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RE: HF21: SPS and EIP Explained
But I am concerned we could end up with a lot of low value "projects" which developers and insiders like but which does not measurably drive according to any traced metrics.
Of course there will be funding for low value projects with the usual source of beneficiaries at the top who say we need to alter rewards to stop the vote bots that many of them profit from. Right now its campaign time promising the moon, then once in place what will be will be.
It seems only you have ever heard of kickbacks. Sadly, they are how government is run, and taxes create governments.
SPS sounds like a perfect mechanism to tax from the smallest stakeholders a flow of funds to a group of cronies with enough stake to ram through their proposals. We will see what happens when we allow a group of 35 rapine profiteers that have already managed to extract ~90% of the inflation from the rewards pool to vote themselves another 10% of the rewards.
I think we both know what we'll see.