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RE: An Open Letter To @elipowell

in #busy5 years ago

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.

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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.