Even If Top 20 Witnesses Are Reinstated, We Still Have A Problem

in #steemlast month

At the moment of writing, 10 out of the top 21 witnesses are reinstated, meaning they are legacy witnesses, previously voted by the community, or, in the words of @netuoso, human witnesses.


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I am maintaining my current position, which is: "vote for the human witnesses, get back to a decentralized governance".

But, apparently, even if the top 20 witness spots are reverted, that won't be enough.

As the previous top 21 witnesses are getting reinstated, the 20 puppet accounts used in the hostile takeover are moving down, taking the place of other legitimate witnesses, in lower positions. A witness on position 30 is now on position 50. And because of how stake is being used for reinstating the top 21 witnesses (concentrating on them), their positions are even further weakened.

I was on position 60 before the hostile takeover, now I'm on 91. Why is this problem?

Well, because even if Justin Tron puppets are not in the top 21, directly influencing the blockchain, by occupying the next 20 places they are illegitimately abusing the witnesses rewards. With the current stake he owns, Justin can create 60 more accounts, split the voting stake between them and occupy the next 80 witnesses spots. There will be only top 20 witnesses and Justin.

This is just another way in which centralization will creep in.

The normal thing to do would be to have one witness with all the stake controlled by Tron, just as before there was only the Steemit account holding this.

Thoughts?


I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.


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And on top of that, we even lower witnesses lost lots of voters due to the emergency.
Many users prefer now to vote on the top 21-40 so Justin gets booted down.
Meaning, we drop even lower with less chances to block producing
(not that block producing would be a positive sum game in most cases anyway)

That's exactly what I wanted to say with this:

And because of how stake is being used for reinstating the top 21 witnesses (concentrating on them), their positions are even further weakened.

Steem Dpos is collapsing. It was easy to see since day one. Witnesses never did a revenue sharing, dumped all along their fresh supply... there is always bitmessage, zeronet, freenet, i2p... that's life, flawed system always get exposed.

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don't give him ideas man :-)

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I would imagine that, with the animosity in the current relationship, there will be some rather harsh hard-forks to the losing party whenever either side regains control of 17/20 top slots.

Depreciated witness voting. Limit the number of positions allowed to be voted for, go from 30 to 15. Your first vote you get to use all your SP/Vest for that person, your second 80% of 80% of your SP/Vest, and so-on down to the last 20% where it then drops by 2% for the remainder of your votes.

This still aligns with the DpoS people, but merges in a semi mutated one vote system.

Indeed, this is a 2nd hand issue we will have to adress but thank you for raising the issue.
Here is my post to get Steemians to vote if you had a minute !
Still, we fought back as a Community which makes me Believe STEEM has a long term future as a "kind of" decentralized Community.
https://steempeak.com/@vlemon/steemians-the-fight-is-not-over-we-need-you-to-get-our-witnesses-back-to-the-top

I don't see it as a second hand issue. If we have 20 community elected witnesses controlling consensus, and Justin Tron for the rest of witness spots, well, that doesn't sound good on the medium term. We need more balance, more backup witnesses available, if only to recruit top 20 witnesses every once in a while.

Cann’t agree more. I was 50+ and now dropped to 70+. :(

It seems that he used proxy.token to vote them back. Only @blocktrades is still in the top 20... The fight is not over.

Yeah, I'm following too. My hunch is he's aiming at eliminating them so he can deploy the power down hardfork, because exchanges must be all over him right now, the pressure is really big. After he releases the exchanges, he may want to play the negotiation card again. We'll see.

Exactly. CZ is on his ass with all that STEEM locked.

If Justin moves on, the only way I see a solution here is that the community mangages to regain top 20 witness spots and apply a soft-fork with doesn't allow the Steemit Inc. stake to use voting rights.

Justin in trying to stage a coup that gives him total control of Steem. He has access to big resources to bump up his puppet accounts. He just regained more of the top 20 places. It's really touch and go whether the community can combat this. I assume he could do a hardfork that makes him unassailable. Why even bother with a blockchain if you have that control?

It's a risk / reward assessment. Whatever he thinks he has to gain by maintaining tight control over this asset looks valuable enough for him to go a long way.

I guess this is an opportunity to see which other accounts Steemit control as they need every Steem they can get. So do we to stop them trashing the platform.

@dragosroua,
I won't see him (justin fk) at top witnesses list. Better he sell what he got and leave us alone!
$trdo

Cheers~

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