This voting math is implemented and 2 people just bought 10.000.000 NXT each.
One of them is keeping all NXT in his one account. Voting power: 100
The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641
Basically he payed 100 NXT fees, to increase his voting power by 4741%
Does that really sound fair? I think not.
One of them is keeping all NXT in his one account. Voting power: 100
The other on makes 100 accounts with 100.000 NXT each. Voting Power: 4641
Basically he payed 100 NXT fees, to increase his voting power by 4741%
Does that really sound fair? I think not.
I will try to find a way around this
. I just wanted start the process of developing a mathematical formula for voting.I'm going to continue to move things around and will post updates for input.
+1 we just have to accept that wealthier individuals are going to have more voting power. dont try to fight it. that issue doesnt need to be taken into consideration by the person making the voting system. it needs to be taken in to consideration by the person creating the ballots.
As someone with millions of NXT, I disagree. I think mathematical equations hold the answer to equality.
As previously stated, if you try to put limits on how much stake someone can use to vote than a whale will simply break his stake up into multiple accounts. If you try to say that you get 1 vote per account than fraudsters will make a zillion accounts with one nxt each. I think your judgment may be clouded by what you would like to be the case.