for
a
year.
So
I
have
like
you
know,
bet
more
say
in
governance
and
that's
you
know.
D
Those
types
of
situations
are
what
we
wanted
to
gear
for
in
this.
G
Yeah,
I
totally
understand
that,
but
my
belief
is
that
decentralization
comes
over
time.
People
call
it
progressive,
decentralized,
decentralization.
We
are
actually
have
mechanics
in
place
which
will
make
sure
that
we
will
set
goals
to
decentralize
and
we
can
actually
keep
track
of
decentralization
by
actually
giving
out
rep
to
several
interest
groups,
especially
like
our
products.
G
But
the
thing
is,
we
are
like
life
for
three
months.
That's
way
too
early
to
decide
like
huge
changes
in
terms
of
the
whole
governance.
We
are
right
now
ratifying
a
manifesto
which
defines
how
we
do
governance
and
right
now
we're
having
a
call
which
will
ditch
everything
we
worked
on
for
three
months
and
yes,
that
is
something
I
can't
accept.
A
Well,
luckily,
luckily,
cork
is
it's
not
like
this
proposal
is
going
to
go
through
by
the
end
of
the
day.
I
think
this
is
you
know
we're
kind
of
kicking
off
the
discussion
here
and
I
think
that
the
style
governance
is
insulated
from
those
kind
of
rapid
changes
so
yeah.
I
had
just
just
a
couple
comments.
I
got
to
keep
the
conversation
going
one.
I
think
the
forward-looking
commitment
is
a
really
interesting
idea
and
figuring
out
how
governor
you
know,
governance
decisions
and
proposal
votes
like
kind
of
introduce
some
future.
A
Looking
aspect,
I
think,
is
a
really
cool
idea.
I
I
think
it
kind
of
highlights
the
importance
or
possibility
of
permissionless
rep,
which
is
something
we've
been
talking,
a
lot
about,
which
is
kind
of
hard
to
figure
out
exactly
how
to
do.
But
how
can
we
kind
of
create,
maybe
on-chain
functions,
that
people
can
fulfill
and
give
some
like
kind
of
permissionless
rep
to
that
and
then
kind
of
they're
really
two
separate
issues
here.
A
You
know
one
is
giving
dxd
holders
a
say
in
governance
and
the
second
is
making
rep
holders
have
some
skin
in
the
game
in
the
form
of
dxt.
I
think
those
are
really
both
really
important
issues.
I
think
they
could
be
tackled
separately
could
be
tackled
together
but,
like
I
think
those
are.
Those
are
two
separate
issues
that
we
need
to
kind
of
address,
and
then
I
think.
Lastly,
this
is
kind
of
saying
the
obvious,
but
decentralization
depends
at
the
core
more
than
anything
else
on
rep
issuance
and
rep
inflation.
H
So
maybe
I'll
say
a
few
things.
First
of
all,
like
I
mean
thanks
for
all
of
this,
I
think
this
is
great
and
it's
it's
it's
an
interesting
to
see
like
a
research
of
a
dao
and
yeah.
So,
first
of
all,
thanks
for
all
these
things,
I
think
we
will
need
to
play
with
kind
of
like
the
model
and
see
how
this
will
work
and
if
it
will
make
sense-
and
I
like
the
idea
of
log
dxd
in
the
future
and
then
if
it's
lost.
H
H
The
goal
would
be
to
incentivize
dxd
holders
to
become
rep
holders,
so
they
could,
you
know,
join
and
contribute
to
the
dao
in
you
know,
whatever
their
expertise
is,
I
think
this
entire
paradigm
of
daos
is
follows
like
the
ownership
economy-
and
you
know,
while
we
need
to
serve
kind
of
the
the
interest
of
the
investors
and
people
who
put
money,
it's
the
participants
and
contributors
and
users
of
the
dxtel
products,
it
should
have
sort
of
precedent
and-
and
I
don't
want
to
say,
hold
the
majority
of
voting
power,
but
it's
kind
of
like
they
should
have
a
bigger
stay.
H
The
investors
will
have
financial
incentive.
You
know
in
case
this
organization
start
like
succeeds
and
yeah,
so
that's
kind
of
like
on
that
from
a
technical
perspective,
I'm
not
sure
like.
