Author Topic: CSO / CMO / CHA positions (no longer) compromised  (Read 5155 times)

0 Members and 1 Guest are viewing this topic.

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
CSO / CMO / CHA positions (no longer) compromised
« on: December 26, 2013, 12:37:46 am »
Looks like in the latest vote, a large owner has taken control of three positions -

The vote winners are now -

MVTEcsokc7QGqvA2RZz8TcLJbswtvyw6jX
MVTEcmovis7qct4hwshvht7USDUvBLeBdJ
MVTEchaj4Tg2oiW1Z5J8yx6BQLUHyAi3it

I can't find these addresses anywhere, so I assume they are privately held and no benefit to the coin.

Please choose candidates to vote for to prevent a private take-over of these funds -

Here are the candidates -
https://bitcointalk.org/index.php?topic=369487.0;all

Send 1 satoshi to your chosen person for each position.




--------Grant Voting--------
Total coin issued: 1405920
Total of Voters' Balances: 51950
Percentage of total issued coin voting: 3percent
Droop Quota: 25975
-------------:
Award Round:0
Candidate Elected: MVTEcmovis7qct4hwshvht7USDUvBLeBdJ (26457)
Surplus Transfer Value: 0.0182312
--------End Grant Voting--------
Add grant award to Block MVTEcmovis7qct4hwshvht7USDUvBLeBdJ 5320000000

Winner Support:

--MVTEcmovis7qct4hwshvht7USDUvBLeBdJ
-->25975 MA9thFQTqWt6XoArbiCPyy4YDCuAJZXQYi
--------Grant Voting--------
Total coin issued: 1405920
Total of Voters' Balances: 50250
Percentage of total issued coin voting: 3percent
Droop Quota: 25125
-------------:
Award Round:0
Candidate Elected: MVTEcsokc7QGqvA2RZz8TcLJbswtvyw6jX (26457)
Surplus Transfer Value: 0.0503582
--------End Grant Voting--------
Add grant award to Block MVTEcsokc7QGqvA2RZz8TcLJbswtvyw6jX 5320000000

Winner Support:

--MVTEcsokc7QGqvA2RZz8TcLJbswtvyw6jX
-->25125 MA9thFQTqWt6XoArbiCPyy4YDCuAJZXQYi
--------Grant Voting--------
Total coin issued: 1405920
Total of Voters' Balances: 34242
Percentage of total issued coin voting: 2percent
Droop Quota: 17121
-------------:
Award Round:0
Candidate Elected: MVTEchaj4Tg2oiW1Z5J8yx6BQLUHyAi3it (26457)
Surplus Transfer Value: 0.352891
--------End Grant Voting--------
Add grant award to Block MVTEchaj4Tg2oiW1Z5J8yx6BQLUHyAi3it 5320000000

Winner Support:

--MVTEchaj4Tg2oiW1Z5J8yx6BQLUHyAi3it
-->17121 MA9thFQTqWt6XoArbiCPyy4YDCuAJZXQYi
« Last Edit: December 27, 2013, 01:35:29 am by FreeTrade »
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #1 on: December 26, 2013, 12:42:14 am »
SeansOutpost is hopefully going to come directly and accept the CHA position (if you guys choose for it).

In the meantime I am his representative and you can use the address:
MVTEchaTyyDP2V6QotPE4zi1mUvbNKo8pe

I had warned about this happening earlier, we all need to start voting. Its just a satoshi and a moment of your time!
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline Linolis

  • Jr. Member
  • **
  • Posts: 22
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #2 on: December 26, 2013, 01:08:55 am »
Just threw my votes into the ring, hopefully they made a difference.

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #3 on: December 26, 2013, 01:10:14 am »
Just threw my votes into the ring, hopefully they made a difference.
I just saw them, thank you very much.

I can't stand the thought that someone with clearly enough wealth already is stealing from the charity pot. Wouldn't be surprised if it was the same person currently mining at 350h/m
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #4 on: December 26, 2013, 02:07:40 am »
Just threw my votes into the ring, hopefully they made a difference.
I just saw them, thank you very much.

I can't stand the thought that someone with clearly enough wealth already is stealing from the charity pot. Wouldn't be surprised if it was the same person currently mining at 350h/m
Up to 4 votes, that SOB is still stealing from charity.
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline belltown

  • Full Member
  • ***
  • Posts: 107
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #5 on: December 26, 2013, 02:47:54 am »
This is a pretty urgent matter. This is pretty bad for the coin. If people with a lot of coins decide that they prefer one candidate over another because they think he does a better job that's ok. They are invested in the coin the most and they chose a person who will serve the coin the best. But if somebody unknown with a lot of coins just votes for himself with absolutely no indention to do any work to build a coin this is pretty bad. He just gets paid without doing any work.

