Update 21/12/2022 :
After a month spent into trying to reform governance we decided to put this initiative on hold. It’s been a month of 16+ hours a day to try bringing new ideas on the table. Just to face that our approach is not taken seriously. Therefore we don’t want to spend more time trying to convince people that just don’t want to.
Our standpoint is now clearer than ever, the current governance structure is definitely not sustainable, nor scalable, but we can’t force our way in. So we will just share what we’ve done, and let that sink in just in case someone could make use of it.
Let that day be the one we warned cosmos that the current political architecture of the SDK has a massive flaw. If votes are not separated from security then foundations will push for more and more centralized political agendas. We bet on the fact that political forces will do absolutely stupid stuff with the community money and this is where your system will break. Investors & delegators inevitably lose confidence and the entire castle will fall apart. At that moment you may remember than a tiny group of people warned you long before that this will inevitably happen if the political & economics forces are not clearly separated and constantly kept in check. Because there’s not even a chance to see politics & economics run correctly without proper balancing mechanisms. You didn’t want to listen in 2022, maybe you will in a not so distant future !
That being said ! Happy holidays to everyone in the Cosmos, we love that ecosystem, but we will remain out of the politics for now. Hoping that we were wrong about this. Otherwise see you guyz later when you’ll wake up to this call.