If,
like
how?
Would
you
even
like
implement
something
like
this,
because
you're
like
basically
voting
power
is
something
that's
kind
of
floating?
H
It's
not
a
part
of
like
a
hundred
like
you,
don't
get
your
voting
power
as
a
part
of
of
a
whole,
so
I
don't
know
how
this
will
be
calculated
like
on
the
blockchain
and
yeah
like
something
that
I
dislike
is
that
you're
tying
basically
my
holding
of
dxd
to
my
reputation,
and
you
know
this
kind
of
hurts
privacy,
but
I
understand
that
you
know
if
you
want
to
incorporate
dxd
holders
with
voting
power
and
rep,
then
this
has
to
happen.
H
C
Yeah,
no,
I
appreciate
that
yeah.
No,
I
I
think
it
makes
sense.
Yeah
I
mean
I
honestly
we
we
do
have
a
pretty
thorough
model
that
we
can
share
in
the
key
base
as
well,
and
I
think
you
know
a
few
guys,
whoever
want
to
play
with
it.
You
know
they're,
I
think
the
tabs
are
pretty
self-explanatory.
Maybe
mj
you
want
to
quickly
go
through
the
model.
Just
so
everyone
on
the
call
quickly
knows
yeah.
D
Yeah,
I
can
definitely
share
that.
Let
me
just
switch
my
screens,
but
all
really
good
points.
C
Yeah,
and
also
we
definitely
didn't
intend
to
you
know,
say
we're
throwing
away
anyone's.
You
know
work
over
the
three
months.
We
really
think
this
is
should
be
like
a
community
effort.
You
know
we,
you
know,
do
a
lot
of
consulting
for
projects
in
the
space
and
even
then,
even
if
we're
working
with
a
team,
it
always
is
a
community
kind
of
aspect
where
we'll
work
with
the
teams.
Get
really
good
points.
Have
a
discussion
very
similar
to
this,
where
people
will
push
back.
C
I
think
we,
like
you,
know,
sharing
these
kind
of
big
ideas
and
then
hopefully
kind
of
funnels
into
something
that
you
know
works
best
for
everyone.
But
no.
We
really
appreciate
all
the
comments
guys.
D
Yeah
yeah
yeah,
so
this
is,
you
know
after
we
share
this
we'll
post
this
on
the
the
forum.
After
you
know,
pretty
pretty
streamlined,
you
know
inputs.
You
know
some
ex
some
explainers
on
how
that
that
what
that
does
and
where
it's
at
simple
enough
rep
multiplier.
D
You
know
breaking
that
out.
Based
on
you
know,
rep
balance
is
obviously
you
know.
If
you
look
at
our
report,
we
we
did
look
at
the
historical
data
and
the
current
data
for
rep
distribution
to
get
a
sense
of
what
this
type
of
multiplier
would
mean,
and
you
know
I
think
the
the
really
important
part
here
is.
If
you
focus
in
on
the
the
y-axis,
you
know
the
multiplier
you
get
for
voting
power.
Is,
you
know
pretty
pretty
significant
in
this
from
rep.
D
So
you
know
if
you're,
just
like
a
you
know,
mid-tier
like
dxd
holder
and
you
know,
you've
been
working
on
the
down
and
you
have
a
lot
of
rep.
You're
gonna
have
really
good
voting
power
because
it's
really
it's
being
multiplied
by
a
good
amount,
whereas
if
someone
just
buys
up
a
lot
on
the
market
and
comes
in
you
know,
they're
not
gonna
have
any
rep
they're
not
gonna.
Have
this
voting
power
that
could
really
make
a
big
difference
so
approaching
it.
That
way.
D
We're
like
you
know,
a
dxd
holder
can
have
a
lot
of
voting
power
if
they
have
a
large
amount
of
rep
and
they're
committed
to
the
future.
If
it's
just
a
lot
of
dxd,
then
they're
not
going
to
get
the
multipliers
and
then
they're
going
to
end
up
having
very
little
voting
power.
So
just
that
concept
is,
I
think,
what
we
were
a
fan
of,
but,
like
you
know,
obviously
you
can
toggle
the
inputs.
