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What I don't see covered is the following problems: 1. Do people have to buy points from miners? 2. What prevents someone from buying lots of points to promote

by eis 11y ago

What I don't see covered is the following problems: 1. Do people have to buy points from miners? 2. What prevents someone from buying lots of points to promote their content?

clarkmoody 11y ago
1. Not sure. 2. It looks like the transaction sizing rules make it exponentially expensive to upvote multiple times.
- colordrops 11y ago
  Could you elaborate on how it is exponentially expensive? I don't see how that would work. If 100 people are allowed to vote on a topic with this system, then one person with 100 sock puppets should be able to vote on a topic, as there isn't a technical difference.
  - eis 11y ago
    That's also how I see it. There is nothing exponential about it. The cost for someone using a sockpuppet to vote for a post is exactly the same as for anyone else. So either you have to make it really expensive to vote and that would make this a no-go or you end up with cheap advertisement that you can't even block easily. There is one trait to this system that is interesting: the cost to promote your content goes up with the rate of popularity of other posts. Kinda like in the real world where advertising on a popular page costs more than on a random blog. But because there is no limit as to how many people would try to advertise, the whole content would soon be pure ads.
  - clarkmoody 11y ago
    It looks like funding all those sock puppets with coin would cost lots of money. From the slides: Sending 10 points to someone would require 10 addresses with at least 2 points each. Creating 10 addresses with 2 points each would require 10 transactions of 4 points each, meaning 40 points. Those 10 addresses require the same funding amount whether from sock puppet accounts or from one account. Perhaps it's not exponential though.
    - eis 11y ago
      Well to acquire a point you can use in voting would have to get one from a miner. That would be the same, no matter if you are a real person or an advertiser/spammer. Unless you gained points before with your own content. Even if the price would be 4x the amount of the cost of other votes, it can't be a deterrent because 4x a little amount is still a little amount. If a vote costs 1 cent then the spammer would pay 4cent. Not a big deal.

by eis 11y ago

What I don't see covered is the following problems: 1. Do people have to buy points from miners? 2. What prevents someone from buying lots of points to promote their content?

clarkmoody 11y ago

1. Not sure. 2. It looks like the transaction sizing rules make it exponentially expensive to upvote multiple times.

colordrops 11y ago
Could you elaborate on how it is exponentially expensive? I don't see how that would work. If 100 people are allowed to vote on a topic with this system, then one person with 100 sock puppets should be able to vote on a topic, as there isn't a technical difference.
- eis 11y ago
  That's also how I see it. There is nothing exponential about it. The cost for someone using a sockpuppet to vote for a post is exactly the same as for anyone else. So either you have to make it really expensive to vote and that would make this a no-go or you end up with cheap advertisement that you can't even block easily. There is one trait to this system that is interesting: the cost to promote your content goes up with the rate of popularity of other posts. Kinda like in the real world where advertising on a popular page costs more than on a random blog. But because there is no limit as to how many people would try to advertise, the whole content would soon be pure ads.
- clarkmoody 11y ago
  It looks like funding all those sock puppets with coin would cost lots of money. From the slides: Sending 10 points to someone would require 10 addresses with at least 2 points each. Creating 10 addresses with 2 points each would require 10 transactions of 4 points each, meaning 40 points. Those 10 addresses require the same funding amount whether from sock puppet accounts or from one account. Perhaps it's not exponential though.
  - eis 11y ago
    Well to acquire a point you can use in voting would have to get one from a miner. That would be the same, no matter if you are a real person or an advertiser/spammer. Unless you gained points before with your own content. Even if the price would be 4x the amount of the cost of other votes, it can't be a deterrent because 4x a little amount is still a little amount. If a vote costs 1 cent then the spammer would pay 4cent. Not a big deal.