Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
Bitventurer
on 26/01/2014, 16:52:20 UTC
+ 1 NXT        ==   x Vote  { x = Func(accountBalance) =  polynom * accountBalance}

+ 1 Account  ==  1 Vote   { vote = Func(accountBalance) =  0.5 * accountBalance}

These won't work. They are easily defeated by splitting your wealth over several accounts.

I'm in favor of one vote per NXT.  That maximizes the value of each NXT rather than the value of having multiple accounts, or paying people to scam the system for you in some other way.

Any time you try to decentralized system that makes it difficult to game the system, you restrict the people who game the system to people who are willing to go against the implied moral contract of the platform (that you'll play by the rules).   In that way, I suggest it is better to allow everybody to "cheat" so that "cheating" is performed by good actors AND bad actors instead of just by actors willing to be bad.

NXT has a major concentration of wealth right now, but that's changing pretty quickly and if it gets popular I've got to imagine the temptation to sell part of their stakes will be too great for most.

It's really interesting watching this community - you guys are the only "headless" metalayer, lacking a founder or team and yet delivering with real working software.   

Keep up the good work Smiley

thanks man! your always welcomed in our thread!