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RE: What does the death of Steem mean for cryptocurrency?

in #steem4 years ago

One of the keys is going to be changing/altering the governance model.

You hit the nail on the head. It might take a lot more money but there could be deals made that give a big money player control of the blockchain. This has to be averted by altering the consensus voting mechanism.

I dont know if the solution is more consensus witnesses, less votes per account or some other combination of factors.

Either way, something needs to be done.

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I have seen several different ideas regarding alternative consensus voting mechanisms. It would be good if some of our top witnesses or developers could make a comparison between the impacts of alternative mechanisms. Then a proposal could be put forward to change it.