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RE: The Witness (Circle Jerk) n-Person Prisoner's Dilemma, and the richlist Witness Votes - Some solid numbers for you to digest
Being a witness is not a popularity contest. Many of these people are doing work, such as development, that is absolutely critical to the Steem infrastructure, hence the votes they receive and deserve from large stakeholders who understand their importance here. That's not true with all of them, but I think it's misleading to trivialize their work.
See my reply to @timcliff regarding my proposed model and justifications for altering the rules for witnesses and voting.
Yes, it is a popularity contest. All elections are. The voting for assigning rewards is a popularity contest.
Doing philanthropic work for the community is also part of the popularity contest. I just think that while you are powering down, you should not get paid for being a witness, and that when you are a witness, you cannot influence the witness election directly, with an ever growing stake.