Ninjastic
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Re: GAW / Josh Garza discussion. Paycoin XPY CoinStand Mineral. ALWAYS MAKE MONEY :)
by
TheMage
on 26/04/2015, 21:41:04 UTC
Quote from: miaviator on April 26, 2015, 09:38:05 PM
Quote from: TheMage on April 26, 2015, 09:23:40 PM
Quote from: suchmoon on April 26, 2015, 09:18:07 PM
Quote from: TheMage on April 26, 2015, 09:12:00 PM
Side note to anyone here, what the heck kind of a vote does a PC give exactly? I keep seeing this "one vote", but what is it a vote of?

Here is the agreement they voted on (the one that sets the stake rate to 100%):

http://paycoinfoundation.org/docs/PCAgreement_signed.pdf


So its almost a "legally binding" vote outside of blockchain matters? I'm curious more than anything else.

TheMage, voting is listed out in the whitepaper as a technical feature.  Since voting was never actually built (along with 99.9% of the other features) it is currently performed manually via agreements like that one.   So any owner can call for a vote at any time and a majority vote of prime nodes carries the decision as that is scoped in the whitepaper.   Since Phil Vadala and Josh/GAW are fighting silently over the 15 Prime Nodes not owned outside of GAW it is unknown who actually gets those votes.

Interesting voting out Primes by Orions is also in the WhitePaper as well as voting out bad actors...


Great thank you for the explanation, makes sense Smiley.