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RE: @timcliff's Witness Hardfork Approval Standards v0.1

in #witness-category6 years ago

No you really cant model it like that. Steem covers the whole world rt, so if you consider the whole population then how many representative are there? Very huge number. I think the algorithm should be tweaked as steem block chain scales....I think its a compromise to achieve the speed needed for B2C application but it wouldnt be good to dismiss a better system might be works some where else.

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No, the idea is same. For the sake of effectiveness you are not asking whole population to vote for or against when you need to make a decision. You chose delegates. Difference is, that here if your witness doesn't do the job well, you can "fire" him within 3 seconds.