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RE: Is there a Witness “Circle-Jerk”?
Good question, your vote is directly proportional to your SP. So, YES a whale has more influence over the votes.
Good question, your vote is directly proportional to your SP. So, YES a whale has more influence over the votes.
That's interesting. I didn't think that would be the case. Thanks for the info. I can see why SP would influence voting power for blog posts or comments but find the idea that a whale vote is worth more when voting for witnesses a bit disconcerting. I wonder why they chose to do it this way?
In the light of it being acceptable to change the content vote power in HF19, perhaps it might also be agreeable to change witness votes to being proportional to the square root of SP? This would reduce the power concentration somewhat.