UPDATE: Ok, apparently the idea as presented is a nonstarter but can we use this thread to discuss ideas for decentralizing voting power?
The below idea is in the interest of maximizing decentralization organically.
I’d like to put forward the idea of recalculating staking rewards to be based on some weighted proportion by validator size (smallest relative to largest active validators). The smaller the validator the larger the reward and vice versa. Obviously staking rewards would not be directly proportional to validator size, but weighted enough to add an incentive to backing smaller validators; this weighting is also up for discussion. The total staking rewards would not change. Since I’m no expert and just throwing out the idea I’d like to put forward the following questions:
Technical: Is this technically feasible? What technical challenges would a change like this present?
General Reception: How do average users feel about this idea? How do validators feel about this idea?
Implications: What consequences or implications come from a change like this? Negative impacts? Are there other benefits?