121
DAC PLAY / Re: Payouts from the house in a trustless, decentralised system
« on: October 24, 2014, 01:32:49 am »The fund would not be simple address from which funds could be spent using a private key.
I think the fund would be more like a global counter that is updated in every block according to strict rules. If someone tried to violate the rules by paying out funds to themselves, other delegates would notice and reject that block.
Like a coinbase transaction in bitcoin? Presumably, then lost funds would simply be 'burned' to be in line with the 'created from nothing' aspect of a coinbase transaction?
True