Hello Humanode community!

While everyone is making fun of Polkadot spending 30M+ on marketing, we at Humanode came up with suggestions to fix token-based governance that leads to financial decisions posing risk to a decentralised organisation managing treasury.

Disclosure: Humanode is not a Parachain, but we extensively use Polkadot SDK to build our own L1.

What's happening now with Polkadot can happen to any chain with PoS and decentralized governance when token = vote.

Large amounts of tokens are concentrated in the hands of few, and it will always be so since money is not decentralized.

What makes things even worse? Only few are actively participating in onchain voting. This led to crazy inefficiencies of spending the treasury budget.

And here is what Polkadot can do now using cryptobiometric tech:

If each validator does not only have stake, but also cryptobiometrically verifies as a unique human behind the node, tens of millions could be saved by:

1) Creating a one node - one vote veto mechanism;
2) Splitting governance 50/50, where 50% is based on one token - one vote and 50% on one human = one node - one vote;

What do you suggest? Tell us in the replies: https://x.com/humanode_io/status/1808816752849268874

Also learn how we build one human = one node invariant here https://github.com/humanode-network/