— SteemCN

thanks so much for this comment, @kooshikoo :-) I should have said more about this subject, because you're absolutely right: this could eventually be used as an engireered oligarchy. Like I said: we cannot prevent that with any blockchain or other programming-technique. We will have to make the difference.

The EOS blockchain and current Constitution do a lot to prevent concentration of power, but can never be an airtight defense against human greed. The way the voting works now amounts to as level a playing-field as you can start with, at least if I understand everything right. Every private/public key-pair is limited to a maximum of 30 votes and you'll need 3 EOS to be able to cast thise 30 votes: one EOS pays for 10 votes. And I shouldn't say "pays" because you just "stake" the coin after which it is frozen for a couple of days.

So whales could cheat by making loads of wallets and spreading their coins in portions of 3 EOS to cast a barrage of votes, but that's cumbersome to say the least. But in short: no system can prevent huge concentration of economical power. Only a working democracy can. And for a democracy to work, all it's participants will have to be equipped to make informed, responsible decisions that reflect some concern for the community.

Thanks for giving me a chance to add this, and I can fully understand any pessimism on this; our species hasn't had much luck achieving true freedom, whatever that may be. We'll have to wait and see and keep working at it. That's how I see it at least ;-)

RE: EOS: The Biggest Online Social Experiment Ever Has A Rough Start

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