You are viewing a single comment's thread from:

RE: How Vote Incentivization Monopolizes Delegated Proof of Stake

in #dpos5 years ago

since a secret ballot is hard if not impossible to implement on a blockchain (as you would need a verifiable election without being able to in any way reveal, prove, or discover who voted for whom)

Setup user verification (Ginabot reg sytle I.E)

Call for elections off chain using a system allowing 1 verified user 1 vote
setup a system where the user can vote, his vote is tallyed not linked to the user, consume the user in the general register.

Done...

I can setup that with a discord bot in a matter of minutes and post a json with the election results.

Then you need an account with a shitload of stake to cast witnesses votes according to the election results...

Wait most users dont know what a witness is....

Most users will choose witnesses "Building communities" and raping the reward pools with populist reports about how great they are by giving away the rewards pool by voting cents in users posts while taking 100's in their reports.

UHmm... we can fix technological systems, but we cannot fix stupid, and the sheep will always sell their soul to whoever lies best to them...

Companies are not goverments and the moment money gets in the hands of those acting and thinking like goverments the wealth distribution becomes half for me, the rest half/total-population

but a secret ballot is the easier of problems to be solved, off chain of courso or with a bridge app or whatever you want to call it

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 61726.60
ETH 3041.60
USDT 1.00
SBD 3.86