RE: Protect & Govern STEEM: Vote for Witnesses NOW!

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RE: Protect & Govern STEEM: Vote for Witnesses NOW!

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acidyo in Steem Governance • 5 years ago

100%.

There's way too many users who use witness voting the way they use curation, i.e. unvoting because they disagree with something a witness or someone involved in the witness does with curation (upvoting & downvoting) and often sit there with just 10 used witness votes or like to play politics and using their witness votes or proxies as a way to attempt to garner upvotes. These are all very childish things to do, we're talking about the security of our blockchain here so set aside those issues and vote for the witnesses you know have the best intentions for the blockchain in mind or proxy to someone you trust is up to date with who he votes for and uses all 30 votes.

5 years ago in Steem Governance by acidyo

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jaki01 5 years ago (edited)

I'm bound to say that of course I unvote witnesses from time to time, and I think witnesses actually try harder to do their very best if they can't take votes for granted. :)
Like I prefer manual curating over auto upvotes I also prefer 'manual' witness voting instead of choosing my witnesses once and then just stick with them forever.

However, I agree that every Steemian should make use of his right (and 'duty') to vote for 30 witnesses.

That said (and that's why I comment here at all), I think one single account should only be able to vote for five to (at maximum) ten witnesses!
Otherwise a big stake holder like Justin Sun could be able to control the whole blockchain. And it doesn't really matter which percentage of STEEM power he owns now. A person who spends more than four million dollar for a lunch with Warren Buffett would be always able to buy as many STEEM as necessary ... :)

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4 votes

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oldtimer 5 years ago

Your last sentence is pure gold.

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1 vote

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gentleshaid 5 years ago

I've never really utilized more than 30% of my votes. Perhaps I will just set you @acidyo as my proxy since I believe more in your love for steem

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2 votes

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simplegame 5 years ago

I would like to see number of witnesses and witnesses votes changed during a fork. Maybe go to top 30 witnesses instead of 20 and change your votes to only 12 witnesses. This would help decentralize things. I always thought top 20 with 30 votes per account was to centralized

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2 votes

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valued-customer 5 years ago

Socks. Limits on the number of witnesses an account can vote for are bypassed by sock puppet accounts.

A better mechanism to decentralize governance through witness votes is 1 steem 1 vote. No matter how many accounts are casting votes for a user, they can only vote their VP once.

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1 vote

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pharesim 5 years ago

They would have to split their stake to vote with multiple accounts though, and every individual vote would be worth less. I think fewer votes is actually closer to 1 steem 1 vote, as the influence one can excert right now multiplies with every vote one gives.

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valued-customer 5 years ago

Certainly managing the witness votes of multiple socks is easily done using proxies. All the socks could simply proxy to accounts that each vote seven witnesses, and all the VP the owner spread through all the accounts would be cast for 30 witnesses in total, if that's what they wanted to do. However that VP would be split and only approximately 1/4 would apply to each witness (28/7 = 4), so it would reduce considerably the stakeholders ability to vote his entire stake for 30 witneses.

1 Steem 1 vote does so 4 times more.

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pharesim 5 years ago

Yes. Forget what I said, I didn't think properly.

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stuffbyspencer 5 years ago

Yeah, I agree. Maybe the math is wrong, but from the back of a napkin this sounds like a solid plan. It'd require more participation in order to approve things.

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simplegame 5 years ago

Yeah not sure the exact math. We can debate that. But needs to be changed. However the current witnesses most likely will never incorporate that type of change, so we would have to do it on a hard fork that separates from the current block chain.#steemclassic

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1 vote