I personally hold the (very debatable) opinion that at this stage it is far more important to have discussion than to vote, at least for small fishes, and to see the discussion having some kind of measurable effect.
The MKR token is mostly held by whales. They are going to make the decisions. If not all the times, when it really matters.
~1000 Holders at ~10MKR
This would still be a small 1% of total supply, and at the moment I can’t even see 50 people, let alone 1000, which are active in the discussions around forum/reddit, etc.
So, again to my point. People want to (and should be incentivised to !) participate to Maker with ideas, enthusiasm, proposals, etc. But they don’t necessarily need to vote with their 7.3MKR to be useful. In fact they are vastly more useful, overall, just by discussing interesting ideas (as LongForWisdom does often) for the public.
What the foundation should do, rather than expecting people to take risks, pay fees, and use their 7.3 MKR to vote, is
- to promote transparency: people need to know what is actually open to discussion, what need ideas/discussion, and what does not. This requires honesty.
For example: now we have this fast governance schedule to do because MCD is close. The foundation wants mostly quickly approval of these key things to make progress. What they don’t need now is excessive discussion and/or excessive ambition in what the governance should/can do. Let’s be clear about that. Fake democracy leads to frustration.
answer often to questions/requests,
Now we will have a Rich Brown in the important role of “facilitator” di bridge the distance between the foundation and the community. Because there is quite some distance now! Let’s hope for some improvements.
The community (not whales) can do a significant “social” work off-chain in my opinion.
Sure, they can also vote, but a single drunk whale (there used to be a whale on the maker chat, claiming to be drunk all the time, and they proved to have a couple of millions in MKR at least) can outweight their small share of votes.
What a whale cannot outweight easily is:
discussion and visibility in the (off-chain) Maker community: take for example the activity done by LongForWisdom. It’s completely irrelevant if LFW has voted with 1, 10, or 1000 MKR. His activity has been more significant off-chain imho.
lead and educate others, ultimately influencing the vote more than what could be done with 7.3 MKR. To do this, active (and educated) members of the community need to be supported by the Foundation (assuming the foundation servers the purpose of "bootstrapping the system). Again, pushing the example given by LongForWisdom, all his significant time investment has been observed/read/appreciated only by the very few active members following this forum or the governance calls (<50 in total I’d say).
just my 0.02 DAI.