RE: DTube opens a witness node on STEEM

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DTube opens a witness node on STEEM

in dtube •  4 years ago 

I understand your perspective, and I do agree, I want to know who is in the top 20. There are too many purely anonymous accounts for my liking. I have one person I know whose a witness, as in we lived in the same city, so my votes reflect their votes, as I trust that person to make the best judgement calls on their anonymous associates.

That being said,

even if the whole real userbase of hive believed in me and voted me, I wouldn't even be in top 50 from the decentralized election

That is straight false though? The users have more funds relative to the rest of the pool on HIVE than on STEEM, because all but 300 accounts (including Justins and his sockpuppets) have the exact same funds as on STEEM, except the Steemit Inc. 20%+ stake is gone.

So the users have equivalent if not more power on HIVE than on STEEM when we look at the stake breakdown. By doing simple math, you could be a top HIVE witness, unless you're trying to say you need the Steemit Inc. backing to be a witness, in which case, I honestly wouldn't trust your witness.

We've only had 1 week of powering down so far, the userbases voice isn't that different between the two platforms yet.

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If you look at the distribution of money in this blockchain, and despite the social distribution that has been going on, you will realize that it is very unfair. Bitcoin is way better distributed. A good metric to look at, is how much of the stake, the top 1% of the wallets/accounts represent.

This is a pie chart that was on my steemwhales.com website at the end of 2016. This pie chart excluded all the steemit inc accounts!

It would be interesting to run it again to have more recent data, but let's assume it stayed about the same (top 0.1% controlling 2/3, top 1% controlling 90%), then it's clear that even if 99.9% of the community votes me as witness I would barely enter top 30, and if only 99% of the 'bottom' community upvoted me, I would be like #80 witness.

If you check BTC for example, it is distributed much more widely. Maybe because it's older? Maybe because it's more convenient and safer.

Also on another note, how can you prove that 2 anonymous accounts, are not actually the same person? Either someone with schizophrenia or someone with training in deception.

The Steem middle class has been growing in the short time that I've been on here, meaning that the influence of whales was diminishing as a percentage of all Steem. I suspect that this will likely reverse a bit as people cash out. Those sticking it out and buying up the surplus Steem will gain a larger percentage of the remainder.

Your last statement made me chuckle. 1 person can anonymously run two accounts simply by not telling anybody. No need for schizophrenia or the art of deception.