D
You
can
change
the
shape
of
the
curves,
there's
a
lot
of
flexibility
with
what
you
can
do
so
rep
loading
multiplier,
a
very
similar
page
for
future
day.
D
If
you
toggle
the
inputs,
then
you
know
all
this
adjusts
and
we
get
like
little
little
tips
in
the
notes
on
what
what
what
it's
going
to
do
and
then
you
know
if
we
go
to
rep
issuance
very
similar
thing.
All
these
charts
are
in
the
proposal
of
just
like
you
know,
charting
it
out
scenario.
Analysis
might
be
the
most
interesting
one
for
us
to
focus
in
on,
and
this
is
one
where
you
know
we
took
the
there's
a
few
days
old.
D
So
apologies
if
anything's
changed,
but
you
know
we
took
the
top
rep
holders
and
you
know,
like
we
said
sorted
them
in
descending
order,
and
then
we
assessed
how
much
rep
they
have.
So
you
know
currently
the
top
ten
rep
holders
make
up
yeah
about
fifty
percent
of
the
voting
power.
So
it's
a
little.
D
It's
a
little
concentrate
at
the
top,
and
then
we
did
the
you
know
we
took
the
top
the
same
thing
so,
okay
list,
all
the
addresses
with
dxd
ranked
from
you
know
the
highest
amount,
the
lowest
amount,
and
you
know
a
lot
of
these
aren't
individuals.
You
know
we
should
just
say
that
you
know
a
lot
of
these
could
be,
you
know
different.
You
know.
One
of
these
could
be
mesa.
D
Pool
like
there
are
like
we're,
you
know
we're
aware
of
things
that
these
aren't
holders,
but
you
know
we
wanted
to
be
very
conservative
and
we
wanted
to
assume
that
you
know
okay
top
rep
holder,
let's
say
they're,
also
the
top
dxd
holder.
What
would
that
look
like
in
the
context
of
this
formula
and
then,
let's
assume
different,
forward-looking
commitments
to
kind
of
see
how
this
could
change
voting
power
overall?
D
This
goes
on,
for
I
believe
you
know
400
different
accounts,
but
it
really
tapers
off
at
the
end.
So
you
know,
most
of
the
stuff
is,
is
from
the
top
and
yeah
like
we
said
in
the
thing
you
know
we
toggle
different
forward-looking
commitments,
and
then
you
can
kind
of
simulate
like
okay,
based
on
this
framework
and
based
on
these
parameters.
You
know
how
does
the
voting
power
change
like
day
one?
And
you
know
it's
really,
you
know
one
like.
We
have
three
scenarios.
One
of
them
leads
to.
D
You
know
the
top
10
rep
holders
having
more
voting
power
and
the
other
two
are
more
more
distributed
amongst
existing
members,
and
I
think
that's
really
important,
like
you
know
this.
This
adjustment
isn't
just
for
new
members
which
we
want
to
make
it
very
easy
for
them.
But
you
know
the
idea
is
as
well
like
you
know.
We
have
a
big
existing
member
base.
How
do
we
get
the
other
people?
D
You
know
more
involved
as
well,
and
you
know
these
are
all
things
that
you
you'll
be
able
to
toggle.
But
you
know
there
was
a
good
amount
of
analysis
that
went
into
the
the
math
but,
like
we
were
saying
you
know
we're
not
we're
not
married
to
anything.
We
just
really
wanted
to
get
the
combo
started
on
what
we
think
could
be
important.
C
Yeah,
I
think
you
know
the
scenario
analysis
tab
is
going
to
be.
You
know,
like
media,
said
the
most
important
to
play
around
with
you
know
you
could
do
some
situations
where
you
know
someone
has
like
you
know,
10
dxd
or
you
know
5dxd
and
you
know
start
giving
them
a
lot
of
rep
to
you
know
say
this
person
has,
you
know,
doesn't
have
that
much.
C
You
know
financial
capital,
but
they
work
really
hard
for
the
dow,
and
you
know,
hopefully
that
also
rewards
them
with
some
dxd
potentially.
But
that's
for
another
story,
I
guess,
but
you
know
say
their
rep
does
go
up.
