The community has been actively discussing Firo’s economics, particularly its block reward division and emission model.
After seeking community feedback and preliminary polls since June, we are now approaching the penultimate poll to definitively decide Firo’s future.
The two primary issues being voted on are:
- What should Firo’s block reward division be?
- What should Firo’s emissions be?
These polls touch on important issues, such as whether there should be a development and/or community fund, the sustainability of masternodes and the role of miners. It also looks into the long-term sustainability of Firo as to whether it should adopt a tail emission or stick closer to the original Bitcoin model.
Instead of a single-choice vote, the poll allows community members to rank their options, resulting in a fairer reflection of sentiment. This is also known as ranked-choice voting and is suitable where there are many options to choose from.
You can view the previous discussions and polls here to help guide your decision!
How to Vote!
Anyone who has been in the Firo community for some time is eligible to vote in this poll.
Step 1: Register an account at forum.firo.org
Step 2: Earn at least Trust Level 1 by spending time on the forums. Alternatively, if you have been with the Firo community for a while in other places, you can post in this thread to request for an admin to upgrade you immediately.
Step 3 Head to the final poll thread. Note there are two polls to vote on so please don’t forget to vote on both of them!
Step 4: Rank the options you like with rank 1 being your most preferred option. For options you don’t like, you can choose to not rank them by picking ‘abstain’.
Step 5: You can post in the thread to explain why you picked a vote!
Do note that in the future, we intend to impose higher requirements in future polls or even require a minimum Firo holding requirement to prove skin in the game without disenfranchising smaller holders.
Do your Part!
Getting involved in Firo’s polls is an important step in decentralized governance. It ensures that your voice is heard, and every vote counts! The poll closes on the 1 September 2024!