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
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
Guys!? This is a huge issue. Why doesn't the foundation address this?
It’s called Proof-of-Stake. It’s how Algorand works!
Then you’d just use multiple wallets to get the same results as using one.
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?
Obviously. Still should search for a solution. Combining wallets and kyc maybe. Kind of a decentralisation-annonimity tradeoff
What I believe @patrick_crypto is talking about is called a Sybil Attack. A problem for sure.
That doesn't solve it as a big wallet could create many small wallets
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.
Обсуждают сегодня