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RE: Steem - As controversial as the Soft Fork was, it was probably the right move...

in #steem4 years ago

I've read sentiment from both sides and I agree that stake should never be frozen if purchased outright or earned but this stake was pre-mined under the premise of being used to run steemit inc with the idea of it being diluted over time. I think the soft fork set a precedent that this is what decentralisation is all about, we shouldn't be bullied or only be at the mercy of someone with deep pockets, we already have that in the current centralised systems and that's why we moved to crypto, so I think it keeps within the spirit of what we want as a community.

Justins money and stake should be no more superior to anyone else which is currently the case and the soft fork shows this community is bigger than any 1 person.

There was terrible communication from Justin and while one interview with andracy may have "cleared" things up, we all know its a lot of lip service.

Justin wants to port over the user base to tron to inflate trons user numbers and transaction numbers thats the bottom line. His got no dapps on his chain that are worth anything to a community let alone be compared to steem so this cut and paste was his idea, regardless of what he says we know that's the end game

If the witnesses acted only in their own self-interests, we as the community could have removed out votes and placed it with others so they also are taking a risk and putting their necks on the line.

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Yep, a lot of truth in there. Though, the Top 20 witnesses are primarily being decided by the 2 largest stake holders on here in Freedom and Blocktrades. Those are really the only votes they need to appease... which is part of what is wrong with the whole witness voting system. It should be something like 3-5 votes per account, not 30. Makes no sense unless they want someone with the most stake to control the chain...

Oh yeah totally agree the witness system is by no means full proof at this concentrated level of stake but that can only dilute over time and through inflation which won’t happen if their is a chain port in my opinion

I think sending out the message that a blockchain can be bought by someone with deep pockets sends a worse message than rhe we can freeze your stake!

While his funds and support would be great I don’t believe in selling our ideals for money but hey that’s just me and my hate for establishments

!ENGAGE 25

I actually disagree. That is pretty much the name of the game with POS (DPOS) blockchains. He who has the stake makes the rules. But, we could do a lot to decentralize things by simply limiting witness votes to 3-5 per account while still being a POS (DPOS) blockchain.

Last I heard no single account could make much difference in the witness standing.

When it is Freedom or Blocktrades it does. Even then, some of the OTHER votes those witnesses receive is likely happening because they are already within the top 20 and many just vote those that are already there.

how can we have better options for witnesses? I haven't adjusted mine since I joined :/

I forgot who did the research on this but I am fairly certain that you're mistaken regarding how much influence either of those accounts holds. If you search for it I'm sure you'll find something about the top witness picks etc.



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