Please look up decentralized id systems sir
What are the ways to prevent Sybil attack?
1 Identity validation. withdrawals do require verification of valid accounts if they want free money.. as far as memo user interface works more like hive where individual users give up their coins to others on posts 2 Social trust graphs. 3 Economic costs. transactions cost on memo.. front end so that discourages scammers 4 Personhood validation. through social media keys and or decentralized id systems that are commonplace now 5 Application-specific defenses. coins are minted based on attention value and time energy. in other words activity
How do you not realize that as the value of MYK increases exponentially this gives exponentially more incentive to Sybil attack the network? Seriously, how? It's EASY to make multiple Facebook accounts.
Facebook estimates that 5 percent of its profiles are fake, or more than 90 million accounts, a figure that hasn't budged for more than a year.
Do you think you're the first one to try UBI?
first to try it this way as it forks bitcoin and imposes a tax on bitcoin to pay for it.. several bitcoin forks became billion dollar projects.
In conclusion only about 90 million facebook accounts were considered to be fake if you want to use that as an example. THe value of facebook is in the trillions... so my question to you is.. would you rather have a trillion dollar economy problem? or would you rather have a problem with maybe and i'm being generous here 10,000 active users with very low liquidity? I'm sure you're a smart guy
I bid you to go find any ubi program that is better put together than ours. we've tried everyone we tested came back and said bitcoin myk and bbd are the best ubi projects we've found to date.. we trade we have deflation they don't we fork bitcoin they don't.
https://www.youtube.com/watch?v=VWpVOvHhDrc&t=376s
trying to remove the coins once they are in a state of flux similar to hive upvotes before you're paid will intiate verification of your personhood. unless you're on memo then community members decide who gets what from their own stacks...charities and foundations are worth billions of dollars. we're a system we're not a ponzi scheme or pennystock like many of you guys look for.. we building an economic system not a get rich quick scheme and currencies are the best way to spread economic prosperity not store of value
You're not that naive to believe charities and foundations aren't worth tons of money are you?
stringent kyc matters are only for people just seeking free coins....it's still a bitcoin fork like any fork...and again the system can be used without id matters on memo... we also use a similar function to proof of humanity or juror groups who are elected not based on their stake or influence but identified community members who serve well can delete accounts through group votes. So we have many things in place to deal wtih this issue but no system is 100% not even hive.. how do you know witnesses won't collude? you don't know.. so none is perfect but if i had to choose one.. i'd 'choose the trillion dollar market cap problem and not the ranked 200 place coin problem.
in decentralized id systems nobody holds your personal data.. an ai identifies your personhood and stops sybil attacks.
it wil work you're wrong again.. our economy is shit.. we moving into ai and robotics where people not going to be seeking to fund projects anymore you behind the times my friend.
Posted Using LeoFinance Beta
