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RE: Minnows pretending to be whales - The Game Theory of Steem, Part 6
Some more sobering news... from what I understand, the algo is designed so that
- a single account that controls 0.45% of the total SP
holds more voting power than,
- 32,000 accounts that control 0.45% of the total SP.
The system is designed to encourage users to aggregate their SP in one account rather than split it amongst several accounts.
So in reality the minnows probably hold even less voting power than would appear on paper.
I don't think that's true. There were some things in the whitepaper that suggested it, but I've spent a bunch of hours in the source code recently and right now I'm 90% certain that voting influence is exactly proportional to SP. So 0.45% is 0.45%, regardless of how many accounts hold it.