added by Mo Shafieeha ยท updated 2y ago
In Defense of Coin Voting
- Coin voting governance empowers coin holders and coin holder interests at the expense of other parts of the community
from Moving beyond coin voting governance by Vitalik Buterin
sari added
- Coin voting fails because while voters are collectively accountable for their decisions (if everyone votes for a terrible decision, everyone's coins drop to zero), each voter is not individually accountable (if a terrible decision happens, those who supported it suffer no more than those who opposed it). Can we make a voting system that changes thi... See more
from Moving beyond coin voting governance by Vitalik Buterin
sari added
- There are two primary types of issues with coin voting that I worry about: (i) inequalities and incentive misalignments even in the absence of attackers, and (ii) outright attacks through various forms of (often obfuscated) vote buying.
from Moving beyond coin voting governance by Vitalik Buterin
sari added