You are viewing a single comment's thread from:
RE: Encrypted Memos Are Unreadable!
removing the rep given to them by bidbots
How do you identify the bidbots?
Once you do, how do you stop them from spoofing their identity now that you've made it valuable to do so? That's quite the uphill battle.
I think the true solution will be a superior reputation system altogether.
Well, I also agree on the superior reputation system, but the problem is getting the main witnesses on board with that, we all know that there is a witness-whale agenda in some of the top witnesses that prevents them from doing that, they are making thousands if not millions a year just having bidbots businesses, whale-witness upvoting hidden agendas, etc...
How would you do it knowing that a hidden agenda is in place and that you have next to 0 power in the current system? We would have to fight with the SP from all accounts, but how would you do that knowing that most people on this blockchain don't care about who is in charge and just like to complain and cash out their rewards at the end of the month?
You create permissionless apps that don't require witness approval. If the community that you build becomes stronger than the current establishment you can threaten a fork or straight up hostile takeover with enough stake.
Ok, I think I'll require an ELI5 for that whole permissionless app concept... but from what I'm getting is that you want a consensus of enough stake in order to overturn the current system that is in place? Maybe a community like the dolphincouncil?
The vast majority of projects on the blockchain do not require permission.
I could monetize resteems without embedding the logic into the core consensus algorithm.
Look at projects like @busy, @steempeak, @parkito, @steemworld, @steemmonsters, @drugwars.
None of these projects needed permission to get built.
steem-problems-can-t-be-fixed-with-hard-forks
The vast majority of the time a hardfork is not necessary to bring value to the blockchain.