C
It's
exactly
what
mj
was
saying
earlier,
where
that
rep
multiplier-
and
you
know
even
if
they
only
have
a
few
dxd,
but
if
they
stake
it
for
the
long
term,
because
you
know
they
are
long
term
aligned
with
the
dow,
then
they
actually
end
up
having
you
know
a
good
amount
of
influence,
more
influence
than
I
think
they'd
be
able
to
get.
You
know
during
their
current
model,.
H
Yeah
so
like
this
is
so
this
is
something
interesting.
If
you
know,
if
I
could
produce,
you
know
like
50
different
accounts
and
each
one
of
them
will
have
just
a
minimum
amount
of
rep,
just
like
doing
something
small
for
the
dao
and
then
you
know,
fill
up
these
accounts
with
a
lot
of
dxt,
have
it
staked
and
then
sort
of
civil
attack
to
tao
this
way.
So
I'm
I'm
just
wondering
like.
D
You
know
yeah,
it
would.
D
Yeah,
so
the
really
big
thing
that
you
know
isn't
captured
here,
but
is
very
important
to
make
sure
it's
not
gameable,
and
you
know
we
encourage
other
people
to
you,
know
kind
of
explore
this
as
well.
Is
this
assumes
that
you
know
the
top?
You
know
the
400
addresses
that
have
rep.
You
know
this
assumes
that
you
know
everyone
participates,
takes
some
dxd
and
is
involved.
D
Of
course
you
know
it
might
be
a
situation
where
only
you
know
100
people
of
the
existing
member
base,
do
it
or
vote
or
things
like
that.
D
So
in
situations
where
there's
not
a
lot
of
participation,
I
think
those
are
the
edge
cases
that
we
want
to
maybe
zone
in
on
as
like
an
attack
vector
here,
because
if
you
know
not
that
many
other
people
commit
or
participate,
then
you
know
perhaps
we
get
a
situation
out
of
this
existing
formula
where
the
top
10
rep
holders
have
much
more
influence
than
they
currently
do.
So
things
like
that
could
be
really
good
to
test,
but
we'll
make
all
this
available,
so
everyone
can
play
with
it.
C
Yeah-
and
I
think
you
know
for
that,
question
too,
the
futures
they
staked
is
really
important
too
right.
So
if
this
person
does
split
up
their
dxd-
and
you
know
you
know-
has
a
little
bit
of
rep-
which
you
know
I
you
know
to
get
that
rep-
I'm
sure
that
person
would
have
to
be
aligned
with
the
dow
in
some
way,
because
they'd
be
working
or
something
like
that,
but
even
say
you
know
they
got
this
rep
magically.
They
had
a
little
bit
of
dxd
in
a
lot
of
different
accounts.
C
The
the
big
way
that
they're
they
could
get
a
lot
of
influence
would
be
by
doing
you
know,
very
long
stake,
so
you
know
if
they
did,
you
know
doing
an
attack
or
something
like
that.
It
would
be.
It
would
kind
of
be
counterproductive.
Yeah
yeah.
H
But
the
thing
is,
they
only
need
one
transaction
like
one
proposal
to
pass,
and
so,
like
you
know
they
can
put
like
they
can
stake
it
for
a
long
time
and
then
I
guess
unstake
it
after
they've
done
whatever
malicious
attack.
D
They've
managed
to
do
so.
Yeah,
that's
a
great
question.
So
if
you
were
to
unstake
it,
you
know
you
lose
your
rep,
so
so
the
the
nice
thing
about
this
formula
is
that
that's
a
situation
that
is
it's
hard
to
just
get
like
you
know
like
transient
attackers
that
way
in
this
formula,
because
you
know
if
you're
coming
into
attack,
you
know
you
can
buy
up
a
lot
of
dxd,
but
you
can't
really
buy.
You
can't
buy
rep
at
all,
earn
that
over
time.
D
So
you
know
you're
not
going
to
get
that
multiplier,
which
is
massive
component
of
your
voting
power
and
with
the
future
day
stake.
If
you
don't
stake,
if
you're
not
even
going
to
commit
for
like
one
more
day
of
staking
your
dxd,
your
voting
power
can
actually
be
penalized.
So
it's
not
even
just
getting
multiplied.
