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No. True decentralization requires proof of person. Proof of work, stake, capacity, etc. all make it possible for a single person to buy their way into higher v
by anonytrary 6y ago
No. True decentralization requires proof of person. Proof of work, stake, capacity, etc. all make it possible for a single person to buy their way into higher voting power.
- runeks 6y agoYou can always buy people’s votes. Regardless of who holds the voting power.
- anonytrary 6y agoYou are right... I think it might be unsolvable. Nothing stops two people from conspiring to vote in the same direction. Either party A and B decide (off-network) to vote together, or party A pays party B to vote in the same direction. I don't see a way to solve the problem. Crypto is next-generation wealth redistribution technology, but it is likely that "true decentralization" is a utopia. At the end of the day, people are gonna listen to their family and friends before anyone else, hence vote polarization and pockets of centralization.