It seems that this person has just 25k coins. I think MemoryCoin community can stand together and elect a better candidate for CSO, CMO and CHA positions. I voted my 6k coins. We need just 19k more votes.

PLEASE VOTE NOW!

Voting is super easy. Just send exactly 1 Satoshi (0.00000001 MMC) to the address of the candidate of your choice. Here is candidates:
https://bitcointalk.org/index.php?topic=369487.0
 
« Last Edit: December 26, 2013, 03:12:04 am by belltown »
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline itsik78

  • Sr. Member
  • ****
  • Posts: 297
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #6 on: December 26, 2013, 03:05:26 am »
This entire system is flawed...
What prevents me from writing a fairly easy script (would take me around 20 seconds), using an investment of, let's say, 500 mmc to:
1. Start the memory coin daemon without a wallet.dat
2. Send a satoshi to this wallet from my main wallet
3. Send a satoshi voting for myself from the new wallet
4. Kill the daemon
5. Delete the wallet so a new one gets recreated
Start over * 50000000000 times.
Who could ever beat me?

« Last Edit: December 26, 2013, 03:07:20 am by itsik78 »

Offline itsik78

  • Sr. Member
  • ****
  • Posts: 297
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #7 on: December 26, 2013, 03:10:24 am »
Just threw my votes into the ring, hopefully they made a difference.
I just saw them, thank you very much.

I can't stand the thought that someone with clearly enough wealth already is stealing from the charity pot. Wouldn't be surprised if it was the same person currently mining at 350h/m
I'm one of the top miners (more than 350 h/m) and I would never do that.. Although, as I wrote above it's extremely easy to fool the system... This voting system needs rethinking.

Offline radiumsoup

  • Jr. Member
  • **
  • Posts: 23
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #8 on: December 26, 2013, 03:17:08 am »
the problem is that the reward is just too damned high. The people in these positions (excuse me if I'm stepping on anyone's toes here, I mean no insult) don't seem to actually have anything to do. It's not "charity" as much as it is "whoever can convince people they deserve it more gets free money". I saw this coming a mile away. Others actually warned about it. I am not surprised in the least that it happened.

This would be much less of an issue if the reward was 1/10th of what it is.

Offline belltown

  • Full Member
  • ***
  • Posts: 107
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #9 on: December 26, 2013, 03:19:27 am »
itsik78, it's great to meet somebody who has so much hashing power. Great job, man!

MemoryCoin 2.0 voting is proportional to the number of coins you own. So if you have 1 MMC that's one vote. If you have 25k MMC that's 25k votes. So there is no need to create a scrypt, if you have more coins you have more votes. There is no way to cheat. if you want to do something selfish you have to mine or buy more coins to get more votes and you need to have more coins then the whole community that voted.

This is what happened here. Because people usually don't vote, somebody with 25k coins stole CSO, CMO and CHA positions.

If you have more then 25k coins just your single vote can revert the damage done. But even if you have less, still please vote now, man.
« Last Edit: December 26, 2013, 03:25:32 am by belltown »
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline Lighthouse

  • Sr. Member
  • ****
  • Posts: 376
  • Making a Market in PTS since 11/06/2013
    • View Profile
    • Lighthouse Bulk Orders and Trusted Escrow (Closed)
Re: CSO / CMO / CHA positions compromised
« Reply #10 on: December 26, 2013, 03:20:18 am »
The size of the reward isn't the problem, it's that you're paying people a salary rather than paying for results.  Paying a salary means you pay for one persons time.  Who cares about their time, it might not be that valuable - It would be better to set out goals that whenever anyone achieves them results in some of the designated funds being sent their way.

So long as you pay people for their time, you have to micromanage them to make sure they are using their time effectively.  I don't think thats possible, therefore its nuts to pay for time.

And Freetrade, the client won't even run on my computer - It loads with a blockchain related error message then crashes a few minutes later, when your software works I'll be happy to vote my PTS derived shares.
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline itsik78

  • Sr. Member
  • ****
  • Posts: 297
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #11 on: December 26, 2013, 03:23:09 am »
itsik78, it's great to meet somebody who has so much hashing power. Great job, man!

