Is Coin Voting Bad Idea for Web 3?

in Threespeak2 years ago (edited)

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Is Coin Voting Bad Idea for Web 3?

Or is having a Premine in the voting system the main problem?

You can't have a good coin voting unless you have a good decentralized foundation without premine. Coin voting has to have a fair distribution, no ICO, no company.

Primine leads to multiple problems. Regulators will have an easy take on the network. Owners of the premine are stuck with a few bad options.

  • Not using the coin for voting.
  • Not selling it.
  • Selling and dumping it on the community.
  • Using it to vote and centralizing it.

Check out the full episode of Community Token Talk:


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