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RE: Enhancing Steem's 'Proof of Stake' Model With A Process For Expiry/Renewal Of Witness Votes
Having the votes expire wouldn't be a bad thing. For one, it would constantly require all witnesses to educate the general userbase about why it's important to vote for witnesses and how to do so. Also, it would keep all witnesses at their best and in campaign mode. A witness who's in the top 50 let's say wouldn't be able to get lazy and start missing blocks, not monitoring their server, etc. If they did that they wouldn't get a vote renewal. It would also propel building on the blockchain to some insane level, which would be great for its expansion.
Yes, democracy requires engagement and without it, the whole concept of it falls apart. I am not seeing a downside to the idea of vote renewal currently. :)
I disagree on applying democracy here. This is a blockchain, not a country. What I see it as is serving our internal and external clients in the best manner possible. Our internal clients are our fellow witnesses and blockchain devs, our external are the general userbase of the Steem blockchain. We have to universally focus on delivering excellence on all levels.
I am not an advocate for democracy and have written extensively on why it fails - which is beyond the scope of this thread for me - however, the idea of democracy is that it is intended to 'serve our internal and external clients in the best manner possible' - where those clients in a nation are citizens and 'foreign citizens'. I use the word 'democracy' in the context of witnesses since witnesses are directly elected from and by the community and they themselves then effectively 'vote' on which policies will be adopted via forks of the system - which is quite like the way MPs vote in a parliament for policy changes.
Understood. I mentioned my disagreement because from years of experience running online communities of all sorts, the moment folks start thinking of a project as 'democratic', all goes to shit. It's one of those perception things. Either way, not really part of the topic at hand.
To make my comment here relevant, I'll add what I just said in chat: Vote expiry will remove the dead witnesses from the witness lists, positively contributing to the morale of lower-ranked witnesses. While the number rank and the presence of the disabled ones is irrelevant, cleaning that up will generally help morale.
Ok, I see - yes, perceptions can cause many problems!
Thanks for your comment here - yes, clearing out the inactive witnesses from the list will be one of the knock-on benefits too.
Hi all, your discussions here are so relevant and I noted all points discussed. I couldn't but agree with all of the above comments, it is important to address these loopholes. Thanks guys!