Lowering Quorum to 20k Virtue

The current voting system requires a quorum of 40k Virtue for a vote to pass. This proposal aims to address the challenges and inefficiencies posed by the current quorum requirement, advocating for its reduction to 20k Virtue for future proposals.

The proposed change is to be decided through a negative voting process, meaning if this proposal reaches the quorum of 40k Virtue on this vote, we don’t change anything; otherwise, the quorum is lowered to 20k Virtue and a minimum of 10 unique voters is required for a proposal to be accepted.

Rationale for Change:

• High Voting Participation Yet Failed Proposals: Historical data shows instances where proposals with significant voter participation failed to meet the high quorum threshold. This scenario often occurs because many participants hold a small amount of Virtue, insufficient to meet the 40k requirement.

• Low Voting Participation Yet Passed Proposals: There have been cases where proposals passed not due to broad consensus but due to the involvement of a few 'whale' voters holding large amounts of Virtue. This skews the democratic process and does not accurately reflect the will of the majority.

• Efficient Decision-Making: A lower quorum requirement would lead to quicker decision-making. This efficiency is crucial for the timely implementation of policies and strategies that require prompt action.

• Inclusivity in Decision-Making: Lowering the quorum to 20k Virtue would mean that decisions can be made with a broader and more inclusive range of participant inputs, ensuring that a larger portion of our community is represented.

Note:

If a vote reaches quorum, but the minimum number of voters is not reached or is faked through dispersing Virtue tokens to multiple addresses, the proposal will not be accepted. Multisig signers retain the discretionary authority to abstain from executing transactions that, in their reasonable judgment, could be construed as detrimental to the overarching welfare and progress of the project.

Voting Option:

• Against