How reducing the number of witness votes per account can improve decentralisation

onthewayout (59) in hive-111111 • 5 years ago

This is a cross post of @spectrumecons/how-reducing-the-number-of-witness-votes-per-account-can-improve-decentralisation by @onthewayout.

We need to start having discussions about the best way to make DPOS governance more resistant.

hive-111111 cross-post

5 years ago by onthewayout (59)

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onthewayout (59) · 5 years ago

This is the comment that I made on the original post:

Since limiting the number of votes for witness positions can be workaround by dividing the stake into different accounts wouldn't the better solution simply be to have 1 vest = 1 vote?

For instance, if you have 100 vest and you vote for one witness your vote is worth 100 but if you vote on 2 witnesses each vote is worth only 50. In my view the advantage of using a 1 vest = 1 vote is that the voting potential doesn´t get wasted but by using a system with a set amount of votes you can have alot of voting potential underutilized when stakeholders do not use all of their votes.

I would also add an economic inventive to voting on blockproducers by linking the inflation rewards to it

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arthursen (47) · 5 years ago

Sounds simple and effective, that's a good idea.

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