RE: How should Steemit Inc decentralize their stake?

You are viewing a single comment's thread from:

How should Steemit Inc decentralize their stake?

in steem •  7 years ago 

All I'd say is, witnessing is a political position, and you have to campaign diligently to get higher up the ranks

Creating a new account requires 0.1 steem and 10 delgated SP. So whales with, for example, 1million steem can create 100 thousand accounts that vote for themselves (or a proxy account). Am I misunderstanding something?

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

That's true currently, however the account registration protocols are changing soon with Hardfork 20.

https://steemit.com/steem/@steemitblog/hardfork-20-velocity-development-update