MemoryCoin 2.0 voting is proportional to the number of coins you own. So if you have 1 MMC that's one vote. If you have 25k MMC that's 25k votes. So there is no need to create a scrypt, if you have more coins you have more votes. There is no way to cheat. if you want to do something selfish you have to mine or buy more coins to get more votes and you need to have more coins then the whole community that voted.

This is what happened here. Because people usually don't vote, somebody with 25k coins stole CSO, CMO and CHA positions.

If you have more then 25k coins just your single vote can revert the damage done. If you have less, still please vote now, man.

What if I shift my 25k from one account to other, voting from each account? Would it sum up?

Offline belltown

  • Full Member
  • ***
  • Posts: 107
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #12 on: December 26, 2013, 03:28:01 am »
What if I shift my 25k from one account to other, voting from each account? Would it sum up?

Election results are recalculated every 20 blocks. So no, your previous account has 0 MMC now, so it's 0 votes. Your new account has 25k MMC, so if you don't forget to vote from that account, it's still just 25k votes. But if you forget to vote from that account it's 0 votes. So it's better not to move the money around.
« Last Edit: December 26, 2013, 03:29:43 am by belltown »
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline itsik78

  • Sr. Member
  • ****
  • Posts: 297
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #13 on: December 26, 2013, 03:30:38 am »
What if I shift my 25k from one account to other, voting from each account? Would it sum up?

Election results are recalculated every 20 blocks. So no, your previous account has 0 MMC now, so it's 0 votes. Your new account has 25k MMC, so if you don't forget to vote from that account, it's still just 25k votes. But if you forget to vote from that account it's 0 votes. So it's better not to move the money around.
I see,
Sorry for the confusion.
You received my vote (only 1.6k, but soon to be 3k).

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #14 on: December 26, 2013, 03:36:21 am »
The size of the reward isn't the problem, it's that you're paying people a salary rather than paying for results.  Paying a salary means you pay for one persons time.

Well, we'll see how it evolves. There's nothing to stop winners from using funds to subcontract others. If the rewards become large enough, we might see more competition and that competition should involve making better offers to memorycoin owners for their votes.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #15 on: December 26, 2013, 03:48:45 am »
So we've recovered - but we're going to need a constant effort to vote for useful candidates. Eternal Vigilance!


Here's the current winners -

MVTEceoTeDMmxFHcRbkMyJGN4ct7ULKkS6

MVTEchaTyyDP2V6QotPE4zi1mUvbNKo8pe

MVTEcmo2iUnZn5cHJ7SKrhLMwi7EGPfgnq

MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad

MVTEcsoCi2QBXFTsRARm81nXSkaqeAt5wT

MVTEcto33ErvL7f5PBAaPakazcpw6HRn7F


53.20000000 MMC

53.20000000 MMC

53.20000000 MMC

53.20000000 MMC

53.20000000 MMC

53.20000000 MMC
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline belltown

  • Full Member
  • ***
  • Posts: 107
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #16 on: December 26, 2013, 03:54:45 am »
Nice. Thank you for your votes! Community got together and the cheater lost! MemoryCoin 2.0 innovative elections system works.

But please, if you didn't vote, please keep voting. Let's not be passive, let's leave no room for cheaters! We together have more power then 1 cheater who happens to accumulate a lot of coins.
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline Lighthouse

  • Sr. Member
  • ****
  • Posts: 376
  • Making a Market in PTS since 11/06/2013
    • View Profile
    • Lighthouse Bulk Orders and Trusted Escrow (Closed)
Re: CSO / CMO / CHA positions compromised
« Reply #17 on: December 26, 2013, 03:57:55 am »
So where should we expect to see results/ reports from the people who are being paid a salary

Mostly it seems like money was devoted from one person doing nothing to another person doing nothing who the guy creating the coin prefers
Before you say the price of PTS is too high, take a look at theThe Reason.  Protoshares are an entirely new type of Cryptocurrency, one that pays to hold.

Offline Delinquency

  • Sr. Member
  • ****
  • Posts: 370
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #18 on: December 26, 2013, 04:15:49 am »
We need a real-time system to display statistics of the current election and encourage voting...

IMHO this voting system is very controversial. Why can't elections be held publicly, held without sending your beloved MMC and with the coins to reward a nominated candidate if he wins?

