Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
coolfish
on 31/12/2013, 09:06:12 UTC

I have a fear, I guess not everyone will login account and vote. Proportion to the vote may be low

This is inevitable and is ok.

What should really be feared is building a system similar to current debt overladen western democracies, with corrupt politicians racing to promise more to whoever votes for them. As a result, there are families living on doles from generation to generation and not even planning to go to work. But there is no free cheese. Those 'free' goodies are financed by tax payers, borrowed from future generations. And this system is on the road to ruin and speeding down that slope. NXT wants to be built the same way? I doubt it. It will not survive if built the same way. Populist democracies have a short lifespan.

'1 NXT = 1 vote' is the only approach ensuring long-term stability of the system.

I agree with these theories, but we need to test the practical application.