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RE: Ned Scott and @theoretical of Steemit Explore Oracles on Steem

in #ned6 years ago

I don't believe that one account one vote is the best solution here.
We cannot assume that each and every account has the ability to distinguish high-quality content from low.

The introduction of an oracle system as a solution to this seems heavily over-engineered, not to mention seems to embark down a road towards a distributed identity verification, AML/KYC.

If my understanding is correct then, in my opinion, this would be a gross misallocation of resources by Steemit, Inc and at best should be outsourced.

I would favour a more meritocratic system.
What I would propose is to completely disable the Power Up feature at the smart contract level.
User's steem power would only have one single source and that's through reward payouts.
I would really appreciate some thoughts or criticisms on that approach!

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Yeah but once you have identity behind that vote you can combine it with reputation to weight the vote. Some votes are more equal than others but it is not based on wealth...