2 ms·
> The ultimate disintermediation is governance. With strong cryptography and smart contracts new forms of governance are possible such as liquid democracy. How
by throw100010 5y ago
> The ultimate disintermediation is governance. With strong cryptography and smart contracts new forms of governance are possible such as liquid democracy.
How can the network know that two people with ordinary CPUs are two distinct people, while that person over there with an AntMiner isn't 1000 people, even though their relative PoW output suggests they are?
Tying the mathematical world to the real world has always been a problem with these schemes.
If it can't tell a group of people from one person with a mining rig, then the liquid democracy becomes one dollar one vote rather than one person one vote, and we all know how democratic that is.