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RE: Why I won't support Jerry Banfield anymore - JerryCoin

in #steem6 years ago

the one vote system is not the answer. The one vote system is entirely the opposite of the answer. Do you understand the reason why staking was invented? The weighted staking is a security measure to ensure that the network cannot be attacked easily. without it all one would would need to do to screw over the system is create a ton of spam accounts to have them rape the reward pool by givnig themselves an artificailly inflated stake meanwhile they will be downvoting your content while upvoting theirs. the 1 person 1 vote system was ruled out originally for a reason

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Ok now there's some constructive argument. well obviously weighted stake is not working. People will same interest will only upvote among themselves. If there's a way to combine both will be great. I'm no expert but I think it can be solved with account creation limits? For now, I don't know if KYC is the way to go. But I'm happy to hear some opinions.

the problem is that you want something for nothing. Life doesnt work that way hun. You want to get paid for "creating" content.... then go out there and hustle up a damn following who has money and wants to support you, just like everyone else who gets paid for their content has been doing since content began getting paid for

You clearly have no idea what you're talking bout. I've been talking to an idiot.. Bye.

Most big exchanges that deal with SEPA and other withdrawals rely heavily on kyc, it just wouldnt work here.
The way it could possibly work is weight votes against an already set mechanic on the steem blockchain.
A hybrid system that takes into account reputation and stake, for example. Pure 1 account/1 vote cannot work if you are unable to determine a bot from a person.

That way you create a system of where the community is the one that determines based on consensus how valuable your vote should or should not be, along with the investment you put in.
Ofc for this to work youdd need to get rid of bots.... Anyways. SMTs are coming, and i dont think the 1 account/1 vote will be as simplistic as it sounds.

Says the guy thinking about kyc on a blockchain...

thank you @pharesim any chance you can upvote my comment so it shows up