Seems like even in MMC, democracy can still be manipulated with mass amounts of money

Offline barwizi

  • Hero Member
  • *****
  • Posts: 764
  • Noirbits, NoirShares, NoirEx.....lol, noir anyone?
    • View Profile
    • Noirbitstalk.org
Re: CSO / CMO / CHA positions compromised
« Reply #19 on: December 26, 2013, 06:45:35 am »
MVTEcsoqoc4bVUHgVdxnQx2L53vm5UgXpM

Online Support and advice. Vote me!!!
--Bar--  PiNEJGUv4AZVZkLuF6hV4xwbYTRp5etWWJ

The magical land of crypto, no freebies people.

Offline NUKE1989

  • Jr. Member
  • **
  • Posts: 20
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #20 on: December 26, 2013, 08:10:34 am »
har har Democracy in a capitalistic system

Offline ig0tik3d

  • Full Member
  • ***
  • Posts: 50
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #21 on: December 26, 2013, 08:50:44 am »
MVTEcsoqoc4bVUHgVdxnQx2L53vm5UgXpM

Online Support and advice. Vote me!!!
i dont see any support from your side ... only posts like vote for me.. and gets mmc from votes. and Freetrade you have premine, why you want mmc from votes???  its like scam*scam=scam2

Offline itsik78

  • Sr. Member
  • ****
  • Posts: 297
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #22 on: December 26, 2013, 09:00:29 am »
MVTEcsoqoc4bVUHgVdxnQx2L53vm5UgXpM

Online Support and advice. Vote me!!!
i dont see any support from your side ... only posts like vote for me.. and gets mmc from votes. and Freetrade you have premine, why you want mmc from votes???  its like scam*scam=scam2
This voting system is really more like a dictatorship than a democracy...
Since, for example, Freetrade has (I assume) a vast amount of Protoshares + vast amount of MMCs from the initial blocks (as ceo and cto) he can decide who runs the roles alone... His power is like the power of more than half of the "common people".
This isn't democracy..
#Iranian elections


Here's an example:
http://www.chainbrowser.com/memorycoin/address/MVTEcsoCi2QBXFTsRARm81nXSkaqeAt5wT/
I don't know who it is, nor do I care... But there's only 1 vote from someone that made sure he would have 51k MMCs (I assume it's FreeTrade, but I could be wrong).
That's hardly democracy as my vote along with 50 more people wouldn't budge a thing.
« Last Edit: December 26, 2013, 09:12:02 am by itsik78 »

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #23 on: December 26, 2013, 12:02:26 pm »
Just threw my votes into the ring, hopefully they made a difference.
I just saw them, thank you very much.

I can't stand the thought that someone with clearly enough wealth already is stealing from the charity pot. Wouldn't be surprised if it was the same person currently mining at 350h/m
I'm one of the top miners (more than 350 h/m) and I would never do that.. Although, as I wrote above it's extremely easy to fool the system... This voting system needs rethinking.
Its proportional, so if you sent 1 vote from 500 wallets with 1 coin each it would be the same as one vote from a wallet with 500 coins.
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #24 on: December 26, 2013, 12:04:06 pm »
Thank you everyone, Seans outpost is now in power! If you could continue to vote it will strengthen the position.
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline itsik78

  • Sr. Member
  • ****
  • Posts: 297
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #25 on: December 26, 2013, 12:19:16 pm »
Just threw my votes into the ring, hopefully they made a difference.
I just saw them, thank you very much.

I can't stand the thought that someone with clearly enough wealth already is stealing from the charity pot. Wouldn't be surprised if it was the same person currently mining at 350h/m
I'm one of the top miners (more than 350 h/m) and I would never do that.. Although, as I wrote above it's extremely easy to fool the system... This voting system needs rethinking.
Its proportional, so if you sent 1 vote from 500 wallets with 1 coin each it would be the same as one vote from a wallet with 500 coins.

Yep, as I wrote... It's even worse...
1 vote from a 51k MMC wallet > 5000 votes from a 10 MMC wallet.
So money is power...

Offline barwizi

  • Hero Member
  • *****
  • Posts: 764
  • Noirbits, NoirShares, NoirEx.....lol, noir anyone?
    • View Profile
    • Noirbitstalk.org
Re: CSO / CMO / CHA positions compromised
« Reply #26 on: December 26, 2013, 12:56:14 pm »
this system needs to be scrapped
--Bar--  PiNEJGUv4AZVZkLuF6hV4xwbYTRp5etWWJ

The magical land of crypto, no freebies people.

