Experience the "Square Voting Method" by the author of "Radical Markets"! Voting for the Taiwan Presidential Hackathon ends tonight.

The book "Radical Markets" has been making waves in the blockchain and cryptocurrency community, with several prominent figures in the industry recommending it in recent months. Endorsed by individuals such as Hsu Ming-En, founder of Blockseer, Dr. Po Hsu from National Taiwan University, Joshua Ho, founder of LikeCoin, and Cao Yin, Managing Director of Digital Renaissance, the book has garnered significant attention. Cao Yin described the authors, E. Glen Weyl and Eric A. Posner, as taking mechanism design logic to the extreme, showcasing the breadth and depth of potential societal revolutions in the future. Building on the content of the book, E. Glen Weyl collaborated with Ethereum founder Vitalik Buterin to write an article titled "Liberation Through Radical Decentralization," which has also caught the eye of the crypto community.

E. Glen Weyl introduced a more expressive form of creative voting called "quadratic voting," which was utilized in the recent Taiwan Presidential Hackathon to allow participants to choose their preferred teams.

What is Quadratic Voting?

According to the voting rules of this Presidential Hackathon, each person is given 99 points. To vote once for the same proposal, 1 point is required; 2 votes require 4 points, 3 votes require 9 points, and so on. In other words, the points needed to vote for a proposal increase quadratically for each additional vote.

According to Hsu Ming-en, founder of Blocktrend, he believes Quadratic Voting is a form of "unequal but fair voting."

He illustrates, "For example, in a local election in Taiwan where everyone has 9 points, I can choose to vote once for each of the nine candidates, or I can vote three times consecutively for the candidate I am most familiar with. Both options will use up all my points, but the actual number of votes I cast is different. Therefore, everyone needs to consider how to 'allocate votes'."

As described by Vitalik, when people have points (similar to a token) and use them to purchase votes at different costs, it better reflects the importance they place on the issues.

What Does Voting Look Like?

After quickly registering and logging into the Presidential Hackathon website, you can immediately vote for the projects that interest you. For example, voting 5 times for #255 National Resource Bank will consume 25 points, as 5 squared is 25. This leaves you with 74 points out of 99.

This voting activity will end at 10 a.m. on the 13th. For those who haven't tried it yet, you can give it a go. For a quick overview of blockchain-related projects, you can check out the article: "Vote Away! 13 Blockchain Projects from the Presidential Hackathon."