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RE: Cast your votes now to the Real People.
You go a point in this and i agree, but on the other hand whose opinion/vote you give more credit:
- A user who just started, has 15 steempower and no idea how steem works and who are the witnesses
- A user who is here 2 years, has 10000 steempower and knows who are the witnesses and all the projects they are involved in.
Both systems can be abusive but i choose the stake based one because i see in my country and other countries what is happening with the one person/one vote system.
Another option though is a user who's been here 3 years, but started with nothing but the free allocated 15sp, so has only worked his way up to maybe 100SP in the intervening time, at about .10 per post and a post per day. (Much more common) He knows the platform, the witnesses, the needs of the community, but his voting power is minute.
Or the rich person who heard he could make a lot of money pumping out shitposts or running a bot, so bought lots of STEEM which, BONUS!, he can also use to vote on his own posts and swap upvotes from other rich users in exchange for witness votes. (What I know was the case with at least one Steemian in the past couple years.)
All 4 scenarios sometimes play out, so you could argue either in favor of total democracy (equal weight) vs oligopoly (more control to those with more resources).
I like the idea of one person one vote, but it can become an abusive system also. You see in our countries, we have the same system but still the wrong people end up in governments..