BitShares Forum
Other => Graveyard => KeyID => Topic started by: Avant on August 03, 2014, 01:34:48 am
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Delegates will control 70% in domain names. That is a big cake.
toast said
* 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.
* 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?
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Pigeon Hole Principle does not apply with Approval Voting.
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In detail.
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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
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