Using the example of the past while still enriching validators is such a poor example. If anyone mentions a year ago, than they should be talking about removing priority fees all together just like a year ago and not just shifting it to themselves than using a baseless excuse to do so. If prioroty fees didnt exist a year ago, they shouldnt exist for validators plain and simple. If a year ago is a year ago make it exaclty a year ago without changing monetary policy to benefit a small subgroup of the entire solana ecosystem.
The validator conflict of interest is astonishing, especially after validators literally voted themselves the only votes.
This is exactly why voting for one specific thing without addressing the big picture is very detrimental and allows a slippery slope of snowball effects like this exact proposal does.
As mentioned previously, there is absolutely nothing stopping validators from collusion to launch a dozen ore type scripts to shove blocks with worthless transactions to increase their rewards as there is literally no drawback or penalty to do so. 50% burn specifically prevents this and adds a cost to this kind of attack.
There is plenty information on priority fee markets and the game theory revolved around them and this proposal directly shows how validators are the bad actors in this scenario that are directly attacking against every solana users holdings.
Changing monetary policy should not be taken lightly in any sense. Especially such as one with such a high level of conflict of interest.
The abstain votes just goes to show no matter how bad the proposal is in all regards, people are going to try to play both sides which negatively impacts the ecosystem. They know the proposal is messed up but honestly who is going to talk bad within their own small niche community when directy affecting the revenue stream of their community.
The previous proposal that allowed only validators to vote was the worse thing to happen to solana for this exact reason. The level of corruption is just beginning with this proposal. Ironically there is still no proof or evidence or consequences of these side deals. So basically for anyone outside looking in this is entirely made up to give validators double revenue. Revenue they did not have a year ago.
The legality aspects of this proposal is being directly ignored as well which is very alarming. Some investors may even consider this a “bait and switch” since all solana value came shortly after priority burn fee was introduced.
I understand the greed and who wouldnt want to double their revenue? But in all honesty this proposal is severely lacking on all fronts and is strictly being pushed for financial gain by the same people it benefits, on top of the previous proposal that gave them all the power to vote. No proposals that have financial benefit for validators should be voted on by only validators. Especially proposals that have no evidence or data and probes absolutely nothing, just hearsay to push an agenda. This is a horrible precedence and makes solana look like nothing but a scam.