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throwaway_ocr | 3 years ago

The thing I don't understand is the concept "majority" in the crypto space. There is no way to prove that one person doesn't control the majority of the voting power. If I own a large portion of the supply split across several hundred wallets and I vote one way, smaller owners may be influenced by the appearance of hundreds of votes being cast one way vs the other. We see this in the real world, where some people are willing to just vote for what they think is the majority sentiment when they don't have strong opinions on a matter.

I've heard arguments along the lines of "those with more invested into the project should have more voting power" but that to me just sounds like an incentive to centralize.

If I'm a small player, I either go with the majority or see my investment become worthless, or in a fantasy world where crypto is used for anything other than wild speculation, I see my utility greatly diminished as I'm no longer able to interact with the "majority". Sure, I might still be able to interact with those left behind, but the pressure to move over to the majority fork is going to pull more and more people towards that.

I see federation of content as a much more approachable means to re-decentralization of the internet.

We still rely on centralized DNS. As we still rely on ISPs to make sure our packets can leave our local networks, and on international treaties to make sure we can communicate with networks in other countries, but unless you want everyone to start developing and maintaining a decentralized physical computer network for free, we'll always need to trust a number of institutions to do this thing where we can communicate with someone on the other side of the world within a few milliseconds.

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rglullis|3 years ago

Voting has nothing to with the consensus mechanisms to determine who is allowed to choose what block is appended to the chain. Why are you bringing up "voting" into the discussion here?