Governance Centralization Risk from Liquid Staking Design

I am vaguely familiar with them. I don’t know how much ICP they own and how much they have staked but holding WTN is having stake in the game because WTN is worth money or at least will be worth money if and when there a lot of nICP adoption.

How do you know they don’t have staked ICP?

Let’s delete ntn too. After all it was Adam who funded your project to take money from the nf.

This is an existential problem (for DAOs). DAO affects NNS and has never once shown itself to be a bad actor so far. But people demanding more NNS influence on DAO perceive DAO as a threat and want to limit and even destroy it. Is NNS influence on DAO legitimate in this situation? No. We are already in a conflict situation and the victim here is not NNS but DAO :slight_smile:

I’m not sure that is my stance. I would have to study more whitepapers and different models.

The one we are currently adressing I do believe is predatory in nature. That doesn’t mean I think the DAO are bad people or whatever, just the way I see things.

I’m so glad I did because they’re fantastic devs and worked out exactly why WaterNeuron is an insidious attack upon the NNS.

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I am assuming Synapse rulers also has a lot of voting power and no skin in the game. Somehow collected from bigger ICP contributors who can’t find the time to manage neurons. Someone should give em a call and let them know what’s up.

Where is said spreadsheet that shows how I vote? What conclusion can be drawn from how I vote and how I interact in the forum?

I agree it’s a super complicated problem.

I’m still racking my brain on an appropriate way to adress this issue that is fair to all parties.

But I would hope we can atleast agree that there IS A RISK HERE worth discussing how to properly mitigate.

I would hope we are past the point of arguing about who the good guys are, and agree that we should design systems to be trustless.

I don’t currently have a good solution. It’s a very difficult problem.

Now this risk is exaggerated. And this is also a problem. There is more personal animosity in this exaggeration (towards the project and the people who run it) than a real threat to the network. In general, I understood the positions of all the people here and drew my own conclusions :slight_smile: It was nice talking, have a nice night :slight_smile:

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Yes, I am pro water neuron, as I have invested in the project. I’ve seen a bunch of allegations, with little evidence to back them up. I am not sure what makes you think i am pro Wenzel. What does that even mean? I agree and disagree with him all the time. I rarely interact with you. The only main negative interaction or reaction I’ve had against something you’ve done was the DOS attack which I believe is wrong. Someone asking you for evidence about your claim is not throwing tantrums. I don’t think I care enough to do that. I don’t know where you all gain all this stuff from.

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Currently there is zero threat and even if they manage to get 10% of the voting power it will still be relatively low.

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You somehow missed to see the one and a half month of forum posts full of evidence.

At least you’re watching the right cartoons :slight_smile:

I’ve read as much as I could since this whole debacle started. It’s been so chaotic, it’s hard to put a pulse on what is true and what is not. The latest accusation is that the water neuron team is part of Coinbase. Where’s the evidence for this claim?

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