Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's killer app: Pooling your bitcoins, using the blockchain to vote
by
Elwar
on 01/05/2014, 20:49:23 UTC
When we talk about vote fees returned, if Joe were to create 100 accounts voting 100 times with 100 bitcoins and there are only 100 other people voting 1 bitcoin each, then the vote total is 200 bitcoins with a needed 1000 bitcoins for the proposal to pass. All users would get their bitcoins returned.
If the vote fees fund the proposal, what is stopping Blizzard making 900 accounts and voting with 1 bitcoin in each account and then they get the money back when they win.

They could do that...they still have to produce the 1000 bitcoin video game. (that would be like paying your boss $45,000 so that he hires you for a $50,000 job)

And if the proposal includes that they will use escrow, then they do not get that money until the work is complete (or at different stages of development).