RE: One SImple Rule Change To Put The Power Where It Belongs, The Users Of The SP
After all this place changes so fast, what happened 2 weeks ago is even ancient history in many cases.
More like anything after 24 hrs is old news. 🙂
Thanks for the comment Dave. I definitely don’t want a plunge in value before change of any nature would be in effect.
I do also agree with Matt’s comment above. Many of the issues are due to human nature, greed being prevalent of all. I do feel that many on here blame bidbots as the culprit of human greed. My thoughts are, bidbots are the businesses that see a divide on here and have a service to offer. Kind of like banks in the real world. Banks (bidbots) lend out money or credit to the poor (redfishes/minnows), we use it to buy real estate (increase SP) and they earn interest. It becomes an issue when there is “abuse” and there are greedy users not happy with a small home but want a mansion of their own. Plus they then invite their friends over to party (circle-voting).
How does this basic human nature get fixed? Eliminating bidbots won’t stop the circle votings activities that many don’t address because it’s not as obvious. The gap in wealth will still exist.
As with the SP influence, Steemit Inc would have to change the electoral system. In its current system, stakeholder wealth(ones that hold the most SP) is the determinant for the witnesses that stay on top. We have a constitutional monarchy system in effect. I do think those that believe this is a democratic platform is disillusioned. Just because the governing group is not here to oversee, doesn’t mean they dont set the rules or path for us all to follow. We try to work with the system until a hardfork comes out, but then again, hard fork require consensus amongst witnesses. And these witnesses are supported by a handful of powerful stakeholders. So issue kinda comes back full circle where it is not a democratic platform.
Edited, per Wiki:
Political scientist Vernon Bogdanor paraphrasing Thomas Macaulay, has defined a constitutional monarch as "a sovereign who reigns but does not rule”
Very insightful reply @beeyou! I don't have anything to add, it is very well stated! :)
Great comment and deserves a full upvote! :D