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RE: Normie Talk - HF21 Explained (SPS + EIP) What it is and what happens next

in #normietalk • 5 years ago (edited)

this:

Stake weighted voting decides what proposals receive funding

and DAO is an oxymoron. Stake-distribution is the very opposite of decentralized. It makes no Sense to have a stake based voting when there is no equilibrium.

For people who know some math:

wealth distribution curves

they are near to total inequality

decentralization vs. centralized bullshit

Ralph Merkle (the crypto guy Merkle trees are named after) actually wrote a paper on DAOs and why they need to be democratic...but hey what does this old guy know. BTW the paper is peer-reviewed by Buterin, Hoskinson, and others lel

5 years ago in #normietalk by
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     5 years ago  

    You’re on a DPOS blockchain.

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       5 years ago (edited) 

      This does not change the laws of math and physics...The term delegated refers to the set of block-producers and has nothing to do with the stake. Its a combination of two distinct mechanism as a compromise according to the scaleability trilemma. Anyways thank you for your explanation

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         5 years ago  

        I was referring to your comment about how it makes no sense for stake based voting, when you are on a Delegated Proof of Stake platform.. by design, stake makes decisions.