RE: TRON vs. STEEM: Is The STEEM Community Already Speaking?
I think the only portion of the community trying (and succeeding) at creating a deadlock is the large voting block of the Korean community. But that overall speaks to the uphill battle that organic witness voting has versus the Tron sock puppets. The spread of voting on genuine Steem witnesses is much larger because it behaves like an American political election where a third party candidate can draw votes from one side or the other, possibly swaying the election in favor of the opponent most against their own views. If everyone voted on 19 more witnesses at the same levels Blocktrades is getting, the Steem community would reclaim every spot, but some folks remain true to voting on a wider variety of original witnesses. The “Tron 20” has the advantage that it can move in lockstep as they’re really just one account with a small handful of voters.
Hey, @bryan-imhoff.
Very true about the Tron 20. I guess I was noting that as they start to move, it's countered to some degree by whoever is voting up the human witnesses.
It's true, too, there is a wider spread being voted on than just the previous 20 witnesses. The question would be why do that, when it seems obvious that STEEM is in a predicament it's at least never been before that I know of, and it's such that the blockchain could cease to exist, or be forked, sooner than it might carry on as is.
The Koreans definitely have some pull here. I didn't realize it was that large.
I believe that as a proxy voting block several large Korean accounts control 6-7 million Steem Power. Just enough that they can swing the overall deadlock in interesting ways. I believe Sun is working to retake the top 20, but won't show his hand until he has a hard fork prepared to launch instantly. I don't think his development team is capable of delivering a safe fork in the near term, so my biggest fear is a bug that halts the chain for days if not weeks.
Okay. Proxy voting. I wasn't thinking along those lines since I don't do it but it makes definite sense.
No doubt Sun wants to retake the top 20—he needs to figure out a way to save face. He has all the markings of a win at all costs kind of guy. I think we're seeing that play out.
A bug halting the chain would not be good, but it wouldn't do him any favors, either. Without the STEEM engineers at Steemit, I wonder just how quickly they can even come up with something like that. If Binance actually does start a power down, maybe that can be diffused a little bit, too.