Post
Topic
Board Announcements (Altcoins)
Re: Biblepay BBP Community Discussion Thread
by
secoccular
on 09/05/2019, 00:58:53 UTC
Wow, if ever a post could have used a TL;DR. Smiley

So the gist is a discussion about how many masternodes Rob controls, and how that affects voting and his power.

I think it's a fallacy to say someone needs 51% of masternodes to control the vote. That's only true if 100% of masternodes cast votes. I don't have a sanc because I have a moral issue with masternodes, but I have a hard time believing that 100% of masternode owners vote on each proposal. Does anyone know on average what percent do vote?

Even having 1% more than the combined voting power of those who vote, is enough to tip the scales. Even less than that is needed, because some people are going to vote with the dev or with which direction the proposal seems to be going.

I have no proof of anything, but my gut tells me there's something that's being hidden. The anonymity seems strange in this case. Maybe it's justified. Over time, I think less.

I think if larger investors are going to come back in, they're going to want to know what the real distribution of power is. I wouldn't dream of making more than a modest investment without knowing how the voting works in real life. I still can't decide if this is a monarch coin or not.