Quote from: profitofthegods on July 24, 2014, 03:07:43 pm

Hi, I'm new and just starting to learn about DPoS and what I am wondering is why people would spend the time researching about delegates and so on just to give money to someone else? Where is the motivation to actually vote if people are not getting something back?

I have to say my first impression is that a Proof of Stake system which only rewards a select group of insiders, rather than everyone, doesn't appeal to me at the moment, and as such I would probably want to go for one of these pay back delegates just because I would feel like I kind of deserved it as much as them so why shouldn't I get a cut. But I remain open to being convinced otherwise so feel free to tell me why DPoS is better and on what basis I should vote if not for my own benefit.

They are doing a job on your behalf (validating the blocks) and their margins are very thin meaning there isn't all that much "profit" in it.   You want to vote because the delegates are working to make your stake more valuable so you vote for those you trust to REINVEST into growing the DAC.

My main issue with that is I don't have the first clue who would reinvest into growing the DAC, and don't really have the time or motivation to find out. Think of me as a casual user who just wants to spend a little time using Bitshares, but doesn't have lots of time to spare for becoming a part of the community and getting to know people and so on. Finding out who to vote for seems to me at the moment like something which would require a significant commitment of time and effort, but yet I get nothing back (directly) in return for that effort.

I understand that you would like everyone to be altruistic and to be deeply commited to this project you care about and put effort into making sure it succeeds, but as soon as the user-base expands beyond the small group of commited community members who have been involved in the project for a long time to include general users, that is just not going to happen.