If you just want to have the force to decide yourself about all it will be even "only" necessary to have more hivepower than the witness at the 4th place, cause you need 17 from 20 witnesses for a hardfork, so you could even let the Top-3-witnesses at their place and power "only" up to reach 16 from 20.
Good point, didn't think of that. So really there is still a risk of collusion on governance on HIVE based just by having more HP voting on witnesses in the top 17 positions - as long as they are above whoever is in 18th... makes sense then that the number of witness votes given should be reduced to less than half the number needed for consensus/super majority right?
I think that would be a better solution than allowing people to stack their votes in the other method you mentioned.
"Good point, didn't think of that. So really there is still a risk of collusion on governance on HIVE based just by having more HP voting on witnesses in the top 17 positions - as long as they are above whoever is in 18th... "
My understanding is a little bit different: If I understand correctly it is not important if you are at 1st or at 20th place, so you must not take place 1-17 - it would be also ok (or the same) to take place 4-20.
"makes sense then that the number of witness votes given should be reduced to less than half the number needed for consensus/super majority right?"
If you take one account than it would be enough to reduce it to 16, but you should consider the possibility to open more than one account and distribute your hive-power to more than one account. So f.e. (by 16 votes) you can add 3.125% to 17 accounts = 53.125%, if now all accounts vote 16/17 witnesses every witness-account has enough hivepower to take place in top 20.
So the safest way is to let everybody only 1 witness vote OR allow everybody to stack all votes to one account.
A investor would under this circumstances need more than 80% of existing Hivepower if he want to reach 17 from 20 top-20-witnesses for sure.
Yes agree with this now I've understood the reasons a bit better - thanks.
Have you presented this or had a discussion about it in the Hive Developers community?
"Have you presented this or had a discussion about it in the Hive Developers community?"
No - to be honest I even don't know where I can found them.
Well, there is a community called Hive Governance which you will definitely want to join and present your ideas to - here you go:
https://peakd.com/c/hive-111111/created
https://peakd.com/hive-111111/@udow/next-hf24-witnessvotes-how-about-accumulating-instead-of-disadvantageing-new-investors-qc4wpu
I have customized my post a little bit - hope this meets now the Hive-Governance-community "rules".
Nice one - I don't know about the rules, I just remember seeing a post from there about witnesses and thought it would be a good place for you to post. Hope you get some replies 🙂
Yes I also hope - let's see.
I am really curious.