At
that
point,
you
can
actually
penalize
short-term
ism
out
of
the
membership
and
really
be
like
okay.
You
know
we
have.
D
You
know
we
have
10
guys
that
are
gonna
lock
their
stuff
for
a
year
for
a
year
and
they
have
a
ton
of
rep.
And
you
know
it's
not
that
much
dxd,
but
all
these
other
factors
combined
to
giving
them
a
lot
of
influence.
And
then
you
know
that's
a
good
situation,
because
people
that
are
most
committed
with
most
in
the
game
that
happened.
D
So
you
get
a
situation
where
it
is
hard
to
kind
of
just
pull
off
an
attack
like
that,
because
you're
not
getting
a
multiplier
and
you
might
even
get.
I
I
A
lot
of
these
things
are
going
to
require
like
much
deeper
analysis
and
like
more
debate,
etc,
forming
consensus
and
stuff,
but
I
mean
I
think,
it's
really
cool
that
you
guys
have
like
taken
the
time
kind
of
on
your
own
initiative
to
dig
in
like
this,
and
I
really
appreciate
that
yeah
happy
to
happy
to
help
something
you
guys
mentioned
in
your
initial
report
too.
That
I
think,
is
another
area
that
we
probably
need
to
unpack.
I
A
little
bit
is
how
there's
a
lot
of
like
dead
rep,
and
I
think
that
kind
of
gets
into
the
dichotomy
between
like
okay
there's
the
whole
initial
staking
period
where,
like
400
addresses,
got
what
even
today
constitutes
most
of
the
rep
versus
like
what
has
actually
been
earned
in
the
meanwhile
really,
mostly
in
the
recent
like
four
or
five
months.
His
activity
has
picked
up.
It's
kind
of
neat.
I
I
think
we'll
need
to
tease
that
apart
a
bit
and
see
because
I
think
I
think
some
of
these
numbers
can
be
deceiving
because
a
lot
of
it
is
based
on.
You
know,
like
hundreds
of
those
400
are
very
small
from
the
initial
sticking
period,
and
probably
the
vast
majority
of
those
people
have
forgotten
that
they
even
took
part
in
the
initial
period.
You
know
like
there's
these
aspects
of
this,
like
that,
that
we
need
to
shed
some
light
on.
J
Yeah
good
to
get
your
guys
feedback
on
like
I'll
goes
to
mention
a
handful
there's
like
probably
four
or
five
initiatives
that
have
been
running
to
address
these
same
issues
that
we're
all
trying
to
solve,
but
instead
of
like
uric's
thing
is
like
build
a
whole
new
building
from
the
ground
up
like
redo.
The
way
dow
stack
works
like
it's.
J
A
huge
huge
master
project
which
is
possible
would
take
a
long
long
time
and
if
it's
even
possible,
and
then
your
feedback,
knowing
all
this
stuff
on
on
all
the
five
initiatives
that
are
also
already
in
the
works
that
are
trying
to
accomplish
and
fix
the
same
issues
and
how
we
could
make
those
initiatives
better,
would
also
be
really
helpful.
I
think.
D
Yeah
yeah
we'd
love
to
to
dive
into
those
with
greater
detail
and
kind
of
see
how
we
can
maybe
fuse
certain
parts
of
this
into
into
what
you
guys
been
working
on.
D
Yeah
yeah
and
you
bring
up
really
good
points.
We,
you
know
we'll
look
we'll
definitely
look
into
that
and
then
just
to
jump
back
to
the
dormant
rep.
Is
that
something
we
hadn't
addressed
yet
on
this
end,
you
know
we're
thinking
about
you
know,
you
know,
do
you
slash
dormant
rep
holders
like
how
do
you
do
that
and
with
the
rep
inflation
model,
you
know
the
idea
was,
you
know
you
might
not
really
have
to,
because
you
know
deciding
who
gets
slashed
might
be.
I
D
Who
who's
getting
slash
who's
not
could
be
very
contentious,
so
we
we
took
the
standpoint
of
let's
just
kind
of
fix
things
like
or
you
know,
get
these
things
reweighted
moving
forward
right
and
that's
where,
like
the
issuance
comes
into
play.
So
you
know
if
someone
had
a
lot
of
rep
from
way
back
when's,
not
using
it
not
participating.
