Your right every project is like this, I just don't

Question

Your right every project is like this, I just don't

like the mockery of governance .... but how does one create "fair" in an anon decentralised environment? After all a one vote - one count could easily be manipulated by bots? Voting power seems to be the answer- but when one person rolls over hundreds of others whats the point of raising these questions to begin with? Is my point.

#cryptocurrency #english #iotex

0

05.08.2023

4 ответов

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ER1K_V1K1N9 Автор вопроса

Marcos Dinnerstein
Hey Erik! Hope things are good with you. I agree w...

Like i hinted at before - When one engages in these kind of discusions i dont want to harp on about it because I feel like I am poking holes in the air balloon without a parachute... What do I feel is a better model? Haven't found it yet... tbh. I am a little intrigued as to what happened to pantheon all those years ago? That seems fairer than one vote steam rolling 187.

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07.08.2023

C

Marcos Dinnerstein
Hey Erik! Hope things are good with you. I agree w...

Whats decentralized? Missing a solid definition tbh , a lot if buzz words sure...but either Aws node % or gov model .. suspect its more in adoption of blockchain tech itself. For purpose not quick gains in usd wise

0

07.08.2023

Marcos Dinnerstein

C
Whats decentralized? Missing a solid definition tb...

There are a few well defined definitions of decentralization. Probably the most widely used/known is the Nakamoto Coefficiennt. (skip this post if you already know this stuff) This definition or measure of decentralization gives a score based on these properties: Total number of validating nodes Node distribution across countries Mining rewards Clients: The number of users per client Developers commits Exchange Volume Owners: The distribution across individual addresses We might also measure how many of the nodes are hosted by individuals vs. hosted on a cloud server. If IoTeX’s FastBlocks were to become the majority way that nodes were hosted on IoTeX that would be a vulnerability for the chain. (I don’t see that happening so it remains just one of a few options for becoming a delegate) Anyway, creating different node types at different price levels is a good thing. That allows people who don’t have deep pockets to be part of the mix. That’s my two $IOTX.

0

08.08.2023

Marcos Dinnerstein · Accepted Answer

Hey Erik! Hope things are good with you. I agree with your statement that IoTeX (and other fairly young chains) is not yet decentralized. But how do you see young protocols evolving into a truly decentralized system? Is it a matter of just needing to become more popular, i.e. scaling, or is it in the governance model? Other than Bitcoin and Ethereum, what tokens can be said to be really decentralized now? Anyone else with an informed opinion, chime in.

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Your right every project is like this, I just don't

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