Moving beyond coin voting governance

Coin Voting allows token holders to participate in decision-making, but most token holders are not well-known (a result of attracting high-APY token holders). Decentralizing governance was delayed rather than building community. Despite the desire for decentralization (for regulatory, idealistic, or scaleable reasons), new alternatives have emerged... See more

Coin voting has three key problems: Those with more coins can influence things. Coins are freely traded, and bribery protocols like Paladin have appeared. The coin holder's level of involvement (context) is not considered when calculating the voting power for Coin Voting. Conversely, Coin Voting has some positives: Unlike one-member-one-vote, Coin ... See more

Most (if not all) governance mechanisms in crypto today revolve around some sort of implementation of the one-token-one-vote concept, akin to token-weighted direct democracy or shareholder democracy.