cardano-foundation / CIPs

Cardano Improvement Proposals (CIPs)
https://cips.cardano.org/
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CIP-1694 | Lost ADAs and Maintaining Voting Integrity #480

Closed SFzip closed 1 year ago

SFzip commented 1 year ago

Explore a strategy for incorporating inaccessible ADAs resulting from the demise of the holder. If substantial quantities are irretrievable, it could influence the potential voting percentage in comparison to the existing circulating supply.

rphair commented 1 year ago

This question presumes the ada owned by a non-voting stake account will somehow influence the vote distribution. I don't see how that's possible because voting registration will be voluntary... the only question so far seems to be whether or not voting will somehow be compulsory. In any case, voting processes won't be influenced by the "dead" staking accounts since they won't be registered.

Also, as I recall, any percentage of voting share needing to pass for certain special actions to be taken is a percentage of registered voting share rather than the total Ada capital as you may be thinking. Any realistic view of voter registration in fact presumes that only a fraction of Ada holders will register to vote even under ideal circumstances.

You can accept this as an answer or post your reservation here: https://github.com/cardano-foundation/CIPs/pull/380 ... if substantially different then it will inform both of us. I'll also see your question if it's posted there and will follow any ensuing discussion. Therefore closing this because any discussion of this issue (if not trivially answered) should continue there, not here.

Ryun1 commented 1 year ago

I agree with @rphair. I think this query/issue should be posted in #380.