RE: Steem - Perhaps STEEM could benefit from catching up with the times...

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Steem - Perhaps STEEM could benefit from catching up with the times...

in steem •  5 years ago 

Let them stake, just don't let them vote. Simple.

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Yes, there is that as well. Having only 3 votes would greatly reduce the likelihood of them being able to control the chain. I actually would prefer if we had some large companies as top witnesses as they have tons of resources that could theoretically be put to use. Having mom and pop witnesses or kids that live at home in their mom's basement has its limitations...

Absolutely, but they will be voted there based on their contribution to the community, not their stake size. So the kid in mom and dad's basement, working hard and developing things for the community off the sweat of his own back, has equal chance of being a top witness and gaining reward.

  ·  5 years ago (edited)

It's a nice thought, and no offense to the kid, but if we are talking about securing a multi-billion dollar project (hopefully), I would prefer it being done by a company or business as opposed to a kid in the basement. However, if this person was really able to demonstrate their contributions to the community beyond any shadow of a doubt as well as their extraordinary abilities, perhaps there could be an exception. In general though, if this were ever to grow up to be a big project we would want professionals running the controlling witness spots.

Oh, for sure! That kid would most likely then be picked up by one of the companies on the chain. Big business does end up running most shows, but without the chance of an equal footing, great talent can easily never be seen beyond the corporate curtain.