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RE: Idea: Rethinking the Voting Power system for a better Steem network

in #steem7 years ago

Interesting ideas. All good. Except then you ruined it with "rewards will be more .... democratic". Why do people think that is a good idea? We are dangerously close to the point that 50% of the voters in the US are willing to vote left just to get more freebies and handouts. And once we get to that tipping point, then the republic is screwed.

STEEM On !!

Dave

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I can see why the word "democracy" hit some political nerves. Please don't consider it literally and equate it to the government elections.

Steem is a weighted democracy. All votes here are proportional to the stake of the voter. However, some voters could play games rationing their votes in the current system. By "more democratic" I meant simply that collusive voting will be reduced. So, now you can get to Trending by befriending 2 or 3 whales. If this system is used, you'll have to convince a dozen whales and a bunch of minnows or dolphins that your post is good. That democratizes the voting process in the sense that more peoples' opinion matters.

I agree. Even though it fits within the definition of weighted democracy, there is something not quite right about process where you befriend a couple of whales and every post goes to the moon. That probably rises to the level of collusion, or gets real close to collusion if not all the way there.

Oh, I think we're past 50% being willing. I just think we're fortunate that they're unaware they can do it, or unwilling to work together to do so.

UBI here we come! X(