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RE: Crypto & Cardio #5 - Mo' complexity, mo' problems (Account Based vs Stake Weighed voting)
I think the stake-weighted voting aspect is part of the genius of the Steemit platform. That is really "where the money comes from". If people weren't incentivised to invest in Steemit, there wouldn't be any crypto rewards - or what rewards there are would be worthless. There is potential for big investors to disrupt the system, but the potential disruption and corruption with content arbitrators, whether elected or selected, would be much, much worse, in my opinion. I personally think that would be the death-knell for Steemit!
I agree, stake-weighed voting is one of Steem's key selling points.
A bad actor would have to purchase an insane amount of Steem (and put a lot at stake) to cause disruption. And even then other Steem holders can get together to negative the bad actors influence.
Gaming an Account based system is easier, less costly (in my view).
We'll see how it plays out if there is a successful SMT that is account-based. From what I understand Steem will remain stake-weighted, which is a good thing.