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RE: Pinkcoin has created "a manifesto for a better world".

in #cryptocurrency7 years ago (edited)

To many down votes results in being banned (with a refund) while the more up votes you get the more staking rewards you receive from the pool.

So any large enough charity / group with an ax to grind can jeopardize any other charities?

I expect this to happen. Especially between charities / groups which similar but competing goals. Examples would be

Feminism vs Mens rights activism. Both fight for the equality of the gender but with a slightly different emphasis. Here I expect feminist to maliciously downvote.

Question: What are the safeguards against maliciously downvote / false accusations?

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It seems you misunderstood. The trollbox with the voting mechanism(https://www.trollbox.io) is completely separate from Pinkcoin itself. It's made by a freelance programmer as a side project to prove that Pinkcoin could be used as a foundation for something else. I (@MyEmpireOfShit on steemit and twitter) met him in Pinkcoin's discord chat room and have been in direct contact with him about his future plans to disassociate from PINK to some extent, at least by allowing third-parties(such as Bittrex or Poloniex, for example) to use his code on their own sites, with a selection of other PoS coins to use as a foundation instead on a case-by-case basis.

Oh and by the way, a safeguard from wrongful downvotes within the trollbox affecting one whatsoever is review from a moderator(he goes by "Cappo" at trollbox.io) before the banning takes place.