Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
pnosker
on 12/09/2014, 18:21:09 UTC
That Doesn't sound Veri Democratic.

More coins = more votes. Humm!!

Why so? People who were putting more in the fund are risking more then people who didnt.
I think thats a good incentive for people to send vrc into the fund.
I.e. it would suck if a troll that has no vrc in the fund would have as much votingpower as me who put thousands of vrc in there... tbh that would be not veri democratic ughs

I strongly disagree.

One Person. One vote!



The way PoS works is that every coin gets a vote. That's why you can have one person with 51% attack the chain. That's the only way to stop people from making a lot of 1 VRC accounts with a vote as strong as yours or mine. It's a form of blockchain voting, similar to the US House of Representatives-- proportional representation.