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RE: EIP FAQ

in #steem5 years ago

Bitcoin only works because the game theory FORCES all nodes to ACT in the best interest of the network.

Not because there are good people more than there are bad.

That's the standard of this new technology we're trying to build. At least, I believe so.

Will this EIP give us such?

No.

Will it get us closer to it?

YES.

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Yes, it's naive to believe we can force 100% of active stake to vote honestly irrespective of the economic rules adopted

We can however, reward honest voting a lot more and dishonest voting a lot less, which is what the EIP is designed to do. Hopefully a very large portion, maybe even an overwhelming majority of active stake will want to participate in honest voting instead.

As you can see from the 'How do you Expect These Measures To Work Together to Encourage Honest Voting?' section, it'll require 2 good actors for each bad actor under the new system to close the pay gap between honest and dishonest voting. It's definitely worth a shot and we can tweak the numbers later.

Seems logical right?

Posted using Partiko Android

More than what gave birth to our current Trending page, yes.

But Chb has given me untold self help wealth I could never repay...😂

Posted using Partiko Android

Don't worry. We'll tell Steemit Inc. to start pinning his posts