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Top validator selection problem
In order for the new governance module to determine who should be able to vote and which votes should be counted, subtensor needs to find the validators that are top 16, but top of what? We need to somewhat agree how this part of subtensor is supposed to work, so lets talk about it.
Root stake
The problem is that we are trying to push people to stake their tao in the subnets, so if this works as well as we want it to, eventually all tao will be locked in liquidity pools and the root stake of validators will not be a very good measure at that point… So it looks like this proposal is doomed, especially if TaoWeight will not need to be as high as .18 after introduction of shorts.
Alpha stake * price
Someone said they calculated it and it turned out that sn64 owner and maybe a couple of others, due to the high price of the coin and a dominant position of the subnet owner as the validator, will lead to them taking all the power over that part of governance.
Other solutions
Surely there are plenty of ways this can be implemented, so lets discuss - what won’t work and why? What might work?