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RE: Who Should Control A Blockchain?
I have been wondering about this for a while. Whales are going to be the ones that grab all the coins and then they will have the control. Holding coins and voicing how things should go is the only way that this works.
but whales tied up cash is only as valuable as the demand for it. So if a few control and make a bad decision they have to live with the loss of value. This is where steam gets it right. whales tie up large amounts for a long time. If they screw with the system they run the risk of it being worthless by the time they can extract their funds.
Any vote on any block should be scaled by the holding the person has