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RE: Block-Change You Can Believe In!
As stated previously, delegation provides the means for disengagement and unaccountability. It’s completely contradictory to the concept of DPoS and its theoretical ability to mitigate abuse.
Interesting. Hadn't really thought about delegation from this angle until now.
I started seeing it from that angle when I realized just how many bid bots had sprung up from users with no stake and then saw how many large stakeholders were delegating to them.
Or when I saw how much delegation was coming from STINC/Ned to projects that had yet to prove that they could do anything other than put out a very basic interface and then go months without the slightest improvements...or when the managers of those projects abused their delegation.
Or when I saw 20,000-account bot-nets being created by STINC's "manual" sign up process.
Or when I saw delegation lessees using their delegation to upvote their spam and plagiarism and the delegators never bothering with the slightest bit of verification that those users weren't just spammers, sock puppets, and plagiarists.
Or when my own delegation was pulled from me so that the delegator could simply charge more rent for it, despite the fact that I was using it quite responsibly compared to most others.
This entire "economy" that has been created around vote-scheming and delegation renting has done nothing to actually improve content discovery or any sense of social media integrity when it comes to popular and "quality" content. If it needs to be done in order to improve ROI for stakeholders, then perhaps we need to revisit the existing rewards mechanisms/algorithms/percentages, because stakeholders are obviously not satisfied with giving away 85%+ of content rewards to any single shitposter while the voters are only able to claim less than 15% as a group on any given post.
The delegation market is telling us something:
As a whole, content creators are being over-rewarded compared to those allocating the rewards and the actual investors who give the tokens their value.
I’ve definitely seen delegators not checking on their delegations. And the delegations being used for all kinds of shit detrimental to the platform.