Let's combine dPOS with capitalism and a bet market instead of the flawed witness-election and SPS which is highly centralized.
We have plutocracy on steem rn, in capitalism (like a betting market combined with SPS) people loose if they bet on shit... and winning if they've bet on a good idea-
In our plutocracy there are always the same people deciding, cuz they don't face consequences for their decision like in capitalism..
Let's finally incentive good ideas and growth instead of running after people with big stake (who only care for profit - that's not always the best for the chain) /look at drug dealers who just searched for a money-wash-machine on the btc forum, when steem launched
All your rhetoric makes me feel warm and fuzzy inside, but my mind is blank. The devil's in the details. How would this actually work?
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It's actually @lauch3d 's rhetoric and idea!
I just try to bring it to the community. Make the stone start rolling :)
Sadly I'm in stationary pain therapy rn and very limited..
But I'm putting time into thinking. As many others do.. And I think we can start a beautiful chain with sooo much potential!
I bet lauch3d can tell you a bit more about how it may work.. :)
But we all need to work together, think together, have conversations.
It's finally time.
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Thanks. Yes, thinking is good and the freedom to think on-chain should be protected.
Changes can happen during a crisis, not always after one, when parties are sitting at their comfy chairs once again.
DPOS on its own is not working as there is very little feedback to attenuate the plutocratic convergence. I also like some randomising elements, just as in real life. But this needs a broader forum in which to discuss these issued. I'd happily open up my discord channel.
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Betting markets, eh? Putting your money where your mouth is, letting the efficient market show where the truth lies.
That's very nearly like doing a Proof of Stake consensus... to govern your Proof of Stake consensus.... I like it!
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