Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: greed delegates possible in DNS without punishment  (Read 315 times)

Offline Avant

  • Full Member
  • ***
  • Posts: 78
    • View Profile
greed delegates possible in DNS without punishment
« on: August 03, 2014, 01:34:48 AM »

Delegates will control 70% in domain names. That is a big cake. 

toast said
Quote
*  You can vote for low-pay delegates so that they receive only a small percent (10% or less) of possible pay. The rest is destroyed.

However, this is not alway true in game theory.
Suppose 1PTS stands for 1 delegate vote only, 101 delegates. For simplicity, we only consider PTS, i.e., imagine just 2,000,000 votes.
Based on Pigeonhole principle, the person who gets more than 2,000,000/101 votes will certainly be a delegate. It is about 19802 PTS.
According coinplorer, the top 12 PTS address, is able to support 14,7,4,2,2,2,2,2,2,2,1,1 delegates (totally 39 delegates or more), even these delegates set high-pay (100%), our vote can't change this.
If a PTS have several votes, AGS included. Similar things will happen.

Quote
*  You aren't just giving 101 individuals the majority - there will be more than 101 different delegates over the course of a year, and they also want what is good for the DAC and will vote for a diverse set of delegates.
Less votes for a delegate. They can support more delegates.


Toast, could any future discipline to avoid this?


« Last Edit: August 03, 2014, 01:39:38 AM by Avant »
PTS: PvhU2D9ViKygoBQTgh9zeKuFTqi8j3TRjy
BTS: avanty

Offline bytemaster

Re: greed delegates possible in DNS without punishment
« Reply #1 on: August 03, 2014, 01:42:25 AM »
Pigeon Hole Principle does not apply with Approval Voting.
For the latest updates checkout my blog: http://bytemaster.bitshares.org
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline Avant

  • Full Member
  • ***
  • Posts: 78
    • View Profile
Re: greed delegates possible in DNS without punishment
« Reply #2 on: August 03, 2014, 01:46:13 AM »
In detail.
PTS: PvhU2D9ViKygoBQTgh9zeKuFTqi8j3TRjy
BTS: avanty

Offline toast

Re: greed delegates possible in DNS without punishment
« Reply #3 on: August 03, 2014, 04:38:11 AM »
With approval voting it is possible for the smallest (101-39) stake-percent to control 100% of delegates, but majority of small stakeholders has to disagree with big stakeholders

Sent from my SCH-I535 using Tapatalk

Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

 

Google+