Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
avandrim
on 26/12/2017, 17:19:38 UTC
Hi there Tony,
I was curious about byteball recently and looked up what you did there. I wonder why you think it is better to give witness spots to democratically elected candidates instead of giving them to the biggest wallets. I can understand that in case of collusion big wallets lose everything and on the other hand elected politics can win a lot of money and lose only trust but they can always explain their action blaming hack for example. It is counterintuitive to me and I really do not understand it. It would be a really nice incentive to hold byteball too. Imagine 12 top wallets earning bytes, accumating more and more to be a witness.

wallet size is just one of many criteria, let users decide.  And users would reasonably select those who have something to lose both within byteball and outside it.

I don't see how witnesses can win by misbehaving.