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RE: Fact: Steemit Sybil Attacked the Steem Blockchain

in #steem5 years ago

Find a better approach to governance that DPoS stake-weighted voting and it can be seriously explored. I have yet to see one that doesn't have much more serious problems (like China's centrally controlled reputation system). Read Skin in the Game for a deeper understanding for what stake-weight does have some value (but I agree, is far from perfect, especially for those who have skin in the game in other formats outside of token holdings).

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Availed of the same grasp of alternate political mechanisms as you discuess, I do not propose any of them. All I am proposing is the equalization of stake undertaking governance of Steem, by eliminating the 30x multiplication of the weight of substantial stake - such as held by Tron now - over governance.

Accurately weighting our skin in the game is all I presently advocate, not replacing it with some other mechanism. It's a simple thing, and confounds potential abusers of the extant system, such as we are demonstrably and existentially threatened by today as a currency and society.