You can have stake weighted voting of witnesses that use mana, just like votes on content do. Things just like that (and others) have been mentioned on here for a couple years now but none of the top witnesses thought it necessary to do anything about it, mostly because they were all being kept in power by a handful of accounts. Changing that would have affected their paycheck.
You are viewing a single comment's thread from:
Mana has to do with regeneration of vote amount.. RCs etc.. how does that have anything to do with witness voting or how would that even be beneficial? Or are you saying you don’t feel there should be 30 equal weight witness votes?
Yes, I am saying that every vote for a witness you cast it uses your witness voting power. How many votes you wanna cast depends on how much weight you want to give to each vote. 1 full power vote or any number of smaller votes. It's essentially one vote per stake, but the weighting of that vote can vary.
That's a pretty good idea. I had a similar idea using weighted ranking. For example, first ranked witness receives a full vote, second ranked witness receives 80% of the vote, third ranked receives 64% of the vote, etc. You could vote for 20 different witnesses but it would only be equivalent to 5 full votes.
I think your approach is more flexible but achieves the same objective of decreasing the ability of any large stakeholder from controlling all the top witnesses.