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The core developer of Bitcoin Shares (BTS) changed the voting rules without the consent of the community, causing controversy in the community

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Is the emergence of a centralized public chain a developer's problem or a community's indifference?

BlockBeats: On July 30, core developer Abit released a version 4.0 update that changes the voting rights of its users, according to the BitShares Forum. But according to the community, the voting rules were changed after the upgrade, but the council and community members were not aware of it before the upgrade, and Abit did not initiate the vote. This has led to complaints from many members that bitmex shares are too centralised, while some users think the new rules are too tough.

According to Rhythm, after the 4.0 upgrade, the main changes in voting rules are as follows:

1. Vote decay Mechanism

For newly registered accounts, the voting weight is zero. After active voting, the vote will be effective.

After each active update of the voting, the voting weight is updated to 100%, and the attenuation is 12.5% on day 360, and then the attenuation is 12.5% of the total weight every 45 days, and the voting is completely invalid on day 675.

2. For proxy voting, the weights of proxy and principal voting shall be superimposed according to [multiplier relationship].

3. One-vote, one-vote mechanism for council elections

4. Lock voting mechanism

There are several options for lock times: 180 days, 360 days, 720 days, and permanent, with voting weights varying according to lock times.

When the first "permanent lock status" lock position appears on the chain, the following voting rules take effect:

Permanent lock gain weight bonus, decay by a factor of 2 every 180 days, and expire after 720 days.

An account that does not hold a permanent lock-up position has a voting weight of zero.

Mortgage BTS and collateral BTS no longer have voting rights.

& have spent New voting rules published by Abit & NBSP;

Bitstock is a decentralized payment system. Unlike any other system running on the Internet, its servers are maintained by trustees scattered around the world, and even if some of them are attacked, it won't bring the entire system down. Bittorrent was created in 2013 by EOS founder Daniel Larimer, also known as BM, and two others. The project hit the headlines in 2014 and was valued at $26 million at one point. But then, due to financial constraints,BM chose to "issue" tokens, causing the price of bitcoins to plummet. In 2015,BM lost a board vote to officially leave bitcoins. Abit subsequently became the core developer of BitShares and Steem, developing and maintaining BitShares.

& have spent

The 4.0 upgrade, almost to a certain extent, has changed the current bittorrent operating mechanism. And according to community members, there was no vote before the upgrade. In a post on Abit announcing the new updates, many members of the community felt that the new rules were too individualistic and that it would be unacceptable not to ask the community for their opinions. And the lockup is too aggressive, not friendly to holders of money. However, some people said that some developers were glad that they were thinking about the development of the public chain. At the same time, some members asked why no one in the community noticed the development of the public chain before the completion of the upgrade, and whether they were too indifferent to the development of the public chain.

Regardless of the outcome, it's a little worrisome that a core developer should be able to determine the direction of a common chain.