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RE: Why I am still skeptical about Hive: Response to "How Steem Became Hive" by lukestokes
Rather than point fingers at anyone perhaps it would have been better to except that this stage of the DPoS experiment in Governance was a failure. For me at least Hive is a continuation of that failed experiment. Just look at this graph if you are one of those crying out about decentralization....
If one was not acting on behalf of their own self interests then perhaps a fork which started all existing accounts off as minnows may have been best for DPoS experimentation.
It will take a long time for DPoS to recover from this fiasco, if ever, in my opinion.
This idea is interesting, but its probably not realistic to wipe out people's steem that they bought. I wonder how you would correct for this.
Although an exact fix is not in my mind, on a general sense my feeling is that what is needed is a weighting of sorts to ones stake.
For example only, imagine that ones stake was weighted against how much value they are taking from the ecosystem. That would mean that those that posted with rewards turned off would have more power behind their stake than those set for 100% reward.
In this crazy example we can see that the status quo that often hold back sensible development like witness voting retention would be less likely to be halted due to self interests of those who stand to benifit by keeping things as they are.
There could also be code to remove witness voting from those accounts running witness nodes.
These are wild and crazy examples not presented in the hope of implementation but only to give an idea how DPoS governance might be made to work.