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RE: Proof of Good Governance

in #eos6 years ago

Wow! Thank you once more for your awesome efforts and those uplifting thoughts.

If 100% of all rewards were distributed via a flawed system, then it could devalue the entire platform; however, if just 1% of rewards are distributed by the same algorithm then any misallocations can be tolerated.

The trick is to identify the proper balance between incentives and the risk of abuse. @dantheman [source]

  1. Dan's proposal to negate voters can be found here.
  2. Dan shared some of his reasons why n2 curve is needed in his post Evil Whales which is summed up beautifully and simply by the quote below.

they can quickly move to new accounts and have elaborate systems to hide their abuse. They will make some profit but it is all costs to the police.