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #27 on: December 26, 2013, 01:38:21 pm »
Just threw my votes into the ring, hopefully they made a difference.
I just saw them, thank you very much.

I can't stand the thought that someone with clearly enough wealth already is stealing from the charity pot. Wouldn't be surprised if it was the same person currently mining at 350h/m
I'm one of the top miners (more than 350 h/m) and I would never do that.. Although, as I wrote above it's extremely easy to fool the system... This voting system needs rethinking.
Its proportional, so if you sent 1 vote from 500 wallets with 1 coin each it would be the same as one vote from a wallet with 500 coins.

Yep, as I wrote... It's even worse...
1 vote from a 51k MMC wallet > 5000 votes from a 10 MMC wallet.
So money is power...
Thats currently 40BTC at current rates, but buying that many would push the price UP so its not really much of a problem. The more people that come here, the more dispersion of wealth there is and the more democratic it becomes.

When is money ever not power?
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline itsik78

  • Sr. Member
  • ****
  • Posts: 297
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #28 on: December 26, 2013, 02:22:52 pm »
Just threw my votes into the ring, hopefully they made a difference.
I just saw them, thank you very much.

I can't stand the thought that someone with clearly enough wealth already is stealing from the charity pot. Wouldn't be surprised if it was the same person currently mining at 350h/m
I'm one of the top miners (more than 350 h/m) and I would never do that.. Although, as I wrote above it's extremely easy to fool the system... This voting system needs rethinking.
Its proportional, so if you sent 1 vote from 500 wallets with 1 coin each it would be the same as one vote from a wallet with 500 coins.

Yep, as I wrote... It's even worse...
1 vote from a 51k MMC wallet > 5000 votes from a 10 MMC wallet.
So money is power...
Thats currently 40BTC at current rates, but buying that many would push the price UP so its not really much of a problem. The more people that come here, the more dispersion of wealth there is and the more democratic it becomes.

When is money ever not power?

40BTC OR a big amount of Protoshares + massive amount of MMC from previous role rewards (ceo, cto).
I'm not making these numbers up. Scroll up to my messages and you can see an example... How 1 single vote with a 51k (now more) wallet chose a candidate.


Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #29 on: December 26, 2013, 02:45:15 pm »
Just threw my votes into the ring, hopefully they made a difference.
I just saw them, thank you very much.

I can't stand the thought that someone with clearly enough wealth already is stealing from the charity pot. Wouldn't be surprised if it was the same person currently mining at 350h/m
I'm one of the top miners (more than 350 h/m) and I would never do that.. Although, as I wrote above it's extremely easy to fool the system... This voting system needs rethinking.
Its proportional, so if you sent 1 vote from 500 wallets with 1 coin each it would be the same as one vote from a wallet with 500 coins.

Yep, as I wrote... It's even worse...
1 vote from a 51k MMC wallet > 5000 votes from a 10 MMC wallet.
So money is power...
Thats currently 40BTC at current rates, but buying that many would push the price UP so its not really much of a problem. The more people that come here, the more dispersion of wealth there is and the more democratic it becomes.

When is money ever not power?

40BTC OR a big amount of Protoshares + massive amount of MMC from previous role rewards (ceo, cto).
I'm not making these numbers up. Scroll up to my messages and you can see an example... How 1 single vote with a 51k (now more) wallet chose a candidate.
We've now beaten his vote, I'm more concerned about one pool having 100% of the hashing power. Its already devalued the coin by 50%!
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline Montaxx

  • Moderator
  • Full Member
  • *****
  • Posts: 76
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #30 on: December 26, 2013, 03:30:57 pm »
MVTEcsoCi2QBXFTsRARm81nXSkaqeAt5wT

This is my address. And as you can see I'm the mod here and actually GIVE online support.
Check my Signature for further informations about what I plan and what I did so far

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #31 on: December 26, 2013, 03:40:45 pm »
MVTEcsoCi2QBXFTsRARm81nXSkaqeAt5wT

This is my address. And as you can see I'm the mod here and actually GIVE online support.
Check my Signature for further informations about what I plan and what I did so far
Montaxx you seem like a great candidate, change that '4' to for and you have my vote!
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #32 on: December 27, 2013, 01:21:59 am »
CNO position is also compromised. One of its votes comes from this address
http://www.chainbrowser.com/memorycoin/address/MG7BQJRFfVjwgoJqXDGy7Sqx6scQr6jRqa/

That is the vote that is keeping it ahead of everyone else.
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #33 on: December 27, 2013, 01:29:38 am »
CNO position is also compromised. One of its votes comes from this address
http://www.chainbrowser.com/memorycoin/address/MG7BQJRFfVjwgoJqXDGy7Sqx6scQr6jRqa/

That is the vote that is keeping it ahead of everyone else.

