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RE: Proof of Good Governance

in #eos6 years ago (edited)

Proof of Morals and Ethics

@dan and @ned, I really think whales like you both should be limited by the system you created, in way that you do not get too much of the reward pool. And this should be a rule that affects all whales and dolphins alike.

Minnows on the other hand have no limitations. Limitation is directly proportional to increasing reputation and or amount of vests each user holds and or increased number of active users on the steemit community.

This should be similar to how mining difficulty increases in traditional bitcoin mining overtime.

There is really no need for a rush to make it big, as ones's rewards will get lesser and lesser. This is the same principle as you whales opt not to receive payouts on your posts. Why not just make it be part of steemit.

And there is limitation of non-activity on all users, as your funds get depleted if you don't contribute one way or the other.

A variation of this idea can be looked at to limit too much power that may lead to abuse as we are seeing too much of lately.