/biz/ - Business & Finance

Is Polkadot making the same mistake than EOS? Trying to apply concepts from the old world to a blockchain?
Seriously how stupid is it to let random token holders vote about technical proposal that less than 1% of people understand? Developers should make the decisions.
Look at this proposal for example, people are voting at more than 95% to increase the amount of validators, because they want more money. But most of them don't understand that polkabots need a limited amount of validators to work best. They will always vote to increase the validator count, whatever happens, because in their mind it means more rewards. It takes a developer to understand what is the ideal validator count, but the developers voices are barely heard here.

It's unavoidable that the long term of polkadot development will be full of bad technical choices and frustrated technical leaders.