You are viewing a single comment's thread from:

RE: The Goverment Is A Reputation System On Steroids

in #anarchy8 years ago

This is actually one of the best comments I have come across on the issue. Indeedthe blockchain is seen as a godsent from the governments. Many people forget that the blockchain is forever. Governments will implement the blockchain system in everything around us and even expand on those chains with other networks.

Much like the discovery of the knife or the atom the consequences can go both way...both for good and bad.

I am not very familiar with DASH. what about it?

Sort:  

The way Dash is going about their governance, their version of democracy, is by letting investors with a certain amount of unspent funds to vote on the development path. They divide the block reward 45% to the miners, 45% to the masternode owners (the investors I mentioned before), and 10% to development which is distrubuted based on how the node owners vote, the people who have invested most.

In a way it is a reputation system, the amount of resources invested in the technology is used to meassure who could have the technology advancement as their priority because they stand more to lose. The more nodes you own, the more money you've spent, the more interest you have and the more vote you have on development.

I don't know how a node owner reputation, the reputation of their character, could be affected by seeing what they have voted for in the past. But their vote can't be taken so long as they keep the node up, or at least that's the idea.

In Steemit I don't know that your vote can be taken, but your ability to propose a vote can. All that's needed is robots to downvote your posts making them harder to find. In state ran operations, your vote/voice can be taken by putting you in jail. Even societal reputations systems can be messed up, all somebody has to do is start spreading rumors about something related to erratic sexual behavior or stealing and you are pretty much done.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.028
BTC 55981.35
ETH 2368.76
USDT 1.00
SBD 2.35