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RE: Reputational Enhanced Delegated Proof-of-Stake (REDPOS)

in #blockchain4 years ago (edited)

Voting Power * Reputation --> witness rank

I have been considering something like this even before @justinsunsteemit took over.

But not just for the witnesses but for everything in involving steem power. Notably upvotes and downvotes.

That would make most bots more difficult at a bot would need to build up reputation.

Mind you, better than merely multiplying would be a convergent reward curve like 1-e⁻ˣ where the reputation sets the upper limit on influence.

to late now.

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I guess once what constitutes a "REDPOS" protocol is defined, then comes a specific implementation of such a protocol.

For a specific implementation you also would have to take into account not to brake the economics of that blockchain. If you in any way change how the Steem Power works in regards to rewards, you are actually defining money power as variating according to the holder (of that money power). It would be some sort of "tax" policy, but not a flat tax.

I think a competing blockchain offering "lower taxes" would prevail comparing to one with "higher taxes".

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