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RE: Privacy Coin Forks and Hacks

in #bitcoin7 years ago

I don't have any Verge. I agree that it's better or it to happen while the value is low so that not as much is lost. If it's not a project that will be able to protect itself, then it's better for the losses to happen now.

I don't know what the solution is to the issues here on the Steem blockchain. One solution could be that anyone with SP over 50 that has been active for over a month gets a delegation from Steemit of 500 SP or something. (I know it's not a foolproof idea, so please just take it as brainstorming.) By having established accounts (not just noobs) get the bonus, then you don't have too much advantage to alt accounts, but you do dilute the value of Steem a bit because more people will have access to more voting power. This will reduce the power of the individuals who self-vote like that.

It's probably not the most elegant of solutions, but it's an idea. I hate seeing people who are so short-sighted that they'll devalue the asset they hold just so they can make money now. The reason Steem has value is because people want the tokens. If they don't enjoy the Steeming experience, they leave and the demand goes down. Or they leave and stop producing content which adds value. I think it's important not to censor, but since Steem is still in its infancy and needs a hand getting going, Steemit might need to take more drastic measures.

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Eh, I think the 500 SP idea would encourage a ton of alts, and we'd see abuse. If you can abuse it, people will.

Best to focus on getting upvotes to those with great content.

Not if they implement the idea within a week of announcing. That's why there's the 1 month old requirement. Like I said though, it's not a solution, just an idea.

Like you said, focus on the content. :)