There needs to be a real world cost associated with actions to deter sybil attacks. Without a proof of work or cost there is no repercussion. Vigilance can work, but it's pretty fragile and won't scale to larger communities. Once the network of participants is large enough, they can't reasonably purge sleepers without fracturing the group. E.G. TDW.
Basically we need to use a blockchain that can support micropayments (fractions of a cent) and stable enough to use as the backbone for an app where all actions have a cost. The cost can be small enough that legit users wouldn't really notice, but people spamming or handshaking would add up quickly enough to be a barrier.
People are used to things being free though, it'll take time for that to take hold.
You can do all sorts of things from a platform perspective on top of the correct blockchain to discourage bad actors. The real problem is that the market hasn't chosen the blockchain yet, so we can't really do it effectively. It has to be a commodity ledger where the access isn't subsidized like the attempts so far have been. It isn't really commodified if the issuance is dictated by some central organization (company, foundation, cartel, etc). It'll have to be bitcoin or one of it's forks since the issuance isn't controlled (i.e. miners can come and go).
Would Soros and people like him care? Not as things currently stand, but under the right future conditions they definitely would have to.
There needs to be a real world cost associated with actions to deter sybil attacks. Without a proof of work or cost there is no repercussion. Vigilance can work, but it's pretty fragile and won't scale to larger communities. Once the network of participants is large enough, they can't reasonably purge sleepers without fracturing the group. E.G. TDW.
Basically we need to use a blockchain that can support micropayments (fractions of a cent) and stable enough to use as the backbone for an app where all actions have a cost. The cost can be small enough that legit users wouldn't really notice, but people spamming or handshaking would add up quickly enough to be a barrier.
People are used to things being free though, it'll take time for that to take hold.
You can do all sorts of things from a platform perspective on top of the correct blockchain to discourage bad actors. The real problem is that the market hasn't chosen the blockchain yet, so we can't really do it effectively. It has to be a commodity ledger where the access isn't subsidized like the attempts so far have been. It isn't really commodified if the issuance is dictated by some central organization (company, foundation, cartel, etc). It'll have to be bitcoin or one of it's forks since the issuance isn't controlled (i.e. miners can come and go).
Would Soros and people like him care? Not as things currently stand, but under the right future conditions they definitely would have to.
Yeah I think that is well said. The simple solution is the right one, and for now that is enabling the mods to do their work as best they can.