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RE: The Facts

in #steem6 years ago

A super majority of independent elected witnesses

I am not sure that we have ever had independently elected witnesses. Certainly not all top twenty.
Decentralization is a great idea and i support that wholeheartedly but how do we get that with stake based voting for witnesses?
The Steemit inc stake is not the only ninja mined stake out there, Maybe we need to freeze those other accounts stakes as well

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For the purposes of comparing with 20 puppet witnesses controlled by a single account and basically voted for by one stake, the old top 20 were independently elected. In the old top 20 there was not a single witness with votes from both of the two largest voting stakes (pumpkin/freedom & blocktrades), and one witness had votes from neither (@aggroed). And even with how large the freedom vote is, when you look at the vote charts the "other" votes on top witnesses that are too small to list individually are collectively larger than the freedom vote, and then of course there is a whole slew of larger votes big enough to show up as a bar in the chart.

I used to be one of the operators of Curie while it was top 20, and am currently one of the admins of @c-squared (which was #38 active witness prior to JSun takeover). I can tell you that even getting up into the top 40 witnesses requires assembling a pretty broad coalition of support, and staying in top 20 position requires constant jockeying for votes.

Is it independently elected in a democratic sense where the average user can feel their vote counts as much as a whale? Nope. But without some kind of KYC / one account per person, that is a literal impossibility.

I would strongly agree with a change to current voting mechanism though to limit the influence of the largest stakes. Rather than reduce the number of witness votes I think the simplest way is simply 1 SP = 1 vote, and allow users to split up their SP among witness votes however they want.

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