D
You
know
they're
going
to
get
diluted
away
over
time,
as
other
members
accumulate
rep,
but
on
the
flip
side
like,
if
you
already
have
a
lot
of
rep,
you
know
you,
you
can
still
gain
a
lot
more
through
new
issuance
as
well.
So
it's
really
kind
of
just
like
a
forward-looking
thing
of
you
know
we
have
this
existing
distribution,
but
how
can
we
maybe
make
it
a
little
more
balanced
and
a
little
more
updated
based
on
current
and
future
members.
C
Yeah,
it
can
almost
be
thought
of
as
like
a
work
farming
initiative,
but
you
know
the
influence
that
you
gain
can
you
know
can
be
inflated
away
too.
If
you
don't
keep
participating,
that's
what
we
kind
of
liked
about
it
and
how
we
were
thinking
about.
I
D
D
You
know
the
rep,
you
know
you
could
have
a
system
in
place
where
you
know
as
soon
as
you
on
stake.
You
know
that
rep
is
then
you
know
burned,
which
is
you
know,
the
type
of
automated
dynamic.
I
think
you
kind
of
want
to
scale
to
scale
things
up
as
well
and
it
keeps
it
always
makes
rep
a
thing
of
like
active
participation
where
it's
based
on
your
historical
work,
but
it
still
matters
like
what
you're
doing
moving
forward.
C
Yeah,
it
basically
gives
control
of
the
dow
to
the
current
existing.
You
know
participators
and
yeah.
I
D
Yeah
and
and
then
like
you
know,
not
the
because
this
is
something
that's
not
like
a
major
thing,
but
like
the
ui
that-
and
this
is
something
that
neil
can
share
soon
as
well
of
just
making
it
like
a
very
simple
place
of.
Like
you
know,
I'm
a
member,
I
go
to
one
portal,
I
use
everything
I
stake.
I
vote
all
in
one
spot
and
just
making
that
experience
really
good.
D
It
could
be
really
powerful
and
just
like
boost
things
on
its
own,
where
you
know
like
you,
like
people
had
said
like
things,
are
very
like
all
over
the
place
right
now
and
different
like
if
there
is
information
on
different
websites,
you
know
different
apps
are
being
used.
You
know
different
everything.
Things
are
just
in
different
places,
it'd
be
great.
D
If
we
could
just
you
know
condense,
that
down
into
one
really
great
user
experience
as
like
a
members
portal,
because
that
will
really
play
into
the
benefit
of
that'll
really
play
into
the
strength
of
the
dow,
which
is
you
know,
we
have
all
these
different
things
under
our
umbrella.
Here's
one
place
where
you
can
access
and
see
them
all.
Very
very
clearly,
and
that
could
be
that
could
go
a
long
way.
I
think.
C
But
yeah
guys,
if
anyone
has
any
other
questions,
obviously
feel
free
to
you
know,
reach
out
we're
on.
You
know
tell
we're
in
the
telegram
groups
we're
in
the
key
base
group
we're
on
the
forums
you
can
find
us
at
twitter
too,
at
a
neil
delphi
at
media
delphi,
our
dms
are
open,
but
we'll
we'll
post
this
excel
on
the
key
base
and
the
forums
additionally
we'll
be
wrapping
up.
C
You
know
the
other
two
parts
of
our
proposal
are,
you
know
one
mj's
alluded
to
the
ui
kind
of
it's
just
like
a
quick
mock-ups
to
show
you
the
direction,
we're
thinking
of
and
two
is.
You
know,
looking
at
the
bonding
curve
more
and
what
we
can
do
there,
but
yeah
these
are.
Basically
you
know
our
kind
of
ideas.
We
just
wanted
to
share
how
we're
thinking
about
the
space.
C
Hopefully
it
does
inspire
some
good
discussion
where
you
know
even
these
five
initiatives
that
you
guys
are
working
on,
we
didn't
want
to
detract
from
that
work
or
you
know
take
away
anything
from
that.
We
just
really
wanted
to
contribute
to
the
dao.
Show
you
how
we're
thinking
about
it
and
hopefully
bring
some
new
ideas.
