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RE: Look Out Fam: Justin Sun is at it AGAIN!
Problem with 1 account one vote is that we know some people have way too much accounts...
Problem with 1 account one vote is that we know some people have way too much accounts...
You're exactly correct, and that is the problem with all account based voting metrics and controls. I have talked to folks here that claim they have up to 10k or more accounts. Surely that's not a common situation, even for original ninjaminers, but most folks that have been here more than a minute have multiple accounts.
One thing we can count on is that no matter how many accounts a user has, that user controls a given quantity of Steem. They can concentrate it all in one account, or split it amongst many, but however it is divided, they control the entirety of it.
@edicted suggests, and I agree completely, that we should make witness voting 1 Steem 1 vote, not 1 account 1 vote. Presently it is 1 Steem 30 votes, which multiplies the advantage of large stakeholders by 30x. This multiplication effect is why @ned always had the ability to simply take control of Steem governance due to the @steemit stake, and the reason that rule was in the code.
Now that stake is under the control of @justinsunsteemit. While an autocrat or profiteer would never desire to give up such ability to completely control governance of an investment vehicle instantly, @justinsunsteemit has financial reasons to prefer Steem now develop true decentralized governance. He has other irons in the fire, and Steem isn't his only interest financially. In fact Tron is his main squeeze, and where his concerns are concentrated. While Steem is important to him, just as are BitTorrent and Opera, Tron is where his attention is focused, and Steem and his other investment purchases need to be governed well despite this for his investments to pan out.
This change does not fork him out, but does rectify that malignant holdover effect of the founders designing in an instant takeover mechanism so they can control their baby in the event it threatens to get away from them. It allows Steem to become actually decentralized, as much as DPoS allows anyway. It allows Steem to self-govern more rationally, and increases the ability of stakeholders besides ninjaminers to effect governance, which @justinsunsteemit should see is a beneficial affect on governance.
Just my two Steem.