DRep Payments Debate I think I have settled on a position in my mind (until someone makes a good point I didn’t think of 😂). Investors/speculators should not be DReps. Only businesses that rely on Cardano as infrastructure (because at the end of the day that’s what it is) for their operations should be DReps. That way their time as a DRep is a cost against their business. They are also motivated towards decisions that benefit their business. Their own business therefore pays them for being a DRep.

Further to my other responses, in the interest of checking my own bias towards maximum decentralisation and practicing what I preach about not having a knee jerk instinctive reaction, I would be interested to know what people think to the idea of an elite DRep class. While instinctively it feels bad, is this just because the word “elites” has been twisted to mean bad in society atm? Maybe we want an elite group of people who know about the technical details of Cardano to be making the decisions. Liquid democracy allows us to easily move from one DRep to another, but should just anyone be a DRep? 🤔

Further to my other responses, in the interest of checking my own bias towards maximum decentralisation and practicing what I preach about not having a knee jerk instinctive reaction, I would be interested to know what people think to the idea of an elite DRep class. While instinctively it feels bad, is this just because the word “elites” has been twisted to mean bad in society atm? Maybe we want an elite group of people who know about the technical details of Cardano to be making the decisions. Liquid democracy allows us to easily move from one DRep to another, but should just anyone be a DRep? 🤔

Gm Cypherpunks 🏴‍☠️ Hope you all have a lovely Sunday. I thought I would reply to @phillewisit from my page so I can share my thoughts with everyone 💙 Phil I think we may agree with each other for different reasons. I also hear what you’re saying. But I can’t lie to you. I’m sat here thinking that this is already becoming too bureaucratic. Everything is now open to question, this is starting to feel like this is going to end with a small click of very powerful DReps controlling Cardano. Smaller DReps will quickly realise their voice is worthless and will drop off bit by bit. Believe it or not I signed back up the other day. Because I wanted to vote NO on the constitution I felt I should do it to stand my ground regarding my ethics and as a mere protest. But I don’t want any payment, because it just makes my life even more complicated. These are taxable events in the UK. I can’t even give it back without it being a taxable event. I fear Cardano is just re-creating the traditional governance system on the Blockchain. I just want it to be as simple as possible. KISS 💋 If things become as complex as you’re suggesting this will centralise Cardano more and more overtime. I mean just think about it, no one even knows what a fair payment would be. And then what about if all of a sudden everyone was signing up to become a DRep just because they want payment? Do the DReps with more delegation get paid more? Can Cardano afford 100,000 DReps? Does it also just become an attack vector? I don’t think these things are being properly studied. It feels to me very unorganised. I know Charles has warned this would be messy, but honestly how much time do people have? I’ve got kids? I’ve got a business. I’m very busy running between different countries working. I’d love to participate but if it’s just over convoluted bureaucracy with an elite circle of DReps then I don’t see how this improves participation or decentralisation, honestly I see this becoming centralised decision making. The more complicated it becomes the less people will participate, the less people focus on governance the more centralised it becomes, and that’s a vicious circle. Less and less people will participate, only the top 25 DReps will have a say! I posted yesterday that I feel this discussion is opening a can of worms. You are right in saying that people should be incentivised. But is it not enough to be content that you’re playing a role in the improvement and future of Cardano. I can’t see how you can make this work without it being completely unbalanced and unfair to the little guy. Hence I advocate for no compensation! Because there’s no way to do it fairly 🤷‍♂️ not without DID’s Top DReps making a load of money, and little guy making very little, do you see how that may disenfranchise people who come from poorer nations who literally cannot compete with the most popular DReps! When people say don’t let perfection get in the way of something good. And I reply with are you sure you’re ready for this. Can you understand my concerns? I fear Cardano could find themselves in a situation where the community has very little say. Big bag holders will control Cardano forever 🥺 It’s just an opinion. Doesn’t mean I’m right, thanks for the discussion Phil have a lovely Sunday. Tobes 🙏