Governance
7 pieces tagged “governance”.
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Uncapping ALGO is not the threat. Spending the treasury without growing the network is. Why node runners should withhold the upgrade vote until the Foundation concedes.
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Tying xGov voting power to blocks proposed hands the treasury to whales. The case for an elected council with median-based budget voting, and what the current proposal gets wrong.
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A year on: outflows nearly halved and consensus rewards landed, but revenue is ~$730k/yr, xGov is still broken, and the RWA focus is costing us on-chain growth.
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Reading Berg, Davidson and Potts alongside Coase: blockchain as institutional technology, manufacturing trust cheaply enough to flatten the firm.
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xGov pays for promises, not delivery, and lets stake decide. Four fixes: an elected committee, retroactive-only funding, no stake-weighted votes, and median voting.
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A concrete draft: 600M ALGO over ten years, allocated by a 115-member DAO scoring impact retroactively, with median voting and a 5% per-project cap.
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Algorand is spending ~$350k/day against ~$5k/day in fees. A holistic proposal: node incentives, retroactive public goods funding, and an uncapped supply with a burn.
