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RE: Proposal: Bringing Steem Back to the Future with a Decentralized Sidechain for Dapps & Token Economies

in #steemdev • 2 months ago

Two questions, one related to the proposal and one not.

Question 1: How will this work for accounts with proxied votes?

80% (160,000,000 tokens): Distributed to proposal voters based on their SP holdings across multiple snapshots before launch.

Do the tokens go to the voter or to the owner of the stake?

Question 2: Just out of curiosity, is fundition.io still working? For some reason, I thought it had shut down years ago. But, I was surprised to notice recently that the site is still online, and I imagine that most of Steem's current user base is not aware of it...

2 months ago in #steemdev by
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     2 months ago (edited)

    Hi @remlaps,

    1. If I'm not wrong, users must vote directly for proposals like this one, the system does not care about proxied votes (proxies are simply used for witness votes). And SP Delegations are not taken into count too.
    2. Fundition has never really shutdown, however the service has been in rework for quite some time... but I can't give any time for the release of the new Fundition (which is bigger, better and obviously belated^^).
      But here you go with a screenshot of the new Fundition project creation screen. You will notice two new types of project that would be a great addition to the existent one

    image.png

    PS: you can open the picture on a new tab to see better.

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     2 months ago 

    Thanks for the reply!

    1.)

    If I'm not wrong, users must vote directly for proposals like this one, the system does not care about proxied votes (proxies are simply used for witness votes).

    I haven't looked at the code, but based on https://steemworld.org/proposals, I believe the proxy setting does apply for proposal voting, too. If you click into any proposal on that link, it shows influence from both owned SP and proxied SP. It also shows voters with no influence because their proxy hasn't voted.

    2.) Nice to see that fundition.io is being developed. Thanks for the update on that. I always liked the concept.

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     2 months ago 

    Looks like you are right. I always thought that the SPS votes are not using the proxy stake.
    I'll see how we can handle this, the easiest way would still be to send the tokens to the proxies so they can redistribute it... but it would be more fair if we can take into count all the stakeholders instead of a single proxy. (just a bit more difficult to calculate precisely)

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     2 months ago 

    but it would be more fair if we can take into count all the stakeholders instead of a single proxy.

    More fair, and you'll probably get a broader distribution. I guess it would be challenging to get all proposal voters to pass the tokens along to the proxying accounts.

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