RE: . by crokkon
Viewing a response to: @crokkon/who-decides-the-witness-ranks-and-what-if-we-all-had-only-10-or-5-witness-votes
witness-category·@abh12345·
0.000 HBDHi @crokkon Thanks for another contribution to @utopian-io - 2 in quick succession before we go on a break! Having read this through a couple of times, I keep getting drawn to: > There are only 4 accounts in the top 20 that have no vote from @pumpkin. What's remarkable: @pumpkin and @blocktrades have no common votes! I guess we'll never find out if there is some sort of balancing act going on here, but it's interesting to speculate. Reducing to 10 or even 5 votes does seems to offer up more opportunity for more witnesses to reach the top 20 - this could be seen as a positive or negative feature depending on who you speak to. Some would argue it more fair, and some would say it is more of a security risk. As it stands, 2/3 accounts basically decide who's in the top 20, and that doesn't sound ideal. Anyway, very nicely explained as always. As a semi-pointless aside, @pumpkin reminds me of something I read a while back which seems like the reasoning behind the name? > Once users make a specific number of transactions using a cryptocurrency, the computers group these transactions into a “block.” In order to send a block, adding transactions to the blockchain and winning a monetary reward, a computer has to solve a complex math problem called a cryptographic function. > Basically, the cryptographic equation is throwing a pumpkin (the block) off a building and telling you what the splatter pattern looked like. The only way users can match the splatter pattern — and send the block — is to hurl a bunch of pumpkins off a building themselves. So people who “mine” cryptocurrency are actually just using their computers to smash billions of pumpkins in order to find the winning pumpkin with the right splatter, which validates their block. https://futurism.com/cryptocurrency-future-money-bitcoin Not just a random vegetable choice after all?! Cheers Asher Your contribution has been evaluated according to [Utopian policies and guidelines](https://join.utopian.io/guidelines), as well as a predefined set of questions pertaining to the category. To view those questions and the relevant answers related to your post, [click here](https://review.utopian.io/result/0/1-1-1-1-1-1-2-). ---- Need help? Chat with us on [Discord](https://discord.gg/uTyJkNm). [[utopian-moderator]](https://join.utopian.io/)