Wait...What?
Yes, there are risks. As with all new technology there are always inherent risks involved. While PartyNode has been thoughfully designed to mitigate as many known risks as possible, it is up to the community to come together and prevent malicious activity from crippling the ecosystem. This is the quadratic way. Secured by the people, for the people.
Bad Loans
Mitigated via FAVOR Token lock/burning mechanism.
Sybil Attacks
Mitigated via screening process and slashing mechanics.
Collusion
Mitigated by onboarding a diverse set of operators.
Power Consolidation
Mitigated by a quadratic voting system.
Smart Contract Bugs
Mitigated by audits and a continuous bug bounty program
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