Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
Komputor
on 26/01/2014, 19:58:18 UTC

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.

Fair points. I see how 1nxt = 1 vote is a better approach that way.
After some thought, it also seems highly unlikely that the largest stakeholders will intentionally vote against the majority of all stakeholders. Suppose this does happen, then if the distribution of NXT remains healthy, they should still not have an unfair voting advantage.