Vitalik argues against Bribes or Dividends for Block Producer Voting. It is true that there has been a lot of discussion lately about the possibility of block producers paying dividends to the users that voted for them. Evolution will provide an arbitration framework for community initiates to ensure that paying for votes be prohibited and prevented in the Evolution Blockchain.
While Evolution believes that privacy should be allowed to be built on top of Evolution, we maintain that those profiting from Evolution’s operation should be publicly identifiable and use identifiable accounts. The Evolution Identity System (EIS) will help ensure fair competition between BPs.
On Evolution, using our voting identity system (EIS) we propose that one Verified Evolution Account can only vote for one Verified Block Producer. This prevents large stakeholders from pooling tokens and distributing them to multiple BPs and thus quickly forming a cartel. No matter how many tokens an Evolution account owner stakes they’re only able to vote for one block producer and can’t divide up their votes as BlockOne has directed. Also, as voting grows in scale it will be vital for the community to verify large voting pools or voting accounts via (EIS arbitration) to ensure no collusion is taking place. All votes verified by EIS or unverified will be equally weighted, but it will be fully transparent how many verified and unverified votes a block producer receives.