I love the old/current logo. A red arrow pointing to the top left does not give me good vibes. If, then I like green arrows to the top right. The current blue color is perfect. Clear blue skies ahead! I vote AGAINST.
Besides, I do NOT like the voting via buying/selling at all. Why not do a simple stake-based voting system?
Hi bozer, so Sanctum are trying a different approach to governance â Futarchy. You could view this as an experiment and a chance to try & learn something new.
So basically the first test vote is about this temporary change of the logo. Letâs say I love it and I will tell you: âI bet $10 this proposal will winâ. You donât like it and are convinced it wonât happen, so you tell me: âI bet $15 this proposal will not passâ.
Now everybody does this. We all open our âbet ordersâ â mine is a buy order ($10 USDC to buy CLOUD) and yours is a sell order ($15 worth of CLOUD to sell for USDC).
If the buy side wins, i.e. there is more USDC wanting to buy CLOUD, then the vote passes and all the buy/sell orders get executed.
This is just a basic description based on how I understand it so far. There are other aspects like itâs a market, itâs about price, ppl can open multiple orders, etc. So letâs see where this leads
well, i get what itâs trying to do. just mainly never have USDC (LOL)
Itâs definitely a different way for governance, but I worry that since itâs kind of a one way deal in terms of how $CLOUD is used, that it actually hinders $CLOUD utility
Edit: Isnât this forum exactly for hashing out those questions that futarchy is trying to tease out instead of leaving them to be teased out at the time of voting itself?