Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
2X84
on 31/12/2013, 06:44:13 UTC
SIMPLE IDEA:


1) Implement voting as we DO NEED A FUNCTIONAL ASSET EXCHANGE ASAP!


2) For Freezing accounts we need MINIMUM THRESHOLD OF 75% VOTES -- 750  Million Nxt....if we get 749,000,000 ...no freeze.


3) To destroy we need MINIMUM THRESHOLD OF 90% VOTES -- 900 Million Nxt



51% can be use for normal votes...routine business Exchange stuff....but the 2 exceptions above should be set in stone.



i agree this. even more.

We need to differentiate between active accounts/nxt and passive accounts/nxt to correctly implement a voting system.

For example, if there are 4M total accounts holding NXT (Distributed in parabolic decline from 1-4M respectively, with account 1 holding 1 NXT and account 4M holding 2M NXT) if accounts 1-3.99M vote to do X and accounts 3.991-4M to not do X (default vote), X will not get approved.

However, if account 4M has been inactive for 1 year, or a fluid amount of time commensurate with the duration of NXT's lifespan, it should get approved if account 4M has not even had the chance to vote...

Voting is a great idea, as backed by Plato and Socrates, but if a system were to be implemented it needs to be dynamic, not static.