You are viewing a single comment's thread from:

RE: Delegated Proof of Stake

I really like the Delegated Proof of Stake structure and feel it gives the opportunity to mirror what a real democratic society should operate as. I think this is why Dan is using the same structure with EOS. It in essence helps protect against manipulation and corruption by spreading the responsibility out across enough hands while also allowing members to cast individual votes for their witnesses or to simply assign a proxy. I feel this model is vastly superior to some other models other coins have instituted and as times passes I see more coins adopting a similar principle.

Sort:  

This is a really great comment.

Sorry i missed responding - i had gotten myself so busy with the upvoting exchange.

I feel this model is vastly superior to some other models other coins have instituded and as time passes i see more coins adopting a similar principle.

Spot On Brother!

I noticed with ethereum for instance that starting point incentive was focused on 'punishing bad behavior' where the incentive with steem, bitshares, eos is very much the opposite of that...rewarding, incentivizing the good behavior. Obviously the technical details can get quite techy into the specifics...but at the gist of it all - it really showcased to me the importance of "Starting point principle" and with the right starting point...reallly accommodate best support.

It's interesting because in a lot of instances it's just a small shift in thinking and it makes all the difference sometimes.

That such a good point on the incentivizing. Human nature is both angelic and beast. The side that gets fed the most strives. If you starve the beast, while feeding the Angelic , it weakens and the Angelica gets stronger. Though both are always present in our very nature.
As long as there are examples of good being profitable not just for goods sake but for success. More people will choose it. :)

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 76262.49
ETH 2949.42
USDT 1.00
SBD 2.63