Is Steemit Going To Switch To A More Democratic Voting System?

If you check out the trending page on steemit right now you will see a post by @happymoneyman and the changes coming to steemit. He mentions the next hardfork, number 20, which should bring faster on-boarding and possibly communities (sweet). But then there is a quote from the owner of steemit about the change to voting power. He thinks the power should be more democratic and include account-based voting in the algorithm. Account based means one account, one vote and is the most even when it comes to what becomes popular or not.

You might be wondering why we don't do that now. There are a couple of reasons. For one having a system where the more steem you have the stronger the vote encourages people to buy and hold steem. If steem doesn't have perks people will not hold it as much. There is also the problem of fake accounts and bots that can really skew the numbers. The goal is to make a system where people are encouraged to hold steem and we keep the voting as fair as possible. This will lead to new users having a better enjoyment of the site.

I am pushing for a more democratic site myself. We need to give the power to the people if you are going to have millions of users. There are a lot of people with steem power that are helping people but when we get to 10s of millions of post a day we will a more self-sustaining site. And this will let the content that people want to be at the top make it to the top. Maybe a mix of the two can get us to the point we need to be.

And communities will definitely help.

Looking forward to the changes to come.