Well CNO is being won by an actual declared candidate - FaSan
https://bitcointalk.org/index.php?topic=369487.0

So I wouldn't call it compromised - there's always healthy discussion to be had about whether there are better choices for voters to make, but it's only when there are undeclared candidates winning that we're in serious trouble. 
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #34 on: December 27, 2013, 01:31:12 am »
CNO position is also compromised. One of its votes comes from this address
http://www.chainbrowser.com/memorycoin/address/MG7BQJRFfVjwgoJqXDGy7Sqx6scQr6jRqa/

That is the vote that is keeping it ahead of everyone else.

Well CNO is being won by an actual declared candidate - FaSan
https://bitcointalk.org/index.php?topic=369487.0

So I wouldn't call it compromised - there's always healthy discussion to be had about whether there are better choices for voters to make, but it's only when there are undeclared candidates winning that we're in serious trouble.
111,000 votes which come from himself. The other votes really count for jacks*it. While its not as bad as the others he is not the one chosen by the majority. Just himself.

MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #35 on: December 27, 2013, 01:33:23 am »

111,000 votes which come from himself. The other votes really count for jacks*it. While its not as bad as the others he is not the one chosen by the majority. Just himself.

I'm not seeing what you're seeing -

--------cno--------
Total coin issued: 1496147
Total of Voters' Balances: 90811
Percentage of total issued coin voting: 6 percent
Droop Quota: 45405
-------------:
Round:0
Candidates with votes equalling more than 10% of Droop quota
Support: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm (27074)
Support: MVTEcnoRdaxtsBP5JS2e4jwLquBmHZDFSD (23288)
Support: MVTEcnohMwEhdrHWTf69mGBKo3HCHfMz5Q (6888)
Support: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Candidates Eliminated (3)
Candidate Eliminated: MVTEcnohMwEhdrHWTf69mGBKo3HCHfMz5Q (6888)

Candidates with votes equalling more than 10% of Droop quota
Support: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm (27074)
Support: MVTEcnoRdaxtsBP5JS2e4jwLquBmHZDFSD (23288)
Support: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Candidate Eliminated: MVTEcnoRdaxtsBP5JS2e4jwLquBmHZDFSD (23288)

Candidates with votes equalling more than 10% of Droop quota
Support: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm (27074)
Support: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Candidate Eliminated: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm (27074)

Candidates with votes equalling more than 10% of Droop quota
Support: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Candidate Elected: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Surplus Transfer Value: 0
Add grant award to Block MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (53)

Winner Support:

--MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad
-->15167 MG7BQJRFfVjwgoJqXDGy7Sqx6scQr6jRqa
-->7511 MHodpHe3qVMzGKtgcrjwRQdvUTEyaXfHPE
-->6574 MVmEkxcCFVEkMyg2GohFiPKqqrGDBAzrLn
-->967 MABLkGrewRvVC6M3AG5p2nFizNHodaTzM6
-->569 MKLm1ZE4Fk3pvj2mvV3UvgRNWLMRSEXPys
-->12 MHYyMzwDi5nuqwPX3fjG1EiSHnAngDhNpC
-->6 MJ1A6k1soyWYvyAthxQydfCLfXP8k1gbfA
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions compromised
« Reply #36 on: December 27, 2013, 01:37:00 am »

111,000 votes which come from himself. The other votes really count for jacks*it. While its not as bad as the others he is not the one chosen by the majority. Just himself.

I'm not seeing what you're seeing -

--------cno--------
Total coin issued: 1496147
Total of Voters' Balances: 90811
Percentage of total issued coin voting: 6 percent
Droop Quota: 45405
-------------:
Round:0
Candidates with votes equalling more than 10% of Droop quota
Support: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm (27074)
Support: MVTEcnoRdaxtsBP5JS2e4jwLquBmHZDFSD (23288)
Support: MVTEcnohMwEhdrHWTf69mGBKo3HCHfMz5Q (6888)
Support: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Candidates Eliminated (3)
Candidate Eliminated: MVTEcnohMwEhdrHWTf69mGBKo3HCHfMz5Q (6888)

