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smooth
@smooth
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2016-03-25 13:36
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smooth
steem
7y
RE: Our Plan for Onboarding the Masses
But that usually applies more in the case of the classical BFT protocols (PBFT and alike), doesn't it?. Doesn't Steem follow the classical 51% threshold we see in most PoS and PoW? I don't think there
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smooth
steem
7y
RE: Our Plan for Onboarding the Masses
Well, it is certainly complicated (I had another reply written but in fleshing out the different scenarios it got very complex and I gave up). And I'm not sure that an attacker electing a 'smaller' number
$ 0.000
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smooth
steem
7y
RE: Our Plan for Onboarding the Masses
Scorpion and frog. It isn't really the fault of greedy people for being greedy, it is the fault of a design which fails to function in the presence of greedy people.
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
Reducing the vote number doesn't really do this, because the total vote weight applying to the elected witnesses (i.e. #20 threshold) would certainly decline by a lot. It then becomes easier all else being
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
It is possible that EIP gets rejected due to some stakeholders looking after what they perceive to be their self-interest in milking rewards. I've definitely considered that. It is also possible that EIP
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
For example, an 8 million steem account splitting stake into 4 accounts now only gives them 2 million per account to vote with, a number that is much easier to match by other voters on other candidates
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
At 5 votes per, even if the largest 2 accounts split their stakes into 2-3 accounts, they wouldn't be able to solely control the entire 20 by themselves And if they split into 4 account instead of 3, then
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
dictated by 20 people rather 2 like we have now No 20 accounts, not people. The whole point is making the witness selections more democratic and decentralized than they are now, which is exactly what this
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
No, but it is possible that EIP could turn out similar in some ways (or not; we will see).
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
I very much question your assumptions about how a smaller number of votes would work. The total vote weight would fall dramatically and people with a lot of stake, despite fewer votes, would then still
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
If the plan is to remove all reward mechanism from the steem token so that it's similar to Etherium as a base token people have to purchase to build communities with their own POB functionality There is
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
Answered elsewhere in nested comment
smooth
steem
7y
RE: Our Plan for Onboarding the Masses
That is a bad idea. In fact the ideal number of witness votes should be unlimited and it only isn't because of an annoying exploit with backups (and it is indeed frustrating and perhaps worth reconsidering
smooth
committee
7y
RE: Announcing the Delegation Committee
It is very easy to avoid the conflict of interest issue by simply stepping aside in that particular decision when a direct conflict arises. Yes people have built things or are involved with things or they
smooth
committee
7y
RE: Announcing the Delegation Committee
what conflict of interst is there really Let's look it up in the dictionary: a situation in which a person is in a position to derive personal benefit from actions or decisions made in their official capacity
smooth
committee
7y
RE: Announcing the Delegation Committee
I think it is okay for anyone to be on the committee, and you don't generally want people who are uninvolved and uninformed, but they should step aside on any specific cases when their own application
smooth
committee
7y
RE: Announcing the Delegation Committee
That being said id wager that id have chance to get a response from less then 10% of the "oppinion makers" here on lets say discord Less than 10% still leaves a lot more than 3. It is a basic
smooth
committee
7y
!
Downvoted by users, Reveal content
RE: Announcing the Delegation Committee
I think anyone with an interest in a project (or any directly competing project) under consideration for delegation should step away from any decisions. This likely calls for a somewhat larger committee,
smooth
committee
7y
RE: Announcing the Delegation Committee
only top20 witness without a vote from @freedom Not even close to accurate
smooth
committee
7y
RE: Announcing the Delegation Committee
Even at current prices this is an asset worth many millions of dollars that is being managed. A budget is not unreasonable.
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