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The future of blockchain platforms

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sponsorship_system_changes [03/27/2021 02:59] – gfactorsponsorship_system_changes [12/02/2021 03:44] – [Here are the FACTS] gfactor
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 ====== Sponsorship System Changes ====== ====== Sponsorship System Changes ======
 +{{:qortal_official_logo_transparent_.png?400|}}
  
 Here we will discuss the concerns with current sponsorship system and ideas on what changes should be voted on when the Voting System is implemented (next big development implementation on Qortal)! This page is intended to get the conversation started and prepare us to immediately move on voting as soon as the Voting System is ready (which is the next big development in this current phase 2). Here we will discuss the concerns with current sponsorship system and ideas on what changes should be voted on when the Voting System is implemented (next big development implementation on Qortal)! This page is intended to get the conversation started and prepare us to immediately move on voting as soon as the Voting System is ready (which is the next big development in this current phase 2).
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   * There is and always will be bad actors who attempt to game systems at large, especially in the crypto world. Especially with a project that aims to truly decentralize the infrastructure of the Internet and provide a new economic system for the world to benefit. It is the early adopter's responsibility to think ahead and do what we can to combat the possibilities for disingenuous activity on Qortal's platform. Qortal is intended to be an infrastructure and ecosystem to outlive us all, and IF done right, is certainly possible.    * There is and always will be bad actors who attempt to game systems at large, especially in the crypto world. Especially with a project that aims to truly decentralize the infrastructure of the Internet and provide a new economic system for the world to benefit. It is the early adopter's responsibility to think ahead and do what we can to combat the possibilities for disingenuous activity on Qortal's platform. Qortal is intended to be an infrastructure and ecosystem to outlive us all, and IF done right, is certainly possible. 
   * The threat at hand with "gaming" the system is that it only takes approximately 14 months for a newcomer to reach Level 5 from Level 1. At that time, the Level 5 account can then begin sponsoring their own duplicate accounts at the rate described above (approximately 30 per month). Now imagine if these same bad actors created multiple accounts and intend to exponentially game the system.   * The threat at hand with "gaming" the system is that it only takes approximately 14 months for a newcomer to reach Level 5 from Level 1. At that time, the Level 5 account can then begin sponsoring their own duplicate accounts at the rate described above (approximately 30 per month). Now imagine if these same bad actors created multiple accounts and intend to exponentially game the system.
-  * The result is and will be two-fold: unfair block reward distribution and overpowering voting influence in the Voting System. So ultimately, both the integrity of the block rewards and voting will be compromised! Do you get the big picture!?+  * The result is and will be two-fold: unfair block reward distribution and overpowering voting influence in the Voting System. So ultimately, both the integrity of the block rewards and voting will be compromised! 
 + 
 +===== Future Modifications ===== 
 + 
 +Solutions are being considered for both modifying the sponsorship and minting systems. You can read more about it on the [[Future Modifications]] wiki page.
  
-Join us in the ‘Voting System’ channel in Discord for this discussion. 

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