Yep, a lot of truth in there. Though, the Top 20 witnesses are primarily being decided by the 2 largest stake holders on here in Freedom and Blocktrades. Those are really the only votes they need to appease... which is part of what is wrong with the whole witness voting system. It should be something like 3-5 votes per account, not 30. Makes no sense unless they want someone with the most stake to control the chain...
RE: Steem - As controversial as the Soft Fork was, it was probably the right move...
You are viewing a single comment's thread from:
Steem - As controversial as the Soft Fork was, it was probably the right move...
Oh yeah totally agree the witness system is by no means full proof at this concentrated level of stake but that can only dilute over time and through inflation which won’t happen if their is a chain port in my opinion
I think sending out the message that a blockchain can be bought by someone with deep pockets sends a worse message than rhe we can freeze your stake!
While his funds and support would be great I don’t believe in selling our ideals for money but hey that’s just me and my hate for establishments
!ENGAGE 25
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I actually disagree. That is pretty much the name of the game with POS (DPOS) blockchains. He who has the stake makes the rules. But, we could do a lot to decentralize things by simply limiting witness votes to 3-5 per account while still being a POS (DPOS) blockchain.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Last I heard no single account could make much difference in the witness standing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
When it is Freedom or Blocktrades it does. Even then, some of the OTHER votes those witnesses receive is likely happening because they are already within the top 20 and many just vote those that are already there.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
how can we have better options for witnesses? I haven't adjusted mine since I joined :/
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I forgot who did the research on this but I am fairly certain that you're mistaken regarding how much influence either of those accounts holds. If you search for it I'm sure you'll find something about the top witness picks etc.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@jrcornel you have received
25 ENGAGEfrom @chekohler!View and trade the tokens on Steem Engine.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit