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RE: Blockchain Generations: From Bitcoin to Smart Contracts and Graphene
Yeah, otherwise it would be impossible to do without proof of identity. People could just use bots to create 1000's of accounts and take a major vote-stake ^^
100% right @droucil, the stake strength is off course also not safe and especially a 'power to the rich' thing. If e.g. here on Steem, the Steemit account - who has 35% of shares - makes 20 witness votes, that will be the top 20 witnesses i guess.
You could argue that share holders are not interested in destroying their own wealth but a witness majority could theoretically e.g. change the rules to give even more power to themselves.
Decentralisation ain't easy :-)
@Dan not too long ago made an article about the need for identity in order for good governance, link. I think he makes a valid point as it would make the possibility for a true democratic model. One could argue that anonymity is more important, but I do believe this full transparency might cause for a real game changer.
Yes, i have read that article, it was nice to see that @Dan still cares about his older children. He is right but i would miss to have a 2nd anonymous account, curious if something like that will happen.
Oops, i just noticed i was not following you yet after all these nice chats :-) I see you everywhere around lately, looking into the 'Arise is a scam' thing.