Re: NXT :: descendant of Bitcoin - Updated Information

Quote from: Anon136 on January 26, 2014, 07:26:08 PM

Quote from: Passion_ltc on January 26, 2014, 07:25:48 PM

The more NXT someone has, the more right he has to decide. It's natural. Someone with 50% ownership on a company has a 50% right to decide something..

It's so easy. So why do you fighting over this so much?

Agreed.

Quote from: Komputor on January 26, 2014, 07:05:45 PM

Quote from: okaynow on January 26, 2014, 04:57:51 PM

with 1 voting acc at 4Nxt to participate we have the following:

Code:

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.

Quote

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?

This won't work. The large holder only has to do this once. What's to stop a large holder from making 10000 accounts now, and then having 10000 votes forever while everyone else who doesn't cheat only has 1? This is also the reason why time-locks won't work. They can just create the accounts now, and use them X months later.

IMO, any methods with fees won't work, because guess who has more money to afford fees? Right, large stakeholders. Introducing anything above minimum fee into VS is actually punishing small stakeholders.

POS Voting System (1 NXT = 1 Vote) is the only way to ensure everyone, based proportionally on their stake, has an equal say.