1 Account = 1 Vote will DEVALUE SP holdings at the blink of an eye. There will be no point to holding them. The only thing that matters will be how strong in numbers is your bot swarm.
It will be a crash for economy and crash for tokens. There is no success story in any pure PoS project in crypto.
I also don't understand how that will make it nice to have SP. So 1 new account have as much power as massive SP holders? Doesn't make any sense. This will open up a black market for buying these 1 Account = 1 Vote accounts. Everything has a price
I also don't understand how that will make it nice to have SP. So 1 new account have as much power as massive SP holders?
No. SP and voting for content could be split.
I wouldn't be in favour of 1A1V (including incentivizing the holding of Steem) if I didn't believe that it would increase the value of Steem.
Giving people a passive income (maybe part of the rewards-pool) simply for holding SP would stabilize the value of Steem.
maybe Dash? arguably Pivx too... I mean granted they have problems too, but they are doing better than steem.
I think the value of the upvote will stay the same, but it will depend on the oracle if you actually get paid out. So it will make a difference if you have a lot SP
And so we have a new class of steemit oligarchy with unlimited power over the economy. The story with no happy ending.
Watch the video - oracles for SMTs will decide who are good & bad actors and can also decline payouts in some cases.
They are likely over-valued at the moment anyhow. So, do you want the crash now, or the crash later?