To count as votes, coins must be in your designated voting address at a certain voting blockheight deadline. Since two coins cannot be in the same address at the same time, you cannot use the same coins to vote twice.
User's votes are weighed based on how much they have at stake one coin = one vote and not on the notion of one person = one vote for two reasons:
(1) The bigger stake you have in the outcome of a decision, the bigger your voice should be. Votes are non-binding polls so ultimately devs and mining pools still make the final decision but now Bitcoin owners can indicate their opinion on development controversies.
(2) A one person = one vote is inherently incompatible with a truly decentralized blockchain voting system because a trusted-third-party is required to ensure that each person gets one, and only one, vote. CryptoVoter requires no trusted-third-parties and only provides an option to automatically do what users can do themselves to propose, cast and audit votes.
Topic: [2015-09-17]CCN-CRYPTOVOTER BRINGS DECENTRALIZED VOTING TO BITCOIN... (Read 508 times)
September 17, 2015, 04:59:31 PM
September 16, 2015, 05:22:45 PM
I read that article and I still don't understand how developers of that voting platform are gonna disable multi voting.
From what I could see you are eligible to vote when you have any amount of bitcoin in your wallet, and that is the only condition.
From what I could see you are eligible to vote when you have any amount of bitcoin in your wallet, and that is the only condition.
September 16, 2015, 05:02:30 PM
CRYPTOVOTER BRINGS DECENTRALIZED VOTING TO BITCOIN; ON OCT. 23, VOTE TO INCREASE THE BLOCK SIZE
A decentralized, open-source voting platform called CryptoVoter allows bitcoin holders to vote on bitcoin development issues. The value of each voter’s vote is proportional to how much bitcoin they own, making the system similar to a shareholder referendum.
Introduced by startup Lewes, Del.-based Blockchain Innovation Labs Inc., the CryptoVoter uses the block chain to cast and audit votes. The questions are proposed by bitcoin holders.
After each poll deadline, the system scans wallet balances of addresses associated with the votes and automatically calculates the total for each answer and displays the results.
https://www.cryptocoinsnews.com/cryptovoter-brings-decentralized-voting-bitcoin-oct-23-vote-increase-block-size/
A decentralized, open-source voting platform called CryptoVoter allows bitcoin holders to vote on bitcoin development issues. The value of each voter’s vote is proportional to how much bitcoin they own, making the system similar to a shareholder referendum.
Introduced by startup Lewes, Del.-based Blockchain Innovation Labs Inc., the CryptoVoter uses the block chain to cast and audit votes. The questions are proposed by bitcoin holders.
After each poll deadline, the system scans wallet balances of addresses associated with the votes and automatically calculates the total for each answer and displays the results.
https://www.cryptocoinsnews.com/cryptovoter-brings-decentralized-voting-bitcoin-oct-23-vote-increase-block-size/
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