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RE: Did You Know: When you post using eSteem, 5% of rewards are disbursed to @esteemapp? Also, Self Voting Witnesses - a slippery slope, or a level playing field?
wondering how you will take this experiment:
that 5% interest is being charged on your meagre rewards. Possibly sometime soon I will do some database drilling, once I finally get an RPC node finally up to date and functioning (it now takes over 3 days to sync an RPC), and find out how much SP has been syphoned into @esteemapp account, then add that to the data on how much @good-karma's witness has cumulatively earned.
cause been using esteem app a few times. app still cool but better to get the WHOLE info and data on this so most can be aware if they continue to use it. It's still useful cause mobility on steem to post on the go and schedule postings. So guess will see in 3 days then.
I am going to have to do this forensics now, on the dynamics of witness voting, identify the circle jerk, because I am now certain there is one. It only takes 2/3 witnesses mutually self voting and they can hold the majority, and pass whichever hardfork they want.
Talk about a simulation of democracy... I'll get the hard numbers, publish the query script, and if I am right, thtis could be the evidence required to prosecute Steemit, Inc for running a scam.
It does however, also disturb me that another thing springs to mind as well. Steem Power could be judged as a security. This would also be quite interesting for the SEC to understand, I think.
normally 2/3 should be a lot of people!! But it's only 14! not enough for securing so many people.