As many people already know, our network has vulnerabilities regarding governability and I already addressed those in another post.
Another user(@onealfa) posted an idea that made me consider another point regarding security.
I disagree with his position of valuing more votes from older accounts, but I think we should have a chronological safeguard to prevent another Coup d'etat in the Blockchain:
The Idea:
- All SP influencing the account, acquired by either Power Up of Delegation should have a 7-day gap before beginning to affect Witness vote positively;
- All votes casted to witnesses should only be computed 2.5 days after been casted.
- Power-down, undelegation or uncasted votes have immediate effect on witnesses.
Justification:
- Such measures would give the whole community plenty of time to come up with a strategy in case of hostile takeover.
Further Thoughts
- Just reminding whoever comes to read this article that such measure should be implemented alongside others, like the Vote Dilution and Vote Expiration.
- Vote Dilution I believe is the best suited measure against a single party controlling the whole Security Council
- Vote Expiration is to prevent dead accounts from influencing the living ones;