Post
Topic
Board Announcements (Altcoins)
Re: ★[ANN] [NAV] NAV COIN - NAVTECH NOW DECENTRALIZED!
by
Kirilp
on 20/11/2017, 11:22:07 UTC
Quick Update On The Community Vote And Network

Hi everyone! Just a very quick Monday update from the team.
It’s been a busy few weeks with the team involved in lots of planning/strategy sessions – but we’ve noticed some confusion around the community vote & a few other items, so we thought we’d give you a quick update.

Update on the community vote:

- The vote was originally set to last for 4 weeks, which is why it will show the vote as ‘ended’ in your wallet. However, the votes are still being counted on the network.We will extend the voting period for another 8 weeks.
   We will be updating the Community Fund Vote page to reflect this, but do realise that there may be some confusion because the wallet will continue to say that they vote has ended. This will be addressed in the next wallet
   update.
- Part of the reason why we are extending the vote is that we’ve just had another 1.5 million coins update to the latest wallet version and are voting yes. With over 73% of blocks voting yes in the last 1000 blocks we are
  getting VERY close to our target, and without needing to change the rules of the vote.
- We have been very hesitant about changing the rules of the vote mid-way through the voting period. There was lots of support from the community about excluding old wallets from the vote – but because this rule wasn’t
  outlined before the vote, it walks a fine line between ‘doing what the community wants’ versus ‘changing the rules to get what we want’. We want this vote to be seen as fair, and without intervention – hence our hesitation
  around changing the rules.
- So TL/DR:
  The Community Vote is being extended for another 8 weeks
  We are very close to getting the 75% required (73.8% in last 1000 blocks).

https://navcoin.org/news/quick-update-on-the-community-vote-and-network/?utm_content=buffer2f5d1&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer