Cyber Republic Weekly Update 23

CYBER REPUBLIC Weekly Update/Issue 22
As you said in your question, the fact that I haven’t participate in the actual Supernode elections
so far does not mean that I give up the rights I have to participate.
DPoS is a well-known consensus mechanism,and I should not be seen as a rule maker.Consensus
is open and transparent to the community and embedded in the program codes. If one day I
really want to participate in the Supernode election, I will certainly follow the consensus rules
that are open and transparent to everyone. In the world of blockchain, no one has the privilege.
4. Members of the community have expressed that the 1-ELA-for-36-votes mechanism,
compared with the 1-ELA-for-1-vote mechanism makes the rich (with way more ELA at hand)
are more equipped to dominate the election with the same number of ELA. The first
mechanism allows the rich to gain higher node positions, and indirectly leads to the
emergence of alliances to maximize benefits. The 1-ELA-to-1-vote mechanism is very
common and does not magnify the power of the rich or the alliances. Can you explain what
benefits the 1-ELA-for-36-votes mechanism can bring and how to deal with the drawbacks
including the ones mentioned above? How do you see this mechanism shaping and influencing
decentralized community operations?
Every coin has two sides. It is difficult to have a perfect solution. 1-ELA-for-36-votes mechanism
is beneficial to the establishment of stand-by nodes. This is the first thing we must consider to
ensure the smooth operations of the DPoS consensus. This is for the common interest of the
whole community. Other matters can be considered after this foundation.
In addition, fairness is relative. We can't be fair in all aspects, which is why we have the CRC in
place. This is the next most important milestone after DPoS. Community affairs are decided by
community consensus; if you think there are some problems in the design of the DPoS
mechanism,you can propose a more effective solution and let all token holders decide together
after the CRC is officially launched.
5. You mentioned that it is a good thing to have some rich people undertake the election. Can
you explain that in more details? Is this related to the design of the voting mechanism? Nodes
are not required to lock their rewards, and there is no restriction to prevent the rich dumping
their tokens. For them, they are getting node rewards without additional cost. What do you
think of the impact this has on the consensus mechanism?
I can't remember if I have said this before. If I have said it, there probably is some important
context to it.At present, it is unlikely that these undertakings of the rich will happen because no
one knows how much ELA is required for this purpose. The stances of rich people is not
necessarily the same. On the contrary, the possibility of healthy competition is greater.
For DPoS consensus, the more decentralized the distribution of tokens, the more fairness there
will be. However, it takes time to achieve this. In the short term, to an ELA holder, both rich or an
ordinary investor, it is wiser to hold the tokens for the election rather than speculation (both are
//18