You are viewing a single comment's thread from:
RE: YAVAP - Yet Another Voting Algorithm Proposal - Or What I Actually Understand By Proof O Stake
The amount of STEEM that an account holds won't decrease, so no risk. They won't run out if planned well, for example vote for each other so everyone's balance won't change at all. If the voting will turn STEEM into SP, then power down accordingly.
By the way I'm a bit surprised whether you're a developer. You need to think about all possibilities in advance, and solutions, and new possibilities and new solutions and etc.
There's a bias towards grouping power to a single account, so, in theory, that should drive users to maintain at least one big account that will "herd" all the others. But what you pointed out, the "sock-puppets problem", really creates a few interesting cases, I will start thinking at them.
But even in this case, having skin in the game still has a few benefits, like doubling the size of the reward pool and increasing the demand for Steem/Steem Power which are not present in any other alternative voting proposal I saw so far. Wether or not that's a good thing, well, I think it is, but I may be wrong.
As for your last comment, thank you, I guess I'm not really a developer so I think it's better to stop making proposals for the Steemit platform, as it looks I'm not qualified. Which is exactly what I'm going to do :)
Cheers!