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RE: An Open Letter To @elipowell
Just brilliant!
The additional benefits will come with the psychological response. People will for the most part, then feel responsibility and thus act in a more community minded manner with their stake and use it accordingly, so paying it forward. This will then grow the rewards for more people and promote better behaviour.
Win win.
Top idea Tasky :-)
Some people are too worried about retaliation.
Not me, but I'm not very interested in my personal finances.
Most people are, and you're right.
It's all a min-max game, really.
The downvote pool will provide flags equal to 25% of VP. Whales have almost all VP. Flags return rewards to the pool, and whales extract ~90% of rewards due to stake-weighting. Whales will increase their share of stake, and no one will be able to do a damn thing about it.
Hordes of users won't be able to counter those flags, and not even Stinc delegating every Satoshi of it's stake to minnows will make that possible.
The key is that extra 25% (or whatever that percentage they decide on) doesn't allow the whales to control >50% of the active voting stake.
If they do, then there's the risk of the DPOS version of 51% attack.