You are viewing a single comment's thread from:
RE: Boost Steem Value by Backing Steem Dollar
Witnesses already have a lot of power. Anything that gives them even more control over the platform will inevitably lead to further centralization of influence, and potentially collusion. Just my opinion, though, feel free to disagree or prove me wrong!
this isn't that much power, they have a clear mandate to keep SD trading around $1.00 so it is a relatively objective metric for the community to judge their performance.
In principle this isn't at all a controversial suggestion. Witness accountability is quite low in practice, with only a small minority of active accounts voting for any, and even fewer ever changing their votes once they approve some accounts. We need a better mechanism to get Steemians involved in witness voting.
Its own spot in the Menu bar would be a start.
I have just checked the feed prices and there is a delegate who has a feed price of $2!
But It seems most of the top witnesses have feed price under market price. Which is great for SBD!
Time to buy SBD! :)