Eliminate zero cost vote power in consensus and governance

[jacobgadikian]

@common_spelling

currently, the cosmos is a conspicuous validator scam where the same validators farm investor capital through a myriad of schemes

Disagree, but I do think that if we keep placing validators at odds with stakers like staked POL schemes do, we’re heading down that path all too fast.

@common_spelling

This can be done by removing the 10% tax that validators unilaterally implimented onto users in prop88, forcing all users into whatever common enterprise that validators aggrigated VP to fund themselves with, and implimenting an opt-in only funding scheme.

https://forum.cosmos.network/t/proposal-88-accepted-increasing-hub-community-tax

Validators pay this tax, too. I think that another way to reduce the problem you’re describing here is to make representation by validators optional.

When we surveyed our delegators, there was overwhelming support for us to represent them (about 90%) but it makes sense to give a choice when users delegate.

I think it’s all about choice.

@common_spelling

This can be done by democratizing liquidity flows with opt-in only funding, turning forced taxation into voluntary contribution for public goods funding, or whatever DAO a user chooses to support.

This is interesting but would somehow need to be attached to a way of getting a return, and then at that point I think that we re-create in small form the issue of “atom value capture” as value may well flow to the “way of getting a return” instead of ATOM.