RE: Democratizing Steem!
What the hell?
Okay, there are 10 witnesses. If he doesn't distribute his stake into two accounts, each of the witnesses he votes will get a x sized vote.
Peter1 -> x
Peter2 -> x
Peter3 -> x
Peter4 -> x
Peter5 -> x
Peter6 -> x
Peter7 -> x
Peter8 -> x
Peter9 -> x
Peter10 -> x
If he splits his stake into two accounts, each of the witnesses will get a x/2 sized vote.
Peter1 -> x/2
Peter2 -> x/2
Peter3 -> x/2
Peter4 -> x/2
Peter5 -> x/2
Peter6 -> x /2
Peter7 -> x/2
Peter8 -> x/2
Peter9 -> x/2
Peter10 -> x/2
Peter11 -> x/2
Peter12 -> x/2
Peter13 -> x/2
Peter14 -> x/2
Peter15 -> x/2
Peter16 -> x /2
Peter17 -> x/2
Peter18 -> x/2
Peter19 -> x/2
Peter20 -> x/2
This gives each of his vote only half the influence.
Yes, the total quantity of stake voting is the same, the influence is smaller. Since he can't push so many people into the top ranks.
Yes he can, because obviously his stake in proportion to everyone else has remained unchanged. You act as if somehow splitting a hypothetical 120mv into 30 votes, 300 votes or 3 votes will change the influence of the 120mv when they can split it off into 10 accounts casting 3 votes each, still totaling the same exact amount of influence in the exact same proportion to the hypothesized orcas and dolphins that will all of a sudden, for no other reason than changing the amount of votes, will have more influence than before? Check your math. Slicing the pie into 30 pieces does not mean the pie is bigger then slicing it into 10 pieces.
What I am talking about is that each piece of this pie is now smaller. This means that other people can more easily give bigger slices to other users to overrule his "now smaller slices".
So either, he has to give multiple slices to a user to match it (which then would negate the effect of splitting up the stake)
The pie doesn't change, and not only does the pie remain the same, but other people's pies don't magically grow while the one pie gets smaller.
Here's some math:
120mv hypothetically control 60% of the total stake.
If they are limited to 10 votes each, or 1:
3 account worth 40mv with 10 votes each will have the exact same 60% control and be able to distribute that 60% control over the top 30 witnesses, or 30 accounts each will have 1 vote each and they will still have exactly the same amount of vests and total 60% of all the vests to distribute over the top 30 witnesses as before.