You are viewing a single comment's thread from:
RE: Fact: Steemit Sybil Attacked the Steem Blockchain
Are there other high value DPoS chains doing 1t1v?
I'm open to pushing for changes, for sure, but please also recognize exchanges voting with customer stake to Sybil attack a chain is unprecedented. It was always a theoretical risk, but was previously considered low probability.
I can't offer a solution at the moment because i haven't spent enought time to research. But there a good start to solve is the fact that 1 stake can vote 30 times. The bigger stakes are the ones defining who are the witnessess. It would be like whoever got the most money decided who the country congressman are.
There is consensus, but no discussion if all congressman have the same agenda.
But using exchanges stakes to help the attack is no different than buying a shitton of tokens and doing the same thing.
Even if it was a theoretical risk with low probability it was a risk with high damage effect.
In risk management you don't only consider the probability, but how big is the damage if that event happen.