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RE: Is Brian Armstrong - CEO of Coinbase Deceitful About Decentralization?

in LeoFinance • 3 years ago

If I understand correctly, you are suggesting a system where rewards distribution and governance is decided by majority rule rather than based on stakes.

I doubt it is even possible within DPOS system. But it can be an interesting experiment on layer 2, like tribe economies and governance.

I found a post that I wrote a year ago on the topic that addresses issues you mention.

https://hive.blog/hive-167922/@geekgirl/hive-rewards-distribution-system-good-bad-and-entitlement

3 years ago in LeoFinance by
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     3 years ago (edited) 

    Hi Jen. Thanks for replying. I read your post, and it's a great explanation about Hive. i will share it.

    Sorry for the delay in replying. i tend to procrastinate sometimes. For now, in this post there's a partial reply to you https://ecency.com/hive-111177/@atma.love/autobiography-of-a-jogi-diary. You can reply here or there, if you are still inspired to dive deeper. I intend to reply more promptly in future.

    Peace and Love to you
    Atma
    #matrix8

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       3 years ago  

      Here's something else to help bring some more clarity to #matrix8

      Written by John Huckel @matrix-8 (designer of the system):

      The Matrix-8 Solution is not the meritocracy of POW or the oligarchy of POS. But, it can still include either of both of those in some power-sharing construct. It's unique innovation is that it can also be solely a Direct Democracy. It is up to you how you wish to structure Governance. And as I see it, optimally it will eventually leave that decision up to the individual Participants themselves.

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