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bitcoindoom (56)in #steem • 8 years ago
Why Down Votes and Flags are an Unavoidable consequence of Game Theory
http It has been suggested that Steem should adopt an "up vote only" system for allocating rewards. I want to demonstrate how this is impossible in a decentralized system. The…
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bitcoindoom (56)in #steem • 8 years ago
Surity Bonds - Decentralized Accountability for Actions that Harm Community
http Steem suffers from a problem where rewards from voting abuse are privatized while the costs associated with the behavior are socialized. A sustainable system needs to have…
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bitcoindoom (56)in #bitcoin • 9 years ago
Why Bitcoin will never be as secure as a Bank
http The probability of losing your Bitcoin balance is orders of magnitude higher than the probability of losing your banking balance for the vast majority of people. The…
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