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There are ways to reduce this issue but yeah you are right. For example, you could require people to be staking X for Y period of time in order to vote. You cou
by exdsq 4y ago
There are ways to reduce this issue but yeah you are right. For example, you could require people to be staking X for Y period of time in order to vote. You could have a voting system that picks voters in advance so you can't suddenly generate accounts before the vote you want to abuse is called. You could analyse accounts and not allow 'fake looking' accounts much in the same way you can spot fakes on Twitter. In fact I'm currently building such a tool for NFT collections to try help people avoid ones with dodgy buyer behaviours.
Also as the other user posted, gas fees would cripple you on Ethereum. Pretty sure I spent $50 sending some money somewhere earlier.