4 ms·

> formal governance by the owners of the tokens. It is also proof of stake from the beginning. You mean the innovation that 50% can trivially rewrite history,

• bshanks 9y ago
  80%, i think: https://github.com/tezos/tezos/blob/master/src/proto/alpha/amendment.ml https://github.com/tezos/tezos/blob/master/src/proto/alpha/a... (imo 80% is more than enough to prevent shenanigans -- in most contexts anything even slightly controversial cannot get near 80% support. And in this case, the voting is weighted by stake, and the market value of the Tez would presumably decrease if shenanigans were pulled; Tez-holders would probably be reluctant to do something that is both wrong and also would clearly decrease the value of their holdings. In fact i think the threshold for amendment should be lower than 80%; i might chose 67% if it were up to me)