You are viewing a single comment's thread from:
RE: Highlights on the N Squared Voting Law from The Steem Whitepaper
We are working on a solution that would dramatically even out the voting power of all users without creating moral hazard or sybil attacks.
Hmm. When you do that you will jump right on the A perpetual motion machine?
What I mean is - not increasing the vote weight should probably be good enough!!!... Swinging all the way back in the other direction (aka reducing the SP the bigger it is) have its own draw backs - mainly disincentive buying and or holding SP. Which has never been at anywhere near reasonable levels... ever ..in steem's [granted short] life.
One question I would ask is - who is "buying" 500k of SP, compared to all of the people who are willing to buy say 100, 1,000 or 10,000 SP? The incentive to buy amounts like that needs to be much better. I don't think we should be all that worried about incentivizing larger purchases (say a million sp) at this time because ... well that's not happening even now when the voting power so hugely favors them anyway.
True. Also anyone buying (not that I believe there is one) 500K SP will buy it directly from steemit, with a nice discount.
In that regard and thinking more on my comment above - I see nothing wrong in 'cutting the voting strength of accounts with say > 1% of total SP'
Sweet. Thanks for weighing in Dan!
If you get a chance can you please make a post with more details on how this will work? Thanks for all you do Dan.