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RE: Ned Scott and @theoretical of Steemit Explore Oracles on Steem

in #ned6 years ago

1A1V seems like a great idea but almost impossible to implement anonymously. That is why you have to vote with your ID/passport in a conventional election. Now Oracles will have all the power. Or operators of the Oracles. Not very decentralized. If we look at EOS then top 100 wallets hold 65% of the voting power.. that is not decentralized either. But we will get there.. eventually! :)

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Yes, this is precisely why STEEM will never be 1A1V. The beauty of our design is that you can have the best of both worlds. On Steem you will be able to have communities that leverage centralized parties, or not, and every Steemian will be free to choose for themselves which communities are worth joining and which communities are so valuable they are worth sacrificing a degree of decentralization.

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