I can imagine a situation where people donating about 100 VRC are holding as strong of a vote as someone who donated 100,000. You could get trolls coming out of no-where, getting together, and throwing 100 VRC each to swing votes in a direction that may not represent the community properly. I think weighted votes are the only way to do it.
Something like:
100VRC-1000VRC donated = 1 vote
1001VRC-10,000VRC = 2 votes
10,001VRC-30,000VRC = 2.5 votes
30,001VRC-50,000VRC = 3 votes
Just an example.. I'm sure it could be structured fairly, albeit I'm not the best to go for advice on this but it seems like a fair method to me...
I have to agree. No matter what we think things are not equal. If someone has a lot more money invested then be they should have more say because they have much more than me to loose. Same with people with less then me. If I am top dog I sure as hell do not want someone that has .0001% of what I have invested running how my money is handled.
Obviously, the vote of how to spend the donations should be by those who go now and donate with each coin being 1 vote. Anything else is wholly unfair.
100 VRC donated = 100 votes
50,000 VRC donated = 50,000 votes.
That is what weighted means and that is why I believe James choose the word "weighted" when he first donated the coins back to the community. Very simple and fair.
correct
golden rule applies to these things
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The above attitudes are the driving forces behind corruption. (see Kevondo's Rule . "EveryBody Counts")
The "Haves" can Buy their way in and have it their way.
The conundrum is how to insure a truely democratic vote.
Pehaps James can come up with a Block-Chain Two, voter registration solution, that gives one vote to each community member regardless of level of wealth. This would be a 'Game Changer" for all of socitey. A secure, tamper proof, mechinism for conducting a vote within a pure Democratic, one person/one vote, all people are equal, entity.
This solution would have to insure "anonomity" to satisfy some.
--OR--
Maybe we should deterimine if VeriCoin is based on Democratic principles. One vote for each VRC owned is NOT how a Democracy operates.
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James. The Golden Rule I know is "Do unto others as you would want done unto you."
If some Whale came in and contributed 500,037 VRC he would hold a majority of the coins.
In the case of a 2/3 majority being needed the Whale would only have to get holders or proxies from other holders of slightly less then 170,000 VRC to win control. The amount needed for control could be reduced further by additional contributions by the originating, Big Buying, Whale.
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