Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC/BLK) | PoS | No Premine - No IPO - ONLY OFFICIAL THREAD
by
Ashdrake
on 09/05/2014, 19:38:44 UTC
No


I vote for people that hold the most cash to have the biggest say in what the foundation should do. Oligarchy for the win

So for example if 500 members with a total of 500,000 coins vote that BlackCoin shouldn't be renamed.. but 2 members with millions of coins decide they want to rename the coin. We have to rename the coin. Just because 2 members with more coins made the decision?

That is a stupid example. However if for ex: 500 people want to X thing, but 2 people with a lot of money know or have a feeling that doing X will actually have a negative impact on the coin value, then yeah those 2 people will be right, however, its not 500 vs 2 people , its more like 500 vs like 50 big holders, and yeah, if 50 big holders say doing X will lead to bad things, then since the bad thing will impact them the most (since they have the most coins) they have the right to veto it