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Aniela-

Bilal 🗯️ (@bilalgorand) Tweeted: MY $ALGO $FAME FAM ✊🏻✊🏾✊🏿 We all know

we have a plutocracy problem with the @Algorand governance since the biggest wallets will decide on option A or B. https://t.co/4khSI2sr89 https://twitter.com/bilalgorand/status/1450427873987334149?s=20

#algo #cryptocurrency #english
0

9 ответов

7 просмотров
Aniela- Автор вопроса

If true, the whole governance program is bs. There should be one vote per wallet. Or a cap on how much a user can stake

0
20.10.2021
Aniela- Автор вопроса

Guys!? This is a huge issue. Why doesn't the foundation address this?

0
20.10.2021
Giulio-
Aniela
Guys!? This is a huge issue. Why doesn't the found...

It’s called Proof-of-Stake. It’s how Algorand works!

0
20.10.2021
Adam-Robson
Aniela
If true, the whole governance program is bs. There...

Then you’d just use multiple wallets to get the same results as using one.

0
20.10.2021
Jason-

Honestly, if you think this is a problem (1 algo, 1 vote) algorand is probably not the blockchain for you. Out of curiosity, can you point me some other blockchain that has any governance at all?

0
20.10.2021
Aniela- Автор вопроса

Obviously. Still should search for a solution. Combining wallets and kyc maybe. Kind of a decentralisation-annonimity tradeoff

0
20.10.2021
cc1742x-
Aniela
Obviously. Still should search for a solution. Com...

What I believe @patrick_crypto is talking about is called a Sybil Attack. A problem for sure.

0
20.10.2021
Bilal-

That doesn't solve it as a big wallet could create many small wallets

0
20.10.2021
Aniela- Автор вопроса
Bilal
That doesn't solve it as a big wallet could create...

Obviously. I know. But solutions can be found. Quadratic vote?(will look into it asap) Or maybe combine that wallet stake cap with kyc info/captchas/wallet age etc.

0
20.10.2021

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