Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [R3D] NEW UPDATES COMING SOON
by
sidhujag
on 19/09/2015, 22:59:09 UTC
It may seems stupid but I don't care : what's is DPoS ?

asking questions like that is never stupid Tongue

dpos stands for delegated proof of stake... its a modified proof of stake where the people who 'stake' are 'elected' or 'chosen' in some fashion

think of it like paid officials that are elected in... and then think about why it doesnt work in practice (as is proven now) also read my last post Tongue

You haven't refuted anything that a thousand other people haven't thought about, instead you should get clarification on your misconceptions by posting in a relevant section.. If the Devs dont respond maybe you have something there but until that think of it as thoughts that float around that no one cares for.

You may be right that it essentially leads to the same paradox, but it is still a mile better than pow centralized mining pools. In the next version you can essentially have dynamic number of delegates above 101 if the market demands for it.

Anyways if it does achieve global ledger status then I'd see esch country represented as a delegate and voted in or out via shareholders of bts. If you wish to buy votes go ahead, it will cost you commensurate the amount of voting power you wish to acquire, and they will probably learn that it is simply not an efficient method of retaining/achieving power. Today coercion leads to votes aswell as persuasion and some buying votes from people, however it becomes a smaller problem on a token based system incentivized to be following generally acceptable policies for society in general.

Again it's like someone trying to mount a 51% attack by buying all the coins on a pos system and which we understand is never going to happen on a relevant scale. By the time that the powers to be understand it to be a problem buying 51% of the voting power will not be economically feasible.