Quote from: ModelT on June 07, 2021, 11:03:49 PM

Quote from: Ucy on June 03, 2021, 03:45:19 PM

Better to place more emphasis on quality of work done than how much money a voter has otherwise you'll have such "Bitcoin" easily taken over by people who have the ability to print unlimited cash, or you'll have a situation where few people with most of the money control consensus.
Satoshi voting standard requires One vote per participant (one cpu one vote and one ip address one vote,)

Basing consensus or governance on how much money participant have in an open source public system like Bitcoin typically sounds like financial corruption to me. It's incompatible with how civilized governance/consensus system works and wouldn't encourage true decentralization.

That might make sense if each person (or corporation) was allowed to each vote once, but if 1 person has 10,000 asic mining rigs, don't they effectively get 10,000 votes? How is that any different than someone with more money getting more votes than someone with less money? And what if you own some bitcoin, but don't have an asic rig? Seems like you don't get any votes.

In fact most miners dump their coins immediately after mining a new block and most of the blocks are mined in countries where bitcoin is illegal which doesn't make any sense.. I think that the move to PoS is inevitable but miners will do whatever they can to prevent that from happening so they can keep making huge profits on the back of the hodlers. After implementing a PoS system to secure the network we could reduce the block time to lower the transactions fees and to allow quicker confirmations.

@ModelT,
Forgot to save the change in my settings, hopefully now it should work.