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RE: If I was a bankster, this is how I would sabotage the Steem blockchain
How would this play out if individuals were not able to increase in power? If one's vote was always just a vote.
The weighted vote easily can be used for good as in your previous post mentioned whales sharing there wealth and influence. But it is easily exploited when whales only hangout with other whales as mentioned above.
Human for sure are a flaw in this system, but the initial design of the blockchain has one as well. That flaw is weighted voting.
You haven't had a debate for a couple of weeks, maybe that could be a topic of discussion. How can Steem be distributed to prevent abuse, real or imagined?
You are proposing changes to the system to counter act the flaw of people. It is not possible. Before long you will have a governance system bloated like the empires we see in the world today. We must resist the temptation to control and manipulate people and just life our lives through self-governance, peace, freedom, patience and self-sufficiency. If we tried to build a system we would need to engage in coercion and force in order to ensure people followed our system. You will find me leaving if it came to that!
What I am proposing is actually simplifying the system. One vote being one vote, no formulas behind it.
Have you done the math behind it? Do you think it will solve the problem? If so, how? Perhaps pitch the idea to the witnesses. You will have to convince them of the change. But that one simple change will impact the whole system. I doubt very much you would get a consensus on that change.
There is nothing wrong with the system. People are the problem. Always will be too. So how do we fix that problem?
Of course I have not done the math behind it! :-) Not vested enough to take the time. I see it solving the problem in the above scenario as the bankster would not be able to feed the greed as his vote would be the same as everyone else.
I will continue say the system could be better but because of the difficulties in changing it will leave it alone for now. I agree that consensus would be extremely difficult as many steemians are invested in building there accounts on the increasing power and weighted voting. The impact would be huge.
Totally agree people will always be the main problem and that is best dealt with being a good influence. Walking and talking the walk and talk.