@tomjoad proposed eliminating the minting block reward as a simple method of addressing apathetic voting (which is not configuring your vote either manually or by data feed). @Nagalim has proposed frequency voting to address apathetic voting. First, please take a look at what Tom is proposing and why:
There isn’t any doubt that eliminating the minting block reward of 40 NSR would dramatically reduce apathetic voting. The difficulty is that it would have other unintended effects. It would reduce the number of nodes in the network and reduce the minting difficulty. Minting and running a node is not just for voting, it is for verification and broadcasting of transactions. It is undesirable to reduce the mint reward from the perspective of attempting to encourage the decentralisation that comes with more nodes participating in the network.
Eliminating the mint reward would have a variety of complex results, some of which are negative. It would entail more risk than is necessary. The risk of this sort of change could be mitigated by merely reducing the mint reward by half to 20 NSR per block. The results of the change could be observed and an additional reduction could take place later if shareholders felt it would bring overall improvement based on the results of the first reduction.
If reducing the mint reward by half were released with other protocol changes, it would cost almost nothing to develop, test and deploy.
Because only minters can vote, and this change goes against the immediate financial interests of all minters, this may prevent passage of this motion. However, there is a real chance minters will also perceive the reduced threat of apathetic voting as more important and vote to reduce their minting compensation.
Begin draft motion
The per block mint reward shall be reduced from 40 NSR to 20 NSR per block. This shall be implemented as part of the next protocol change (Nu client version 3.0). Version 3.0 will not be released solely to implement this mint reward. Instead, when other protocol changes are developed and are ready for deployment, this change will be deployed with them. This way, the cost of the change will be almost nothing.
End draft motion
This would bring NSR dilution from the mint reward down from 2.4% per year to 1.2% per year.
What does everyone think the advantages and disadvantages of this change would be? Particularly, how effective would it be at reducing apathetic voting? How much does it reduce the need for frequency voting?