Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [HVC] Heavycoin - CPU-only, Ultra-secure, Decentralized Voting
by
NeuroticFish
on 12/03/2014, 23:21:22 UTC
If only block finders get their vote counted, that's hardly democratic, as the people with the most CPU power get their votes validated, they're most likely to vote 1024, as they will then get higher block reward.  I've noticed on the pools the blocks are found by the users with the most CPU power, i.e. the ones with the CPU farms.  If you've got low CPU power in comparison to the other miners whats the point of voting if its not going to be counted, only the ones with the money who can purchase CPU farms will get their votes counted.

I had some thinking on this too and my conclusion is that - though it's unpleasant, especially for IPO investors that don't really mine - the current voting IS democratic and quite correct.

If only by starting the wallet you could vote, then anyone could start hundreds of wallets (on VM) to manipulate the price. And it would also be more like anybody in the world could vote for the president of USA...

However, I may be wrong - it's 1AM here.