Doesn’t make a lot of sense to me. That top 60% of Steemit Inc. stake is largely inactive. With the exception of Mr. Delegation they’re not engaging in any witness or reward pool voting activity. Steemit Inc. has largely been fairly good at remaining neutral with their stake. They’re gradually being diluted with the passage of time.
Many of the small colored slivers on your chart are the whale accounts which engage in massive self voting & vote trading seeking to grow stake at the expense of the platform as a whole, but those would remain untouched.
The only things I see being addressed in this proposal regarding balance of power and stake are cutting Mr. Delegation, which while sometimes making questionable choices I believe still positively contributes to a broader flow and distribution of Steem through the projects it supports; and cutting Freedom from witness voting. Nothing else substantively changes.
Actually, many of the witnesses fear disagreeing with them. Several witnesses also feel like they can't get pull requests past their process and many users and stakeholders feel the weight of supporting the constant sell off.
They can't both hold that much stake and pretend they don't. It's a mess.
Admittedly I don’t know much of the “backroom” culture... but the witness fear kinda baffles me. Steemit Inc. would have to come in and very visibly put their fingers on the scales to counter current witnesses and officially vote in their own puppets. If that were to happen I know I’d turn from Steemit supporter to “fork them out” in a heartbeat as would many others. I hope that as the new DAC style funding and alliances come along the witnesses will feel more free to do the job for which they were elected, running the blockchain!
Freedom account nearly solely controls the witness votes.
"They Say" they don't own it.
No one we know owns it. It has nearly perfect control that way.
I don't know who owns it either, but honestly I would rather they vote than pretend they don't.
I’d love to see momentum pick up for the concept of 1 Steem = 1 witness vote. With 300,000 Steem you can give 10,000 votes to 30 different witnesses or 300,000 votes to one... but not 300,000 votes to 30! Of course we’d be reliant on current witnesses to make their own positions more democratic.
Even without, I’m heartened by the recent example of a witness like aggroed bucking the need for a Freedom vote to be top 20. It shows it’s not an insurmountable obstacle.
Agree! that was nice.