Dear Secret Community,.
13 Feb 2023, 10:53
Dear Secret Community,
Despite the mixed opinions within the Citadel team, we have made a tough decision to vote against the Secret proposal #130.
First of all, our vote is explained by the lack of proper analysis as well as data on the potential outcomes of this proposal. The other reason why a hard cap on validator voting power might not work is go-around schemes. There is a high probability that a validator that reaches the limit will launch the second node. Thus, the more restrictions and limits we impose, the more complications we have.
We believe that validators with significant voting power could and should, on their own, encourage users to delegate to other nodes. For instance, a while ago we raised a commission for the Secret Network, thereby encouraged network participants to delegate to other nodes.
Summarizing all of the above, Citadel.one is also concerned about centralization. However, we believe that before taking drastic actions, it is certainly worthwhile to do detailed research.
Same news in other sources
1Citadel.oneXCT #2344
13 Feb 2023, 10:53
Dear Secret Community,
Despite the mixed opinions within the Citadel team, we have made a tough decision to vote against the Secret proposal #130.
First of all, our vote is explained by the lack of proper analysis as well as data on the potential outcomes of this proposal. The other reason why a hard cap on validator voting power might not work is go-around schemes. There is a high probability that a validator that reaches the limit will launch the second node. Thus, the more restrictions and limits we impose, the more complications we have.
We believe that validators with significant voting power could and should, on their own, encourage users to delegate to other nodes. For instance, a while ago we raised a commission for the Secret Network, thereby encouraged network participants to delegate to other nodes.
Summarizing all of the above, Citadel.one is also concerned about centralization. However, we believe that before taking drastic actions, it is certainly worthwhile to do detailed research.
Dear Secret Community,.
Dear Secret Community,
Despite the mixed opinions within the Citadel team, we have made a tough decision to vote against the Secret proposal #130.
First of all, our vote is explained by the lack of proper analysis as well as data on the potential outcomes of this proposal. The other reason why a hard cap on validator voting power might not work is go-around schemes. There is a high probability that a validator that reaches the limit will launch the second node. Thus, the more restrictions and limits we impose, the more complications we have.
We believe that validators with significant voting power could and should, on their own, encourage users to delegate to other nodes. For instance, a while ago we raised a commission for the Secret Network, thereby encouraged network participants to delegate to other nodes.
Summarizing all of the above, Citadel.one is also concerned about centralization. However, we believe that before taking drastic actions, it is certainly worthwhile to do detailed research.