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RE: Broken Witness Voting System!
Sounds like a great idea to put a time limit on the votes.
Posted using Partiko Android
Sounds like a great idea to put a time limit on the votes.
Posted using Partiko Android
Yes. It is logical (for obvious reasons ,as defined in the post)
However, when some people throw around a term "decaying vote", that is NOT THE SAME THING.
Just taking this opportunity to make this clear.
A "decaying vote" would as per the definition applied from one other blockchain =
A vote that loses its stake/vote value as time passes.
That is not fair nor equal in any way, manner or form.
A persons investment (stake) is what makes DPOS work and as such unless powered down remains the same.
DPOS protects investors and should NEVER BE COMPROMISED or UNDERMINED, let alone brought to a value that is equal to anything less than their investment.
Hence, A "DECAYING VOTE" IS UNFAIR AND UNEQUAL & DESTROYS THE CONCEPT OF DPOS.
While a DEFINED TERM VOTE (as described in the post) DOES NOT IN ANY WAY CHANGE DPOS.
Needed to get this out there, just in case anyone tries to "copy a flawed system".
Thanks for mentioning "time limit", it got the light bulb shining above the head in ref to what all some have thrown around in the past.
Cheers.
All good mate and thanks for the decaying vote information.
Posted using Partiko Android