I am a bit confused about the role of Quadratic Voting (QV) in the democracy earth platform
The way DEF seems to usually speak about QV involves the number of votes you can delegate to another person (it has to a number that comes from 2^x, so 1, 2, 4, 8, 16, 32, 64, 128 etc)
In every other instance that I have read about QV, it has to do with balancing the "tyranny by majority" effects of 1-person-1-vote and creating a mechanism by which passionate minority groups can use more than one of their votes on any one particular issue, but at progressively greater cost with each vote (for example, 1 counted vote would cost 1 vote, 2 counted votes would cost 4 votes, 3 counted votes would cost 9 votes and so on). This is the meaning employed by Vitalik Buterin and Glen Weyl in his book Radical Markets
This seems especially important if votes are able to be purchased on the open market, because it allows a dedicated minority to make themselves heard (a group of 1000 dedicated people could fairly easily amplify their voting influence by a factor of 10 if they were willing to sacrifice votes on other issues) , but does not allow tyranny by majority (a single rich person buying 1,000,000 votes on the open market could be counterbalanced by 1000 individual people casting only one vote each on a particular issue)
If DEF wants to stick with their version, I think it might be wise to change the name to something else so as not to cause confusion
I am a bit confused about the role of Quadratic Voting (QV) in the democracy earth platform
The way DEF seems to usually speak about QV involves the number of votes you can delegate to another person (it has to a number that comes from 2^x, so 1, 2, 4, 8, 16, 32, 64, 128 etc)
In every other instance that I have read about QV, it has to do with balancing the "tyranny by majority" effects of 1-person-1-vote and creating a mechanism by which passionate minority groups can use more than one of their votes on any one particular issue, but at progressively greater cost with each vote (for example, 1 counted vote would cost 1 vote, 2 counted votes would cost 4 votes, 3 counted votes would cost 9 votes and so on). This is the meaning employed by Vitalik Buterin and Glen Weyl in his book Radical Markets
This seems especially important if votes are able to be purchased on the open market, because it allows a dedicated minority to make themselves heard (a group of 1000 dedicated people could fairly easily amplify their voting influence by a factor of 10 if they were willing to sacrifice votes on other issues) , but does not allow tyranny by majority (a single rich person buying 1,000,000 votes on the open market could be counterbalanced by 1000 individual people casting only one vote each on a particular issue)
If DEF wants to stick with their version, I think it might be wise to change the name to something else so as not to cause confusion