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General Discussion / Re: All problems with DPoS solved with one easy change
« on: September 25, 2015, 02:58:58 pm »The algorithm should place more weight on the length of time that the funds are locked up for.
For example:
Poloniex signs up to be a witness and locks up 10,000,000 BTS in a smart wallet that is inaccessible for 1 month (before transferring automatically to a wallet accessible to them).
I sign up to be a witness and l lock up 10,000 BTS for 30 years (similar smart wallet).
The default, apathetic, non-vote goes to me and not them.
Dig?
The risk is not only money but time. Someone who locks up 10,000,000 BTS does not deserve to get the default apathetic votes unless it's for a long time.
And if someone locks up 1000 BTS for 1000 years?