notes on @vitalikbuterin quadratic payments primer
notes on @vitalikbuterin quadratic payments primer
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?? p = the amount of the increase
?? why is this true
if your value for the article V = $1000 and donating $1 increase the probability that it gets written by 10% then the increased expected value of donating is V * p = $1000 * 0.1 = $10 so for $1 you can get a value of $10 and will therefore be incentivized to donate.
so you would keep paying until the expected value of influence/tokens V * p < 1 ?? bonded curve
Alice would pay up to $1 bc after $1 per 1% influence purchased the expected value dips below $1 and it doesn't make economic sense to pay any longer.
Quadratic voting allows any participant to purchase influence proportional to their value judgement as opposed to one dollar one vote which optimizes for people who care a lot, or one person one vote which preferences those with those who may not care as much.
can vote on continuous functions.