Notice to the Lisk Community

This post is about concerns with GDT (Global Delegate Team), the group of mutual voters that has 80+ members and accounts to a very significant percentage of forging delegates.

GDT is in existence since the early testnet for Lisk. Its core comprises participants from the testnet as well as from the former Crypti community. It was always said or widely perceived that GDT is good for Lisk since it were supposed to invest forging rewards into the Lisk ecosystem. Within the concept for Lisk it is envisaged to fund various projects for Lisk by way of forging rewards, and it was expected that the benefit exceeds the inflation that comes with the comparably high figure for block rewards that characterizes Lisk.

It is assumed by many that GDT would provide for an organizational structure that is beneficial for Lisk, for all of its community and the investors. Recent developments however indicate that GDT is in a process of monopolizing forging rewards primarily for its own benefit and with a view to achieving insuperable voting power through accumulating most of the newly issued LSK.

GDT has no statute for its governance. Basically there is a single individual who creates a list of its members. Part of the conduct of GDT is maintaining a rather high number of 80+ members that keeps it ahead of any other potential competing group. In recent weeks the style of governance had changed in that members were pressed to vote each other (while before basically everybody had to go for his own votes), and in that GDT implemented a vote tracking database and regime of questionable practices in regard to improve its ranking and having a tight grip on its members. More details on this are to follow...

This is not to say that all or the vast majority of its members are bad or untrustworthy delegates. For most there is no other choice than being part of GDT.

This post is done with the intend to break up GDT and prevent it from finalizing its grip on forging rewards. It can become very important that the Lisk community and all outside voters use their voting weight against GDT and its established leadership. In this context there is also a warning on pools that promote certain delegates without saying why it is good to vote them or what their alliances are.

Lisk has a great potential. It is important that the Lisk community makes use of its voting power and actively supports trustworthy candidates. Many delegates who are in GDT absolutely deserve votes from the community, as for instance they provide necessary technical support in order that the Lisk blockchain works. There are also many other important tasks done by several active delegates in promoting Lisk etc. A good indication for outstanding delegates is when they have the votes from both Max and Oliver. The more votes they get, the less dependent they are on GDT.

Attached to this post are the logs from the relevant Slack channels of GDT for the last few weeks. It is seen as fair giving every Lisker access to information that has importance with the affairs of Lisk.

With fairness seen as paramount, it should be attempted to break up mutual voting groups when they act as cartel and deliberately don’t let space to other groups or individual delegates. Acting for competitiveness can have a beneficial effect for the Lisk ecosystem and requires support from the community.

https://yadi.sk/d/7L3krpjz3AWJYB

http://carolinaliskdelegate.wordpress.com