I voted 
on this proposal, and I want to explain why.
Snapshot attention is a rare resource. My opinion is that we turn snapshot voting into a grand event, which can only be done when snapshot votes are scarce (once a quarter). This is the intention of the Seasonal Projects. Right now, snapshot #4 is sitting at just ~11-12% while previous voting records were 20+ %.
My point is, I’m terrified of that number going down. And if we start using Snapshot just to signal the direction we want to go in, we will assuredly lose that voting attention.
The point of this proposal is exactly that. To signal the direction of the DAO. Not to execute on a thoroughly scoped project. So when I read,
87% of respondents agreed that the DAO should utilize a percentage of the DAO’s revenues to bolster the value of $BANK.
To me, this means you have enough signal to move to the next step and start:
- Researching how other DAO’s utilize their revenues to bolster the value of their governance tokens
- Developing a technical specification for the strategy implementation
Naturally, the question is, well how do I make sure this isn’t a waste of my time!
- If you’ve gone about the process correctly, you will have gathered a strong base of support that is representative of all voters. It’ll cross paths with scores if not hundreds just within the Discord and Forum.
- Something like this is a good example of what a Grants Committee may fund, or even a Guild. For example, this is a research heavy topic. The Research Guild may fund you for 10,000 BANK to do the research and scope the project.
In sum: I am in support of further research and due diligence on this topic. However, Snapshot votes for signalling will dilute the attention BANK holders will pay to Snapshot. Instead, we should use mechanisms from the S1 Roadmap Proposal to start executing on this research.