I'm interested, if you can elaborate a bit more, about this concept of vote proxies. Voting where?
can you explain users can delegate their voting power to local leaders/agents so they can steer the development of the network on their behalf.. for what vote?
Access is a governance network that allows users to vote on tools and solutions they need developed so that teams of developers can build them for the ecosystem. It aims to help the unbanked obtain the basic financial tools they need to bypass the current infrastructure. Though, a lot of them only have dumb phones so they can delegate their votes (a function based on reputation and amount of tokens held) to agents from their community who can then vote on their behalf. Agents never obtain the tokens, they can juste wield their voting power but users can retract those rights at any time if agents don't vote like they would have wanted to.
Doesn't that open up possibilities for vote manipulation if one of the methods to be allowed to vote is how many tokens you have? Or did I get that wrong?
Radical Trust is a new voting mechanism derived from Quadratic voting. It takes a radical function to calculate a vote as the weight of each token declines as more tokens are committed by an individual. This way, pooled together, small token holders can have a greater impact than large individual holders. Additionally, to prevent large token holders from using multiple accounts to increase their overall weight, we add a reputation and identity score using different solutions such as Keybase, Civic, Uport and full KYC to increase the weight of ones vote.
This model gives a greater voice to smaller token holders and brings balance to the ecosystem while 1 vote per token greatly advantages the rich. This would not be viable in a network looking to democratize financial inclusion.
Thank you for the explanation. It's a complex idea so detailed explanations like this bring more clarity.