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Core values and principles #10
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• Interaction Specific T&Cs: responsibility stack, embedded Code of Conduct • Managed Commons: to represent the interest of shared resources and the interest of us all collectively in objective manner • Delegated Engagement: thinking of stackers' locking in STX to earn interest is evident, to make stacked amount of STX active, stackers required to engage with listed tasks or surveys voting etc., once all funds are active by engaging enough, the unlocking of interest earned are tied to activity. |
I'm not against this, just posing a theory, it might be trivial concern: |
Good question! Short answer: yes, a bad actor can always slow down or in theory even block transactions from being processed by flooding the network with transactions that pay higher fees - depending of course on the throughput of the network. That's the network working as it's designed to. Our goal here would be good economics (cryptoeconomics!): it should be prohibitively expensive to carry out this sort of an attack. And the person submitting the "important vote" transaction should be able to pay a high enough fee to prevent it. That transaction has an advantage: if the fee they pay is $N (say it's In slightly more technical terms, we want to limit the ability of an attacker to carry out a "griefing attack" against the network, where it costs them less to attack than it costs someone to defend. |
Appreciate your response. Yepp, make sense to game out such attempts and I believe that is the right approach to do it. If voters are meant to be incentivized for their voting activity, then tx fees may cancel out their incentives to participate. Especially in a situation, where the result would negatively impact one set of voters, but 'not negatively' affect another set of voters: I guess, it's a pretty complex scenario, but probably a very common one, that touches people's sense of justice, hence I believe it needs to be translated in to core values and principles. |
What sort of votes, and what sort of incentives, are you talking about? |
Can’t Be Evil principles should be prominent not just a side note. |
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