One of the great aspects of Tezos is its on-chain governance feature that allows bakers to submit proposals, which can be voted on by other bakers after a three-month amendment period.
The recent Babylon vote has shown that we have been in the minority of bakers who rejected the proposal. Our main reason for rejection was that some of the proposed features of Babylon, especially “Quorum Caps”
, were only based on assumptions, which may or may not hold true. Our stance is, however, that changing the protocol must be based on hard evidence and long-term observations, not on assumptions. Had “Quorum Caps” not been bundled into Babylon, we would have accepted the proposal.
Before voting, we will thoroughly evaluate each proposal and will only vote in favor of those whose rationales are based on evidence and/or long-term observations. Evidence does not necessarily need to come from the Tezos ecosystem, but can also be derived from other well established crypto assets. We are in this space for the long-term and thus prefer a slow, but solid development of Tezos when this ensures a stable and secure chain, in which everyone can trust for the years to come.
If you are in for short-term gains, we are likely not the right baker for you, as you may dislike our voting decisions!