Entering Voltaire: poll experiment live on mainnet

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Without providing an option for a minimum variable fee, and offering to extend the protocol to support that new parameter, this vote doesn’t cover all the available options and might as well not be taken at all.

A manual vote review including the metadata (see @ChrisSTR8 posting here) will reveal a candidacy for slashing the minimum fixed fee & replacing it with a scaled minimum variable fee as outlined below.

For the sake of sincerity, I hope poll takers are inclined to recognise that the test was conceived with a bias against this historically valid option by not explaining and offering minVariableFee (as per CIP-0023) as one of the multiple choices.

A lot of SPOs have entered the market since February 2021 when this was first proposed and favourably received, so therefore don’t know about it. For transparency they should have been told about this historical option before considering how to vote and the poll should have included it as an option.

This is great polling mechanism and I applaud the designers, but it’s improper to base a community “mandate” upon it if the answers are biased according to the only answers that the institution is interested in hearing, forcing the unwanted options down into the fragmented “None of the Above” category.

The phrasing of put in place from Q3 2023 onwards suggest that IOG will use the pool result as a mandate to provide a simple parameter change to conclude the debate on the subject: which would be a shame without having polled all the options.

One way to avoid this conclusion is to eventually re-do the poll, with this pair of options added symmetrically with the others (suggesting 5%, as others have, to have it scale roughly up to 340 ada for a mid-saturated pool):

  • Option X. Keep k at 500 and replace minPoolCost with a minVariableFee of 5%.
  • Option Y. Increase k to 1000 and replace minPoolCost with a minVariableFee of 5%.

See:

cc @adatainment @Nicolas @werkof @ktorz
cc @Frederik_Gregaard in appreciation of his comment here: Entering Voltaire: on-chain poll for SPOs - #8 by Frederik_Gregaard

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