Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
mr_random
on 20/01/2014, 20:15:18 UTC
+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.

Why so pessimistic? What if we add some sort of captcha that will make sure one person can't vote a ridiculous number of times?

With growing user base it will make less and less sense to try and rig just few more votes.

It's no different than bitcoin where someone who has a ton of mining power has more of a vote.

Besides, from a logical point of view a person who owns a lot of NXT deserves to have "more of a say" in any voting mechanism since the outcome will affect his holding more than someone who owns 100NXT. People seem to forget that. But it's understandable since intuitively it might seem undemocratic.