Important update
The original post has been updated after intense discussion among core contributors.
The quorum requirement based on totalSupply was lowered to 2.5% instead of 3%. With this change, the quorum settles at 277K SSV.
Lowering the quorum by 0.5% reduces the need for intense voting campaigns while still requiring major participation. Overall, this should reduce the operational overhead while protecting us from spam votes and most whale attacks since, at the current market price of SSV ($17.5), an attacker would need around ~$5M in SSV. While this is not impossible, it would require to put substantial economic value at stake.
Please express your opinions and concerns.