Why Doesn't 70% of SPS Not Vote In Proposals?
In this video, I respond to a comment on my YouTube channel regarding why a majority of SPS staked - about 70% - does not participate in any of the proposal votes. One aspect may be that there is a lot of dead SPS out there, meaning SPS on accounts that are no longer active. While I don't think that makes up the full amount not participating, it would help explain a large portion. Another might just be general apathy, and there is of course the possibility that many don't even know or follow the proposals. Either way, I'd like to see that number improve as we move forward with the project.
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