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General Discussion / Re: [VoterApathy] How To Make 51% Attacks A Lot Harder (without more people voting)
« on: December 21, 2015, 11:52:54 am »51% is a gross overestimate. Try a 13% attack; that's what bitshares is currently vulnerable to.
DPOS was designed without the realisation of what voter apathy would actually mean for the security of the chain. Instead of being the most decentralised currency, it is currently the least decentralised with one account controlling 100% of the chain.
As unpopular as the penalty fee was, perhaps only the removal of dilution & re-introduction of the 5% inactivity penalty fee for not voting at with BTS balances will improve it. (Ideally with FBA's the majority of that fee can be used for voter rewards.)
DPOS was a nice experiment, but the requirement for active voting was a big oversight. Much simpler to just plain remove it all and go with a much simpler system, which simply ranks by stake.