BlogHide Resteemsbitcoindoom (56)in steem • 8 years agosteemCreated with Sketch.Why Down Votes and Flags are an Unavoidable consequence of Game TheoryIt has been suggested that Steem should adopt an "up vote only" system for allocating rewards. I want to demonstrate how this is impossible in a decentralized system. The real goal is to eliminate…bitcoindoom (56)in steem • 8 years agosteemCreated with Sketch.Surity Bonds - Decentralized Accountability for Actions that Harm CommunitySteem suffers from a problem where rewards from voting abuse are privatized while the costs associated with the behavior are socialized. A sustainable system needs to have well balanced rules. For…bitcoindoom (56)in bitcoin • 8 years agoWhy Bitcoin will never be as secure as a BankThe probability of losing your Bitcoin balance is orders of magnitude higher than the probability of losing your banking balance for the vast majority of people. The typical response is that you…
