RE: A(nother) discussion on voting and reward pool rape
This is a great discussion and I too have voted for the account in the past before the posting rose to 10 times a day. I stopped voting on the account because I thought the rewards were getting too high and the account was posting too often.
But what I really want to comment on is the notion you raised here about what's to stop a new whale or group from completely dominating the platform?
It's a very troubling idea, especially in terms of a way a nefarious actor (new whale account) could use their massive voting power to completely rape/destroy/shutdown the system.
As an example, what if there were posts being made pointing out corruption and collusion in the pharmaceutical industry and politicians that special interests would prefer was not seen by the general public? Now the Blockchain is said to be censorship-proof but in this instance an enormous whale account could flag and destroy any accounts that posted on the issue and there would be little anyone could do about it. Perhaps there are ways to counteract this possibility that I'm not aware of. It is a scary and sobering thought though especially for those who see the Blockchain as a beacon of free speech.
I suspect this is what the Steemit account is held for?
I've also seen @ned in the wallets of larger stakeholders (early on after buy in), which I find interesting. Perhaps to sound them out and get them on side?
I would hope that any major foul play would be a major news story here and knowing 50% is locked up in @steemit, I think there are enough of 'us' to collectively stamp out obvious and platform threatening wrong doings.
That's a very good point, the Steemit account is inactive, as far as I can tell, but maybe laying in wait in case something like this were ever to happen.
I think you're right, we'd have to come together as a community and take collective action in order to prevent such a danger.
Still something that should be considered before it actually happens.
Yes indeed, and that's why I'm glad to have thought provoking people like @tarazkp around.
I wonder just how much Steem could be claimed by a new account now?
They would obviously need to invest it to SP, therefore becoming a stake holder, with 3 months to wait until this could be pulled - another safety feature to lower the risk of hostile money arriving?
For some of the potential players out there, Is the Steemit account large enough?
The account holds 20 million more SP than the next 19 in the list, so I am assuming so!
The account holds as much vested SP than the first 66 accounts combined, with this 66th account holding around 250,000 SP.
It is this exact thing that I am most interested in finding out about. I suspect as it currently stands, there is little anyone can do about it but,I am hoping that in such a scenario, there is a 'witness emergency protocol' to counteract it. But, this raises a censorship question and where it may lead.
You know that you are first on their list right? ;)
I would be disappointed if I wasn't ;)
Hi V4, a little off subject here, but I wanted to turn you onto the work of Patrick Lancaster as he is now posting at Steemit and is the only on the ground US reporter in the Ukrainian breakaway regions. He has just started on Steemit and is now uploading solid original content, mostly video and small reports. He's a big asset to the Steemit platform and to truth in general. I hope you find his work as interesting as I do and can possibly help get him further attention throughout the Steemit community. Kind regards, CoS.
https://steemit.com/dtube/@patricklancaster/og1tz24o
Buying the stake would push the price impossibly high?