Candidates with votes equalling more than 10% of Droop quota
Support: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm (27074)
Support: MVTEcnoRdaxtsBP5JS2e4jwLquBmHZDFSD (23288)
Support: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Candidate Eliminated: MVTEcnoRdaxtsBP5JS2e4jwLquBmHZDFSD (23288)

Candidates with votes equalling more than 10% of Droop quota
Support: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm (27074)
Support: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Candidate Eliminated: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm (27074)

Candidates with votes equalling more than 10% of Droop quota
Support: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Candidate Elected: MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (30810)
Surplus Transfer Value: 0
Add grant award to Block MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad (53)

Winner Support:

--MVTEcnoqHvr7AWRSBFUSpVCBKcxUfxVEad
-->15167 MG7BQJRFfVjwgoJqXDGy7Sqx6scQr6jRqa
-->7511 MHodpHe3qVMzGKtgcrjwRQdvUTEyaXfHPE
-->6574 MVmEkxcCFVEkMyg2GohFiPKqqrGDBAzrLn
-->967 MABLkGrewRvVC6M3AG5p2nFizNHodaTzM6
-->569 MKLm1ZE4Fk3pvj2mvV3UvgRNWLMRSEXPys
-->12 MHYyMzwDi5nuqwPX3fjG1EiSHnAngDhNpC
-->6 MJ1A6k1soyWYvyAthxQydfCLfXP8k1gbfA
Look at the most recent election. Its now that, except change that address on the top to have 111,000 coins. The rest of the votes equal 15,000. I'm on about 45,000 atm
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #37 on: December 27, 2013, 01:45:25 am »
That is the most recent election. I don't think he has 111,000 coins - that's the same coins being sent to himself over and over again as change. The balance is 15,000 or so.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #38 on: December 27, 2013, 01:51:03 am »
That is the most recent election. I don't think he has 111,000 coins - that's the same coins being sent to himself over and over again as change. The balance is 15,000 or so.
Ah didn't spot that!

Carry on as normal.

Can I have the script for the election result? I would like to create a site with the results or you could give that to the CMO
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline belltown

  • Full Member
  • ***
  • Posts: 107
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #39 on: December 27, 2013, 02:07:05 am »
Can I have the script for the election result? I would like to create a site with the results or you could give that to the CMO

OFFTOPIC: isaacgoldbourne, if you can do it this would be very valuable information for people. You can just put a page somewhere and I will link it from memorycoin.info
How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin - https://bitsharestalk.org/index.php?topic=6684

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #40 on: December 27, 2013, 02:07:48 am »
Yes, i just pushed the new debug commands to github. Check it out, recompile and start with

-debugvote=1 -reindex=1

You'll get a folder with detailed info for each election next to your debug.log file.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #41 on: December 27, 2013, 02:09:31 am »
Can I have the script for the election result? I would like to create a site with the results or you could give that to the CMO

OFFTOPIC: isaacgoldbourne, if you can do it this would be very valuable information for people. You can just put a page somewhere and I will link it from memorycoin.info

Yes - if you could make that debug folder public on the web, it would be very useful info for voters. Maybe do some replacements, putting the candidates names in rather than the voting addresses would make it much more transparent.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #42 on: December 27, 2013, 02:11:04 am »
Yes, i just pushed the new debug commands to github. Check it out, recompile and start with

-debugvote=1 -reindex=1

You'll get a folder with detailed info for each election next to your debug.log file.
Perfect, I'll get that done over the next week then. Probably will just be a very simple site but guess it doesn't need to be very complex does it.
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

emre

  • Guest
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #43 on: December 29, 2013, 02:06:49 pm »
Yes - if you could make that debug folder public on the web, it would be very useful info for voters. Maybe do some replacements, putting the candidates names in rather than the voting addresses would make it much more transparent.

I made a simple web interface. check it out, http://mmcvotes.com

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #44 on: January 06, 2014, 06:23:03 am »
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline MaxPWR

  • Sr. Member
  • ****
  • Posts: 221
  • Sink 2UR Source
    • View Profile
    • Max's Power Plant
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #45 on: January 06, 2014, 08:39:36 am »
My name is Max Power, and I have told FreeTrade that I am his enemy and shall take over everything he has, and takeover all MemoryCoin positions:

pwrcoin.blogger.com

FreeTrade has told me that he shall never support my plans, although he has not told you this yet by acknowledging my signal:

FreeTrade should send 1 vote to: MAXBNDTVdjbCwBwSDU7SCuMBUVcm49afD9
http://pwrcoin.blogspot.com/2014/01/shall-we-play-game.html

His Officers or any other member of the human community may send votes or donations to indicate whether they believe FreeTrade is working for Max Power's Evil Laboratory for World Domination:

http://pwrcoin.blogspot.com/2014/01/distributed-progamming-interface.html

-----------------------------------
Basically: A poll service / community fact-checking / trolling to see if you think FreeTrade, Max Power, and NewMine are the same posters based on our known / confirmed blockchain activity.

