with 1 voting acc at 4Nxt to participate we have the following:
1 acc (1Nxt) = 1 vote = 3Nxt to create + 1Nxt to vote = 1 voice 3Nxt + 1 vote = 4Nnxt
1 acc (5Nxt) = 1 vote = 3Nxt to create + 1nxt to vote = 1 voice 3Nxt + 1 vote = 4Nnxt
1 acc(5milNxt) = 1 vote = 3Nxt to create + 1Nxt to vote = 1 voice 3Nxt + 1 vote = 4Nnxt
Still we can't be sure that everyone will behave. What we can do from here is to
make it more expensive and less cost effective for an account with a large balance
trying to create voting puppets to rig the vote.
If 1acc(5mil) creates 5acc(1mil) to try to rig the vote, his vote would cost him
5acc (1milNxt) = 5 votes = 20Nxt to create + 5Nxt to vote = 1 voice 25Nxt
if 1acc(5milNxt) creates 10.000 vote puppets, let him go bankrupt and pay the fees.
Let the nodes collect the fees
This is my idea. NXT is bringing a whole new message to our society and we should
try to emphasize on making it more transparent. Giving voting power to a large wallet
will be a fatal blow to the foundations of NXT, as it is completely anti-social.
Sorry for the wall of text, but voting is a serious issue.
-Fo-
Does anyone else think this is an excellent suggestion? Why can't we adopt this approach to the voting system?