To get higher in the ranks takes a whole lot of SP - the climbs starts to get very steep, but yes, every sizeable vote makes a difference.
You are viewing a single comment's thread from:
To get higher in the ranks takes a whole lot of SP - the climbs starts to get very steep, but yes, every sizeable vote makes a difference.
but thats sad when it comes to witness votes. For me it should be about the simple number of votes you get, not the weight.
I think the decision to place weight on SP holding, rather than the number of accounts each person holds does make sense from some perspectives, since it means that investors gain benefits and also push the price of Steem up through their investment, which helps grow the system. If things were done 'one vote per account' without considering SP value, then people would just look for ways to create as many accounts as possible. There are pros and cons to all the options however.
I 100% agree when it comes to upvotes for content etc, but not for witness votes as that is voting for an elected member whom you trust to ensure the well being of ecosystem.
If votes were based on a 'per account' basis, the technically adept witnesses could just use their payouts to buy more and more accounts and gain more and more votes - it wouldn't really work as our signup process is today. the signup process is due to change though - so maybe that might change things with regards the practical possibilities for voting.
thats true, I already see lots of dubious practises on sites like microworkers where people are buying accounts, upvotes to win competitions and setting up circle voting groups.
Anyway, its been a pleasure :-) Thanks for your time and of course reinforces my original comment ;-)
Yeah because of how the DPOS was set up it makes sense that MVest is the reason how the witnesses moves up.
Investors and those that really made time and effort to build up their SP.