Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's killer app: Pooling your bitcoins, using the blockchain to vote
by
Elwar
on 30/04/2014, 12:33:48 UTC
On kickstarter someone with an idea posts the proposal and tries to get people to fund his project.

On BitPools people with a problem pledge their bitcoins toward that problem, then people with ideas and the ability to provide the solution posts the proposal.

Then people vote on whichever idea they like the most.

Wouldn't an anonymous system be open to fraud? There is no barrier to anyone producing millions of bitcoin addresses and voting for their own idea and then running off with the coin.

This is a good idea but it doesn't seem to scale well.

With BitPools you vote with your bitcoins. If someone creates a proposal and someone else creates millions of bitcoin addresses and fills each address with the minimum vote amount (ie. 10 mBTC) and sends their bitcoins...what would they gain?

It is built to scale quite a bit.