H
Yeah
I
I
just
want
to
say
that
I
think
maybe
the
best
way
to
progress
here
or
like
one
of
the
ways
would
be
to
start
up
like
a
working
group,
specifically
with
you
guys
or
something
a
few
people
from
dxdow,
possibly
with
like
martin.
If
vitalik
wants
to
join,
then
you
know
we'll
we'll
accept
him
and
and
you're
almost.
H
Say
like
we
need
to
figure
out
how
to
do
that,
and
I
mean.
Obviously
this
is
like
a
long
process
and
yeah
there
will
be
experiments
as
we
go
along
so
yeah.
I
don't
know
if
some
people
want
to.
A
To
do
yeah,
and
one
of
the
framings
I
think
is-
is
helpful
that
we've
been
kind
of
using.
Is
this
governance
one
point
x
and
governance
2.0,
because
we
do
kind
of
mix
up
a
lot
of
these
initiatives
because
there's
a
lot
of
things
we're
like
well
we're
trying
to
get
this
out
the
door
now
we're
trying
to
you
know
fix
something
that
we
can.
A
We
can
implement
versus
things
that
really
are
like
a
complete
redesign
and,
I
think,
there's
you
know
good,
pretty
widespread
consensus
on
the
need
to
align
a
long-term
alignment
which
will
lead
to
some
kind
of
complete
governance,
redesign,
so
yeah.
I
think
I
think
we
need
to
kind
of
just
bucket
these
in
the
one
point
x
and
then
the
governance
2.0,
but
I
think,
like
a
working
group
kind
of
on
that
is
a
great
idea.
A
I
It's
interesting
to
also
kind
of
realize
that
there
are
a
lot
of
other
projects
that
are
iterating
on
their
governance
and
other
dows
that
are
kind
of
planning
to
be
launching
soon
too.
So
I
I
do
feel
like
there's
sort
of
a
wide
open
opportunity
here
that
a
lot
this
sort
of
reputation
based
system
is
kind
of
a
nice
contrast
to
a
lot
of
the
other
stuff
out
there,
and
has
it
really
been
kind
of
figured
out
yet.
D
Yeah
yeah
absolutely-
and
I
you
know
on
that
point
I
think
like
right
now,
there's
a
very
interesting
opportunity
for
ex
dow,
not
to
just
like
you
know,
update
the
governance,
but
really
like
have
a
model
that
you
know
sets
like
a
precedent
for
the
space
where
you
know
everyone
else
has
you
know,
potentially
you
know
weaker
governance
models.
D
You
know,
but
dx
dow
can
could
really
be
like
the
best
in
class,
where
you
know
yeah,
there's
a
lot
of
decentralized
communities
out
there,
but
you
know
that
is
like
one
of
the
best
governance
models.
I've
seen
and
then
you
know,
if
you
have
like
you
know,
governance
having
a
good
governance
system
is
so
important
for
for
this
dow
that
that
could
be
one
of
its
like
hallmarks
of.
You
know
that
people
are
impressed
by
and
attracted
to
and
it
like.
D
C
Yeah
and-
and
I
think
you
know
this
conversation
was
great-
we're
pretty
grateful
to
be
able
to.
You
know,
chat
with
all
you
guys
and
have
this
much
participation.
It
really
was
what
you
know
attracted
us
to
dxdown
in
the
first
place.
If
you
go
back
and
read
our
report,
you
know
there
are
a
lot
of
dows
out
there,
that
you
know
they
don't
even
have
a
weekly
call,
but
you
know,
even
if
they
do
they'll
get
a
fraction
of
the
participation
that
you
know.
C
Even
this
call
got
and
even
then
you
know,
if
you
share
ideas
there,
people
will
usually
it's
just
a
bunch
of
yes
man.
So
you
know
we
we,
like
our
ideas,
being
challenged.
It
makes
us
think
you
know,
through
even
more
so
yeah
no
appreciate
everyone's
time.
A
Awesome
I
just
want
to
kind
of
go
over
a
couple
of
things
and
mindful
time,
but
there
were
a
couple
of
things
just
to
kind
of
think
about
and
yeah.
So
first
manifesto
just
vote
on
it.
It's
on
alchemy,
right
now
we're
at
like
23.