kaal:claim:3125822-015

Tyranny of the majority is countered by a time delay in announcing upvote results, so that experts cannot see the majority position before they commit their own stake.

Source quote, verbatim

The second mechanism that counters the tyranny of the majority is the time-delay in announcing the results of upvotes, so experts cannot plainly see the majority position before posting their stake.

From

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018), 4.1.2 Tyranny of the majority and tragedy of the commons problems, p. 13
https://ssrn.com/abstract=3125822 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vlad Andrei, Blockchain Infrastructure for Measuring Domain Specific Reputation in Autonomous Decentralized and A (2018). SSRN: https://ssrn.com/abstract=3125822

Holds when

requires that votes stay hidden until the pool closes

Classification

mechanismsupport: arguedinstitutional-design

Related claims

extended_by kaal:claim:5254152-014 High governance scores require explicit mechanisms that prevent common governance failures, specifically the t...

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