It's meant to be thought through like game theory between polar opposites, rather than taken seriously...in order to improve understanding of trade operations...while trying to have fun.

Think of DPR and the Sicilian.
   
You can't stop the signal, Mal. Everything goes somewhere, and I go everywhere.

PWR UP: MAXVTEoYhDfWJjvkNm2ZmUhHpYbsPYuybg

Offline FreeTrade

  • Moderator
  • Hero Member
  • *****
  • Posts: 700
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #46 on: January 06, 2014, 09:14:17 am »
Mad as a bag of hammers.
“People should be more sophisticated? How are you gonna get that done?” - Jerry Seinfeld reply to Bill Maher

Offline btc2084

  • Jr. Member
  • **
  • Posts: 24
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #47 on: January 11, 2014, 09:47:36 pm »
Quote
MemoryCoin 2.0 voting is proportional to the number of coins you own. So if you have 1 MMC that's one vote. If you have 25k MMC that's 25k votes.

Hello people?  Is this some sort of democratic "voting"?  No.

Isn't this the definition of a corrupt voting system?

So basically except for the "1-percenters" your vote is worthless.  So what's the point? 

The whole memorycoin2.0 "voting system" seems like a corrupt gambling system for the top owners of the coin.  Whoever can accumulate and vote enough on themselves will take the pot.  No leadership nor vision is required, only the desire for power and wealth and risk.

So many things about this coin are clever and so many seem idiotic and doomed.  Am I missing something or is this voting system just completely dumb?

Offline seraphim

Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #48 on: January 11, 2014, 09:54:27 pm »
Got a better idea for weighting the votes?
Using a one-vote-per-address system would lead to people creating addresses like crazy, which would in the end also be won by the biggest holders.

You can suppose the biggest holders to have the greatest interest in a successful coin, so it's not too bad. More important is a good assortment of candidates.
Meet you on STEEM

Offline isaacgoldbourne

  • Sr. Member
  • ****
  • Posts: 322
    • View Profile
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #49 on: January 11, 2014, 10:13:37 pm »
Quote
MemoryCoin 2.0 voting is proportional to the number of coins you own. So if you have 1 MMC that's one vote. If you have 25k MMC that's 25k votes.

Hello people?  Is this some sort of democratic "voting"?  No.

Isn't this the definition of a corrupt voting system?

So basically except for the "1-percenters" your vote is worthless.  So what's the point? 

The whole memorycoin2.0 "voting system" seems like a corrupt gambling system for the top owners of the coin.  Whoever can accumulate and vote enough on themselves will take the pot.  No leadership nor vision is required, only the desire for power and wealth and risk.

So many things about this coin are clever and so many seem idiotic and doomed.  Am I missing something or is this voting system just completely dumb?
I can create a script in just a few minutes that creates an infinite number of addresses and votes for me from each, would you rather that happened? Or would you rather it was centralised like ripple?

Any publicly tradable corporation acts the same way, one share = one vote.
MemoryDice now available! https://bitsharestalk.org/index.php?topic=1886.0
 Vote for me to be CNO of memorycoin if you want these services. Just send 1 satoshi!
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm

Offline MaxPWR

  • Sr. Member
  • ****
  • Posts: 221
  • Sink 2UR Source
    • View Profile
    • Max's Power Plant
Re: CSO / CMO / CHA positions (no longer) compromised
« Reply #50 on: January 12, 2014, 12:46:40 am »

So basically except for the "1-percenters" your vote is worthless.  So what's the point? 


You can make a vote worth more by changing what the address represents within the community, as-in how you market that address on your site.

If that address is a poll / opinion result from visitors on your website, code on other sites or DACs could use the number of votes on the blockchain and update content / adjust performance.


You can't stop the signal, Mal. Everything goes somewhere, and I go everywhere.

PWR UP: MAXVTEoYhDfWJjvkNm2ZmUhHpYbsPYuybg