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bitcoindoom (56)in #steem • 8 years ago
Why Down Votes and Flags are an Unavoidable consequence of Game Theory
It 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…
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bitcoindoom (56)in #steem • 8 years ago
Surity Bonds - Decentralized Accountability for Actions that Harm Community
Steem 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…
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bitcoindoom (56)in #bitcoin • 8 years ago
Why Bitcoin will never be as secure as a Bank
The 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…
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