+ 1 NXT == x Vote { x = Func(accountBalance) = polynom * accountBalance}
+ 1 Account == 1 Vote { vote = Func(accountBalance) = 0.5 * 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
I still like this take on the voting system.
As has already been said: ANY system can be gamed. The benchmark however, should not be the ones that abuse the system, but how much good such a system actually does.
Here in the Netherlands we see the same kind of debate over the unemployment system. Sure, there are freeloaders profiting off it. However, as a system of giving people time to get a decent job again and not fall into poverty and having to sell their assets, it works.
That said: the first part of any voting system should be about what we are actually voting? Is it an advisory vote or a vote that forces an action? What is the area a vote can affect? Can it affect just smallish things like individual projects or does it affect the whole underlying structure of Nxt?
I haven't seen much about that part, mostly about the mechanism, which is to me interesting, but only in sofar as it is a means to an end.
At this moment, to me the end isn't clear. What is it a vote can affect?