You are viewing a single comment's thread from:
RE: Stake-weighted voting is a neo-fascist abomination: anti-liberty, anti-equality, anti-humanity
The perceived drawback of sublinear is that it'll reduce demand for large Steem power ups. However, most of the civilised world has a progressive taxation structure, so I'm not convinced aboit the evidence for this. Either way, I've reconciled that any kind of stake-weighted voting is a dead end, with no sustainable solution.
True. but it would only affect 0.1% of the accounts:
https://steempeak.com/steem/@preparedwombat/how-much-steem-power-does-it-take-to-be-in-the-top-10-of-accounts-the-top-5-the-top-1
What surprised be on this Article: I am well in the top 5% of all account and yet still feel totally insignificant.
It's not a matter of how many accounts it'll affect, but what proportion of Steem holdings it would affect. I'm willing to bet top 0.1% holds an obscene supermajority of Steem Power.
Of course they do.
That's why i agree that √x sub-linear won't cut it and I think that only 1-e⁻ˣ sub-linear could potentially fix stuff because is has a maximum power level. Once you approach that maximum it becomes effectively one account one vote.
The trick would be to set that maximum low enough so that there are enough user with a maximum / full vote – Current Dolphin perhaps. Or even lower.
But this is all mute. The top 20 will never agree to curtail there own power that much.