I wouldn’t go out of my way to engage passive holders who happen to own coins but otherwise don’t participate in any way.
That’s why I also like the closing paragraph that mentions alternative approaches.
Certain matters should be decided by active, engaged wallets and different approaches may be feasible depending on the subject. Examples:
- validator wallets should be excluded from niche matters completely unrelated to their unique function, such as StarKey roadmap
- CEX wallets should be excluded from any participation whatsoever
I’d have no problem if such rules and lists were created as needed, before significant votes. I’d rather have them made by Supra as we go than make it totally prescriptive. The risk of Supra making bad ad-hoc rules that impact voting in worse ways than plain old 1 Supra 1 vote is much lower.
Close attention must be paid to correct scoping of “eligible voters” and at the same time having high participation thresholds where appropriate. For example, in a matter of StarKey roadmap today we may want wallets who made at least 20 transactions and 50% of eligible voters.
Since not many addresses would be eligible maybe only 2 billion Supra would be eligible, and “only” 1 billion + 1 Supra votes would be required for a Yes decision. But that’s much better than allowing anyone to vote and use simple majority of votes cast.
This includes, but is not limited to, the exploration of ideas
Please take a look at Polkadot’s locking mechanism. If you vote with 50% of your balance, 50% your tokens are locked (as if you’re staking Supra validator pools) for a few days and can’t be used to vote again until that period is over. You can also boost your vote (e.g. 2x) so that 100K Supra gives you the power to vote with 200K, but the lock period grows exponentially (e.g. from 0 days to 4 weeks) and that may be well worth to you if the matter you strongly care about is voted on - all of your balance is taken out of action for 4 weeks, but you were able to double the power of your vote.
(That’s about the only good feature from Polkadot governance. The rest is a showcase of how democracy ruins everything.)