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General Discussion / Re: [VoterApathy] How To Make 51% Attacks A Lot Harder (without more people voting)
« on: December 21, 2015, 07:39:29 pm »Good luck convincing many friends to buy shares in a centralized blockchain with shareholder directed dilution
Good point. In fact, BTS is in a bit of a stranglehold with Cryptonomex, through no fault of its own:
- The majority of voters can vote in new worker pay via dilution
- Cryptonomex (and/or like-minded founders) controls a majority of "active" votes, partly due to voter apathy
- Therefore, Cryptonomex can vote in worker pay for itself (which it does)
So, as a matter of opinion, you might conclude that significant trust must be placed in Cryptonomex not to over-dilute, in the same manner that citizens trust their central bankers.
It's not easy to "fix" this.