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RE: Goal Zero Nomad 28 Plus Solar - Foldable and Perfect for Travel

in #steemhunt6 years ago

According to the Steemhunt moderator's post (answer 2a) from a few days ago, any Steem account with rep over 60 has voting power of 3.

https://busy.org/@jayplayco/steemhunt-most-asked-questions-from-steemhunt-newbies
That might change, of course ;-)

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it's great if hey could add more power to the higher reputation accounts. It really gives a sense of worth to the people who have put a lot of investment into the eco-system. It's not easy to reach 70+ reputation at all.

Account based voting is always vulnerable to sibyl attacks(multiple accounts) and some people like berniesanders own 50+ accounts. If you use bidbots you can reach 60 reputation without loosing much money. It will only take few hundred dollars at best.

I hope @steemhunt would change the ABV after SMTs and use something like HUNT Power with slightly non-linear rewards (n^1.1 to n^1.3)

Account based voting is always vulnerable to sibyl attacks(multiple accounts) and some people like berniesanders own 50+ accounts. If you use bidbots you can reach 60 reputation without loosing much money.

This is the exact argument of some critics of the current system. That it will basically degenerate into a battle for votes from as many accounts as possible. Today's announcement confirms the big effort in banning v4v attempts.
Im glad you mentioned "investment" because i think one's SP is correlated with his investment in steem, hence its value in any system. Will keep you posted as this plays out 🙂

At the current stage V4V can be taken care of. But when the platform grow big enough for something like a million Daily Active Accounts, these ABV system are unsustainable. But there is a lot of time to improve. So things will be OK.