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RE: SteemDAC: A Plan We Can Start Today to Decentralize Steem Governance

in #steemdac6 years ago

Yes every action allowed by the code should be allowed. There is no good or bad.

Making a constitution or a set of rules that controls steemit’s big stake will allow the second biggest stake to be in controle (freedom or someone else).

Unfortunately wealth tends to always distribute in an unequal manner (top 1% will always have a disproportionally large stake). Check the litterature on this subject if it doesn’t seem intuitive.

In order to be protected from whales that can centralize the system, the only way is to have the biggest whale as a “good” whale. I think that ned being that whale is the best thing for steem. Would hate steem to be centralized by a random anonymous person.

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Besides, every constitution or set of rules is created with good intentions. But then positions of power change (new witnesses etc...) and one witness greedy for power can use those rules as influence (or maybe create new rules on top of them that are favorable to him).

Slowly but surely you end up having a democracy. I think the way to go is a dictatorship, and hope for a good dictator. Ned is a good enough dictator, even though his progress is slow, he never abuses of his power.

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