The Seen and the Unseen - hosted by Amit Varma cover image

Ep 342: Vitalik Buterin Fights the Dragon-Tyrant

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

The Impossibility of Bribes in Coin Voting

The problem is, if you have a some number of coins, I can bribe you to vote in some different way. And so what could happen is if there's a million people that are making a decision, then even though each person is one millionth of the deciding power, and each person is like has in evaluate what gets a value from the decision, which is like a millionth of total value. So I can basically bribe a like most people to give vote for a decision that actually creates a tragedy of the commons or pushes the system toward collective ruin. But this is not just theoretical, right? This like the crypto space is very inventive. There are a lot of ways to bribe

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