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2 sats \ 3 replies \ @OT 21 Apr \ on: BTC vote: Do you support banning all yields on stablecoins? (100k sats reward) events Politics_And_Law

Is the winner picked randomly? Who pays the reward?

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52 sats \ 2 replies \ @KoinVote OP 22 Apr

Yes winners are selected randomly, but weighted by Bitcoin balance. The more BTC your address holds, the higher your chance of being picked.
The reward is provided by the event creator.

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125 sats \ 1 reply \ @OT 22 Apr

Just out of interest why would someone pay a bounty for the poll? Is it to verify the voters are somewhat real bitcoiners? Also why is weighting votes from larger amount addresses an advantage?

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2 sats \ 0 replies \ @KoinVote OP 22 Apr

You don’t have to offer a reward, but in practice, participation is much higher when there is one. As for weighting, it’s mainly to prevent Sybil attacks. Without it, someone could split their BTC across many addresses to farm rewards.

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