11.55M votes concentrated in one hand basically reduces proposals to a game of convincing ChaosDAO
This is autocratic and vulnerable to corruptions
What can make us certain they don't negotiate privately and pass the proposals that secretly provide them with financial benefits?
Here are some DOT price figures Year To Date:
DOT/BTC: -69.88%
DOT/ETH: -55.05%
DOT/SOL: -70.23%
Obviously we MUST start doing things differently&nbsp;
In #1286 we've proposed a different approach to get Polkadot on track to have a real life utility to move it beyond speculative trading &mdash; I believe this is the way to end the price carnage, exponentially increase the demand for DOT, and make this coin a household item
But ChaosDAO saw us as outsiders that they lack any perhaps questionable "connections" to and slashed the proposal without even giving any thought to the idea
Dear Polkadot community, this needs to stop NOW so that Polkadot can have a bright future
We are here and ready to make everything with 100% transparency and work around the clock to get the job done

ChaosDAO holding way too much voting power and it's crippling the system

- Problem Statement: Concentration of 11.55M votes in one hand leads to autocratic decision-making in ChaosDAO, raising concerns of private negotiations for financial gains.
- Significance: Urgent need to address the autocratic voting system in ChaosDAO to prevent corruption and ensure transparency in decision-making.
- Proposed Solution: Implement a different approach to enhance Polkadot's real-life utility beyond speculative trading, aiming to boost demand for DOT and establish it as a mainstream asset.
- Expected Outcomes: End price volatility, increase DOT demand, and elevate Polkadot's status, fostering a bright future for the community.

#2562 ChaosDAO holding way too much voting power and it's crippling the system

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