This is a cross post from Slack from @Bridgewater which I thought was an awesome writeup:
"Regarding proposal fee reduction discussed earlier, I see it as bad thing, and a rising cost of entry as good--not just for weeding out scammers but for growth in general. IMO, it means increasing responsibility of contractors, who should actually be doing bigger and bigger projects as Dash itself grows and the proposal fee gets higher because of that growth. This is an economic self-balancing factor that need not be touched unless you're playing micro-management government overreach. You built the system and gave the rules to everybody, and then grew because of it.
Remember the point of crypto? You can't invest and produce in an economy where somebody can keep changing the rules. No-one will play. You need something with clear understandable rules and then people will figure out how best to use it. You can't do it for them, because it kills all creativity and innovation. Dash is not, or should not try to be a heavy-handed government; it should facilitate free market capitalism. If Dash gets bigger, people are free to band together and form entire organizations devoted to micro-projects that help Dash. The MN can easily vote for said organizations based on proven performance and professionally prepared auditing reports. Those contractors could even run their own Dash-compatible DAO to do their own voting and funding. But that's only possible when you have something large and _stable_ backing it up.
Dash needs to be able to scale to bigger and bigger projects, and you can't do that with micromanagement. Are you going to adjust the coin supply too because dash gets "too expensive" and not enough people can have 100 dash? Just as dash is infinitely divisible, so too is management.
Progress does not come from going backward, but forward. If Dash has passed the phase where it needs 5 dollar proposals because its market cap is now in the hundreds of millions, that is a GOOD thing. What happens when dash market cap is 500 Billion? Let's have the MN vote on some kid proposing to fund a Dash sticker for his bicycle--Really? The answer is that if we keep thinking like this we will never reach 500 billion market cap, because the big money only comes from scaling through delegation. This is also the same reason many small companies never become large companies, btw. /rant"
"Regarding proposal fee reduction discussed earlier, I see it as bad thing, and a rising cost of entry as good--not just for weeding out scammers but for growth in general. IMO, it means increasing responsibility of contractors, who should actually be doing bigger and bigger projects as Dash itself grows and the proposal fee gets higher because of that growth. This is an economic self-balancing factor that need not be touched unless you're playing micro-management government overreach. You built the system and gave the rules to everybody, and then grew because of it.
Remember the point of crypto? You can't invest and produce in an economy where somebody can keep changing the rules. No-one will play. You need something with clear understandable rules and then people will figure out how best to use it. You can't do it for them, because it kills all creativity and innovation. Dash is not, or should not try to be a heavy-handed government; it should facilitate free market capitalism. If Dash gets bigger, people are free to band together and form entire organizations devoted to micro-projects that help Dash. The MN can easily vote for said organizations based on proven performance and professionally prepared auditing reports. Those contractors could even run their own Dash-compatible DAO to do their own voting and funding. But that's only possible when you have something large and _stable_ backing it up.
Dash needs to be able to scale to bigger and bigger projects, and you can't do that with micromanagement. Are you going to adjust the coin supply too because dash gets "too expensive" and not enough people can have 100 dash? Just as dash is infinitely divisible, so too is management.
Progress does not come from going backward, but forward. If Dash has passed the phase where it needs 5 dollar proposals because its market cap is now in the hundreds of millions, that is a GOOD thing. What happens when dash market cap is 500 Billion? Let's have the MN vote on some kid proposing to fund a Dash sticker for his bicycle--Really? The answer is that if we keep thinking like this we will never reach 500 billion market cap, because the big money only comes from scaling through delegation. This is also the same reason many small companies never become large companies, btw. /rant"
